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2Q 2024 external liabilities eased, but government and corporate debt pressure mounts
The country's external financial landscape showed mixed signals in 2Q 2024, with a 3.6 percent quarter-on-quarter easing in its net external liability position to P2.9 trillion, down from P3 trillion in 1Q 2024.
DBCC commits to 2 percent to 4 percent inflation target to anchor economic expectations
Food-driven high inflation, averaging a three-month high of 2.5 percent in November, is forecast to average no higher than 3.1 percent in December, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
Govt on track to meet fiscal goals; 11-month revenue at 96% of target
The Philippine government is on track to meet its fiscal goals for 2024, with revenue collection outpacing the target as of November, helping keep...
Remittances seen rounding 2024 at $40 billion
Remittances, a potent source of external liquidity for the Philippines, is projected to round the year at more than USD40 billion this year, according to latest estimates by the World Bank.
Globe Business helps power cooperatives with digital transformation
In a move helping empower cooperatives across the Philippines, Globe Business is enabling digital transformation to improve member engagement, streamline operations, and promote sustainable growth.
