The Philippines is adjudged to have emerged from the pandemic on strong economic footing based on the preliminary assessment of a four-man visiting team from the International Monetary Fund (IMF).
House leaders have set aside a portion of the P1.23 billion intelligence fund under next year's proposed budget into programs that help defeat inflation.
Foreign direct investments (FDI), the kind that stays for the long haul, proved weaker in the January-to-July period this year to $4.7 billion from $5.5 billion last year, the Bangko Sentral ng Pilipinas said on Tuesday.
Headline inflation getting away from the central bank's 2 percent to 4 percent target range this year heightens the likelihood of a change in the monetary policy structure in the Philippines, the analytics unit of the sovereign credit watcher Moody's Investors Service said on Monday.
GCash, the mobile wallet of Globe Telecom Inc. trends on X, formerly Twitter, after its users complained of inability make transactions, whether sending or receiving, since the early morning hours of Monday.
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudulent schemes where individuals falsely present themselves as BSP officials or employees to deceive people.
Smart Communications has introduced the Smart Home WiFi SIM 99, a dedicated card designed to work with open-line home WiFi routers, as well as compatible Smart and PLDT Home WiFi devices with expired or inactive SIMs. Priced at just P99, the package includes 2GB of non-expiring data, creating an accessible option for households seeking reliable internet access.
India’s GMR Group is positioning the proposed Sangley Point International Airport as a major new Philippine investment, with the project expected to draw more than P150 billion in direct capital as the company expands its aviation and logistics footprint nationwide.
Treasury bill yields climbed across all maturities at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ recent rate hike and the prospect of further monetary tightening amid an elevated inflation outlook.