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2Q 2024 external liabilities eased, but government and corporate debt pressure mounts

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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

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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

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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

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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

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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.
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Senator Jinggoy Estrada arrested; no bail recommended

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Interior Secretary Jonvic Remulla said he led the police on Monday to arrest Senator Jose 'Jinggoy' Estrada at the Senate following the issuance of an arrest warrant in a plunder case, despite objections from Senate leaders. Remulla said authorities moved swiftly to enforce the warrant to avoid a repeat of the escape of Senator Ronald 'Bato' dela Rosa. He noted that the Sandiganbayan did not recommend bail for Estrada and four co-accused. Former Public Works Secretary Manuel Bonoan has surrendered to authorities but was taken to a hospital for medical treatment, Remulla added.

Prices slash across all fuels; PH plans regional reserves with Japan’s help

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The Department of Energy (DOE) confirmed this week will see broad price rollbacks, with reductions starting at P4.76 per liter for gasoline, P9.26 for diesel, and P10.86 for kerosene.

New pharmacy concept combines local trust, Japanese wellness at One Ayala

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AC Health has launched the first St. Joseph Drug Powered by Sugi store at One Ayala in Manila, blending local healthcare knowledge with Japan’s wellness expertise.

VP seeks early impeachment case dismissal

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Vice President Sara Duterte on Monday formally answered the impeachment charges filed by the House of Representatives, with her legal team submitting a 50-page response before the Senate that seeks the case’s immediate dismissal. According to spokesperson Michael Poa, the filing challenges the impeachment proceedings on several grounds, including alleged defects and constitutional infirmities in House procedures, deficiencies in the substance of the complaint, and questions over the admissibility of evidence. The House earlier impeached Duterte over allegations of unexplained wealth, high crimes, and misuse of public funds, accusations she has consistently denied.

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