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China proposing its own nuclear power agreement with Manila

China has offered the Philippines an opportunity to capitalize on its technology either to revive the mothballed Bataan Nuclear Power Plant (BNPP) or build a new small modular nuclear reactor (SMR).

January GIR rises to $99.7B

The country’s gross international reserves (GIR), an indicator of capacity to pay for trade and debt obligations, rose to $99.7 billion as of end-January 2023 from the end-December 2022 level of $96.1 billion. 

DOF chief says improved agri sector, energy security to stabilize inflation

The Department of Finance (DOF) believes improved productivity in the agriculture sector and stable energy supply will help tame inflation that pushed past expectations...

DBM urges public to participate in preparation of 2024 budget

The Department of Budget and Management (DBM) is urging the public to participate in the government's budget preparation process to ensure a responsive allocation and contribute to the achievement of the country's development goals.
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January inflation accelerated to 8.7% on year

The rate of change in the price of consumer goods and services accelerated to 8.7 percent year-on-year in January, its fastest pace since the 9.1 percent recorded in November 2008, on account of higher cost of house rental, utilities, food and transportation.

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Maynilad nears completion of mega water and wastewater projects

Maynilad Water Services Inc. said several major water and wastewater infrastructure projects in its West Zone concession area are nearing completion, a development expected to improve water reliability, system resilience, and environmental protection for customers across Metro Manila and Cavite.

Cebu steals spotlight in Netflix’s K-drama ‘Boyfriend on Demand’

Cebu’s turquoise waters and sun-kissed shores are enjoying a starring role in the global streaming spotlight, thanks to the new Korean drama Boyfriend on Demand, now charming viewers worldwide on Netflix.

New program gives IT-BPM workforce tools to build savings and credit history

The IT and Business Process Association of the Philippines (IBPAP) and digital financial platform Maya have launched a program to improve financial access for nearly 1.9 million digital Filipino workers. The initiative aims to provide savings tools and responsibly structured credit products, such as credit cards, to qualified employees in the IT-BPM sector.

ASEAN digital pact poised to boost trade

The ASEAN Digital Economy Framework Agreement (DEFA) is gearing up to transform Southeast Asia’s digital landscape. Targeted for signing in Manila this November on the sidelines of the ASEAN Summit, the pact signals a major leap in regional economic integration.

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