The Bangko Sentral ng Pilipinas (BSP) on Friday reported net foreign investments of USD283.69 million exiting the Philippines In January 2025. This was a significant improvement compared to the previous month's outflows of USD487.37 million. The decrease, amounting to USD203.68 million or 41.8 percent, points to a recovery in market sentiment despite ongoing global economic pressures.
The Philippines’ posted a substantial trade deficit of USD5.09 billion in January, widening from the USD4.36 billion trade gap in the same month last year, as export growth failed to keep pace with the rise in imports. This wider trade deficit highlights the country’s persistent struggle to meet its domestic needs through local production and its inability to identify new export drivers to strengthen its economic position.
ABS-CBN Corp. has sold a significant portion of its Quezon City property to Ayala Land Inc., one of the country’s largest property developers, for P6.24 billion.
The Energy Regulatory Commission (ERC) has deferred the approval of capital expenditure projects proposed by the National Grid Corporation of the Philippines (NGCP) totaling P20.32 billion.
Agriculture Secretary Francisco Tiu Laurel Jr. on Monday directed the Bureau of Plant Industry (BPI) to conduct an urgent inspection of onion cold storage facilities across the country.
The Visayas power grid was briefly placed under a yellow alert on Thursday, December 11, due to several power plants being unavailable. A yellow alert means power reserves are low, but rolling outages are not yet expected.
The Department of Energy (DOE) is taking steps to address renewable energy projects under the Green Energy Auction (GEA) program that have failed to meet their committed delivery timelines.
The Independent Electricity Market Operator of the Philippines (IEMOP) expects the Luzon and Mindanao power grids to remain generally stable in 2026 based on current supply levels, officials said Thursday in a briefing in Pasig City.
Alternergy Holdings Corp. has secured system impact study (SIS) approval from the National Grid Corporation of the Philippines (NGCP) for all five renewable energy projects it won under the fourth Green Energy Auction (GEA 4).