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BOP seen as a surplus in 2024 despite slower growth overall
The balance of payments (BOP), essentially what is left after the country's foreign-currency earnings are deducted from its expenses, is projected to remain in surplus of some USD3.5 billion in 2024, according to the Bangko Sentral ng Pilipinas (BSP).
Philippines misses 2024 tourist arrival target, optimistic for 2025
The Philippines fell short of its tourist arrival target for 2024, recording 5.95 million foreign visitors, well below the goal of 7.7 million.
Recto unceasing in pushing for LANDBANK, DBP charter reforms
The Department of Finance (DOF) has commended the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) for their strong financial positions, noting the institutions are now in a better position to expand services and support national economic priorities.
PSE kicks off 2025 with modest gains as late buying boosts market
The Philippine Stock Exchange (PSE) rounded its first trading day of 2025 on a positive note, despite a sluggish start. The benchmark PSE Index rose by 21.60 points to settle at 6,550.39, following a late surge in buying activity that lifted the market after a largely red session.
Record passenger traffic at NAIA bodes well for broad economy
The Ninoy Aquino International Airport (NAIA) reached new heights in 2024, recording its highest-ever passenger and flight volume, according to the New NAIA Infrastructure Corporation (NNIC).
