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.
Just hours after the US Supreme Court struck down his global tariff regime, President Donald Trump did what markets have come to expect and went bigger.
East West Banking Corp., the country’s 11th largest lender by assets, capped 2025 with a 21 percent jump in net income to P9.2 billion, powered by robust core revenues, double-digit fee growth and tighter cost discipline, underscoring the bank’s expanding earnings engine in a competitive market.
Rafael Fernandez de Mesa likes to open with a joke. In another life, he says, he might have been the first Rafa people talked about. Instead, that distinction belongs to Rafael Nadal. Fernandez de Mesa found his arena elsewhere, trading baseline rallies for balance sheets.
Gilbert had barely settled into his seat on a Friday evening flight bound for Manila, pleased to be heading home after several days of meetings in Mindanao. An hour later, the single-aisle jet remained parked on the tarmac at Francisco Bangoy International Airport, engines silent, cabin restless.