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MB approved $2 billion public sector foreign borrowing in Q4 2022

For the period October to December 2022, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) approved one public sector foreign borrowing of $2 billion, which is lower by 32.95 percent compared to the $2.98 billion borrowings approved in the same period in 2021. 

Inflation, renewed mobility helping shape 2023 global consumer trends

The post-pandemic era is ushering in new shopping habits across the world, and companies must monitor them closely to address and adjust to their customers’ evolving needs, according to global market research firm Mintel. 

BOP surplus in December pared the full-year 2022 shortfall to only $7.3B

The balance of payments (BOP), essentially what is left after deducting the country’s foreign currency expenses against earnings, stood as a surplus of $612 million in December 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.

DOF chief briefs WEF CEOs on proposed Maharlika Investment Fund

Finance Secretary Benjamin Diokno briefed World Economic Forum (WEF) chief executive officers (CEOs) on the current state of the Philippine economy, as well as...

Tugon Kabuhayan offers private-sector help to stop chronic food smuggling

Food security and livelihood advocacy group Tugon Kabuhayan on Tuesday offered to help the government stop the chronic smuggling of food products that has depressed local production and kept food prices...

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China narrative on Batanes sparks fresh alarm

Chinese scholars' assertions over Batanes are fueling fresh concerns that Beijing may be laying the groundwork for future territorial claims, even without making an official declaration. SeaLight director Ray Powell said the narrative coincides with China Coast Guard patrols that have pushed east of Taiwan and into the Philippine Sea since June 1, expanding operations beyond the disputed West Philippine Sea and the first island chain. He warned that Batanes and the Bashi Channel hold strategic value in any Taiwan contingency. Former Surigao del Norte representative Robert “Ace” Barbers described the development as a “creeping invasion” and urged Filipinos not to amplify Beijing’s messaging.

Japanese envoy marks 10th anniversary of South China Sea ruling

Japanese Ambassador Endo Kazuya joined diplomats, government officials, and maritime experts yesterday to mark a decade since a landmark legal ruling on the South China Sea. Ambassador Endo attended the special symposium on July 10, which was hosted by the Stratbase ADR Institute for Strategic and International Studies. The event allowed leaders and analysts to discuss the current state of regional waters exactly ten years after an international tribunal issued its decision in the case between the Philippines and China.

Hidilyn’s golden legacy lifts Philippine teenage weightlifting stars

When Hidilyn Diaz won the Philippines' first Olympic gold medal in Tokyo in 2021, most of the country's newest weightlifting sensations were still in grade school, some not even teenagers. Five years later, they are no longer just watching their hero. They are following her footsteps, one lift at a time.

Manila Water deploys contingency assets to boost East Zone water security

Manila Water is strengthening water supply reliability across its...

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