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Manila borrowed $7.5 billion more over three months

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The country honoring an international covenant on reporting its foreign debt bared owing $7.5 billion more in the first quarter this year to $118.8...

Projected 1Q BOP deficit end as a surplus instead

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The country’s balance of payments (BOP), which tells whether the Philippines earns more foreign currency than it spends, surprised the monetary authorities who expected...

Narrowing interest rate differential unlikely to trigger capital flight or weak peso – Metrobank

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Analysts at the Metropolitan Bank and Trust Co. anticipate another pause in the cycle of policy rate adjustments when the monetary board of the...

Four-month remittances rise 3% to $11.7 billion

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Overseas Filipinos sent back to the Philippines $11.68 billion worth of foreign currency earnings in the first four months this year, an increase of...

Tourism direct gross valued added surges to P1.376 Trillion in 2022, but still off pre-pandemic high

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The direct gross value added of the tourism industry last year accounted for 6.2 percent of gross domestic product or P1.376 trillion based on...
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SSS fast-tracks pension hike, releases P6B early

Banking & Insurance 0
The Social Security System (SSS) has accelerated the rollout of a scheduled pension increase, releasing an estimated P6 billion in additional benefits to 4.1 million pensioners three months ahead of schedule as the government moves to ease the burden of rising living costs.

ESEC gets green light for 98.2 MW Capiz solar project

Energy & Mining 0
EcoSolar Energy Corp. (ESEC), a member of the Yuchengco Group, has secured an Environmental Compliance Certificate (ECC) for its 98.20 MW solar plant in Panitan, Capiz.

PFI Group surpasses ₱100 billion in total claims paid

Banking & Insurance 0
Philippines First Insurance Group (PFI Group), a leading insurance and healthcare conglomerate, has paid out over ₱100 billion in claims, serving as a critical financial safety net for more than 4.5 million policyholders. Reaching this milestone coincides with the 120th anniversary of its core brand, PhilFirst, and highlights the group’s long-standing role in the national economy alongside its subsidiaries PhilLife, PhilCare, and PhilPlans.

PAL names new independent directors to boost growth strategy

Corporate 0
The Philippine Airlines (PAL) announced on Tuesday the appointment of corporate leader Edgar O. Chua and seasoned aviation executive Datuk Captain Izham Ismail as independent directors, effective June 1, 2026.

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