The USD437 billion Philippine economy is projected to grow by 5.7 percent in 2024, according to Fitch Ratings, which credits the country’s effective monetary policy for the positive outlook.
The Bangko Sentral ng Pilipinas (BSP) on Monday reported a positive trend in personal remittances from overseas Filipinos (OFs), with October 2024 figures showing a 2.7 percent annual increase.
Philippine Treasury bill (T-bill) yields rose at Monday’s auction compared to the previous week, as market participants await key monetary policy decisions from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) later this week.
The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show cause order (SCO) to motorcycle ride-hailing and delivery service app, Angkas, demanding an explanation for allegedly surpassing the government-mandated cap on motorcycle taxis in Metro Manila.
The Department of Agriculture (DA) and Bureau of Fisheries and Aquatic Resources (BFAR) reaffirmed their commitment to the closed-fishing season as a critical conservation measure.
Transportation Secretary Giovanni Lopez has relieved the head of the Special Action and Intelligence Committee for Transportation (SAICT) following an incident involving an ambulance on the EDSA Busway last Monday.
A delegation from the European Parliament has thrown its weight behind efforts to revive negotiations for a free trade agreement between the Philippines and the European Union, signaling renewed momentum for a long-anticipated pact.
Consumers in northern Negros Occidental can expect more stable electricity service following a new 30-megawatt power supply agreement between the Northern Negros Electric Cooperative, Inc. (NONECO) and Aboitiz Power Corporation.
The Manila Electric Company (Meralco) power generation arm Meralco PowerGen Corporation (MGEN) has received a $2.8 million (about P162 million) grant from the U.S. Trade and Development Agency (USTDA) to support studies on bringing nuclear energy to the Philippines.