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BOP deficit in October signals short-term challenge, but strong surplus underpins economic resilience
The Philippines posted a balance of payments (BOP) deficit of USD724 million in October, marking a stark contrast to the USD1.5 billion surplus recorded in the same month last year.
Treasury yields rise at Monday’s auction
Treasury bill yields were higher at the auction Monday, reflecting the rise in the secondary market after cautious comments from the U.S. Federal Reserve on the outlook for monetary policy easing.
Remittances surge: Overseas Pinoys drive economic growth
Personal remittances from overseas Filipinos (OFs) continued to strengthen in September, rising by 3.3 percent to USD3.34 billion from USD3.23 billion in the same month last year, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
Remittances surge in September
Personal remittances from overseas Filipinos (OFs) grew by 3.3 percent in September 2024, reaching a total of USD3.34 billion, up from USD3.23 billion in the same month last year, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
Top Line gears up for P2.75B IPO as Central Visayas economy surges
Cebu-based fuel retailer Top Line Business Development Corp. is gearing up for its public debut with an initial public offering (IPO) aimed at raising up to P2.75 billion to fund its ambitious expansion in the thriving Central Visayas economy.
