Manila Electric Co., the country’s largest power disturber better known as Meralco, on Tuesday said power rates in November will be higher as generation charge increased due primarily to a depreciation of the peso against the U.S. dollar.
The Bangko Sentral ng Pilipinas (BSP) has intervened in the ongoing issue of unauthorized deductions from GCash accounts, directing G-Xchange, Inc. (GXI) to swiftly address the problem and expedite refunds for affected users.
Foreign direct investment (FDI) in the Philippines showed a decline of 14.5 percent year-on-year in August 2024, totaling USD813 million in net inflows, compared to US$951 million in August 2023, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
Preliminary data from the Bangko Sentral ng Pilipinas (BSP) highlighted continued growth in lending and domestic liquidity in September, reflecting robust economic activity and financial stability.
The country's gross international reserves (GIR) stood at USD112.43 billion as of end-October 2024, slightly lower than the USD112.71 billion recorded at the end of September 2024, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
South Korean actors Kim Myung Soo and Choi Bo Min have been appointed as the Philippines’ newest Tourism Ambassadors by the Tourism Promotions Board (TPB), strengthening efforts to attract more Korean visitors to the country ahead of 2026.
Meralco executives, together with Energy Secretary Sharon S. Garin, Energy Regulatory Commission chairman Francis Saturnino C. Juan, Quezon Province Governor Dr. Angelina D.L. Tan, and Mauban Mayor Erwin Dwight C. Pastrana led the ceremonial lighting on December 18, 2025.
A Washington, D.C.–based consulting firm is setting its sights on the Philippines’ eastern seaboard, with potential seaport development in Aurora now on its radar.