Although this reversed the net outflow of $574.5 million recorded in 2021, the net inflow was way below the revised $3.5 billion target set by the Bangko Sentral ng Pilipinas (BSP).
The Philippine economy expanded in 2022 by 7.6 percent, exceeding the government’s target and thus far the fastest growth among emerging Asian economies, helped by strong consumer consumption amid a so-called “revenge spending” and a robust services sector.
The government has retained the projected local output growth measured as the gross domestic product (GDP) at 7.6 percent in the third quarter of 2022, according to National Statistician Dennis Mapa.
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla expects inflation falling below the lower end of the government’s two- to four-percent target range early...
The Department of Environment and Natural Resources (DENR) on Thursday announced plans to plant three million trees in the Upper Marikina River Basin Protected Landscape (UMRBPL) over the next three years. The goal is to raise forest cover from 25 percent at present to 43 percent, restoring degraded areas and bolstering biodiversity.
Manulife Philippines, the local arm of global financial services leader Manulife, earned major accolades at the Insurance Asia Awards 2025 held in Singapore, spotlighting the company’s ongoing digital transformation and deepening brand relevance in the Philippine insurance market.
The Civil Aeronautics Board (CAB) is preparing to initiate bilateral air service negotiations with several key tourism markets, including Japan, India, Thailand, and potentially the United States, within the year.
NexGen Energy Corp., a publicly listed renewable energy firm helping accelerate the country's clean energy transition, outlined its strategic measures to ensure sustainable growth during its 2025 annual stockholders’ meeting on 7 July.