The economy is projected to expand at the rate of 5.8 percent this year in terms of the gross domestic product, according to the International Monetary Fund in its latest iteration of the World Economic Outlook (WEO).
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas has approved USD3.81 billion in foreign borrowings for the public sector during the third quarter of 2024, marking a 36 percent increase from the USD2.81 billion approved in the same period last year.
The Philippine Competition Commission (PCC) has approved a joint venture between the Cavite provincial government and a consortium including Cavitex Holdings, Inc. and House of Investments, Inc. to develop the USD11 billion Sangley Point International Airport (SPIA).
The Intergovernmental Group of Twenty-Four (G-24) will convene under the chairmanship of Finance Secretary Ralph Recto of the Philippines to address pressing international monetary and development finance issues.
The Philippine economy lost an estimated USD8.1 billion, around 1.9 percent of gross domestic product, through online scams despite growing awareness among Filipinos, the 2024 State of Scams in the Philippines report showed.
The Japan Coast Guard (JCG) has provided new capacity building support to the Philippine Coast Guard (PCG) through a week-long Towing Operation Training held recently as part of Japan’s official development assistance (ODA) program.
The country's metallic mineral production surged by 22.8 percent year-on-year in 1Q 2025, reaching ₱63.88 billion, driven primarily by strong gold, silver, and iron ore output, according to the Mines and Geosciences Bureau (MGB).
The Securities and Exchange Commission (SEC) has revoked the corporate registration and secondary license of 56 lending and financing companies for repeated failure to comply with mandatory reportorial requirements, marking a continued regulatory crackdown on errant financial entities.
The Department of Agriculture's Bureau of Animal Industry (BAI) and its Negros Island Regional Field Office (DARFO-NIR) confirmed the ongoing coordination with the Department of Health (DOH) following the confirmation of human melioidosis cases in Siquijor.