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FDI continues to weaken in June – BSP

Banking & Insurance Context.ph Context.ph -
Foreign direct investments (FDI) that fell at an annual clip of 34 percent in May continued to fall in June but at a significantly moderate rate of only 3.9 percent in June, the Bangko Sentral ng Pilipinas (BSP) said on Monday.

Government outstanding debt rises by P99.44B to P14.24T in July

Top News Context.ph Context.ph -
The Philippines’ outstanding national government debt increased further in July, rising by P96.44 billion to P14.24 trillion.

Philippines July trade balance still in deficit; narrower on-year at $4.20B

Top News Context.ph Context.ph -
The Philippines’ balance of trade with the rest of the world still showed a wide deficit in July, with exports still lagging the value of products bought by the country to sustain the economy.

Global goods trade show signs of upturn in Q2—WTO

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Trade in global goods showed signs of a turnaround in the second quarter of 2023, driven by strong automobile production and sales, according to the World Trade Organization (WTO).

Employed Filipinos total 44.6M in July, down from 48.8M in June

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The Philippine economy lost more than 4 million jobs between July and June this year, with data released Friday by the Philippine Statistics Authority showing the number of employed Filipinos plunging to 44.6 million in July from 48.8 million in June.
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PEZA, Oman target investments across four strategic industries

Trade & Investments 0
The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Davao durian shipped to Oman in new trial export

Agriculture 0
The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Petron net income drops 28% on high oil costs

Corporate 0
Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.

Singapore’s USEL eyes Philippine logistics, data center investments

Transport & Logistics 0
Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.

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