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BOP surplus soars to $3.7B in Q3, powered by financial account inflows
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
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
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
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
The Philippines' trade deficit in October widened significantly to USD5.8 billion, as imports continued to outpace exports.
