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    BOP surplus soars to $3.7B in Q3, powered by financial account inflows

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    The country's balance of payments (BOP) position surged to a surplus of USD3.7 billion in the third quarter of 2024, a sharp recovery from the USD524 million deficit recorded in the same period last year.

    Palay farm gate prices continue decline in November

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    The average farm gate price of dry palay fell to P20.03 per kilo in November, signaling a potential drop in rice prices for consumers in the coming months.

    ADB approves $30M loan to boost PPP projects and infrastructure in the Philippines

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    The Asian Development Bank (ADB) has approved a $30 million loan to support the Philippines' infrastructure development through public–private partnerships (PPPs).

    Water rate hike ahead for Metro Manila in 2025

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    Metro Manila residents will face higher water rates starting next year, as the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) adjusts tariffs to reflect changes in tax rates, environmental charges, and foreign currency differential.

    PH trade deficit widens in October

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    The Philippines' trade deficit in October widened significantly to USD5.8 billion, as imports continued to outpace exports. 
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    BPI app update adds stronger security features for safer mobile banking

    Technology 0
    The Bank of the Philippine Islands (BPI) has released version 13.1 of its mobile app, introducing advanced security features aimed at combating evolving cyber threats.

    Globe Taps Airtel’s Xtelify for AI-driven service overhaul

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    Globe Telecom has entered a multi-year, multi-million-dollar partnership with Xtelify, the digital innovation arm of India’s Bharti Airtel, to deploy next-generation AI-driven software aimed at revolutionizing customer service and operational efficiency in the Philippines.

    Rice, utilities costs pull down July inflation to 6-year low

    Agriculture 0
    Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).

    Strong credit demand lifts bank loans, money supply in June

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    Lending activity by universal and commercial banks (U/KBs) continued its upward trajectory in June, supporting stronger domestic demand and economic momentum, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    LezzGo streamlines Boracay port ticketing system

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    A new chapter in Boracay’s tourism infrastructure began today with the launch of the P150-million Unified Automated Ticketing System, branded “LezzGo Boracay,” at the island’s entry and exit ports.
    Technology

    BPI app update adds stronger security features for safer mobile banking

    0
    The Bank of the Philippine Islands (BPI) has released version 13.1 of its mobile app, introducing advanced security features aimed at combating evolving cyber threats.
    Corporate Bulletins

    Globe Taps Airtel’s Xtelify for AI-driven service overhaul

    0
    Globe Telecom has entered a multi-year, multi-million-dollar partnership with Xtelify, the digital innovation arm of India’s Bharti Airtel, to deploy next-generation AI-driven software aimed at revolutionizing customer service and operational efficiency in the Philippines.
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