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Friday, 07 November 2025, 1:17 pm

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    Slower growth projected this year under latest WEO iteration

    Top News Context.ph Context.ph -
    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).

    BSP OKs $3.81B public sector foreign borrowings for Q3 2024

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    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.

    PCC approves joint venture for Sangley Point Int’l Airport

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    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).

    Recto to chair G-24 meeting in Washington

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    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.

    Report: PH lost $8.1B to online scams in 2024

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    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.
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    Asiabest Group board approves valuation for target acquisitions

    Corporate 0
    Listed firm Asiabest Group International, Inc. (ABG) has approved the valuation of three companies it plans to acquire as part of its expansion program.

    Banks post steady growth, solid profits — BSP

    Banking & Insurance 0
    The Bangko Sentral ng Pilipinas (BSP) said the country’s banking sector remained strong and stable in the first half of 2025, backed by steady asset growth and solid profits.

    Gold price rally drives 68% income rise for OGP

    Corporate 0
    OceanaGold (Philippines) Inc. (OGP) reported a 67.8 percent surge in net income for the first nine months of 2025, reaching $49 million from $29.2 million a year earlier, driven by record-high gold prices.

    Gov’t eyes nuclear in power mix by 2032

    Energy 0
    The Department of Energy (DOE) has reaffirmed the target to integrate nuclear power into the country's energy mix by 2032, while advancing renewable energy (RE) development through more than 10,000 megawatts (MW) of new capacities under the fourth round of the Green Energy Auction (GEA 4).

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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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    Government bracing for TC Uwan

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    The government is bracing as Tropical Cyclone Uwan (International name: Fund-Wong) barrels toward Central and Northern Luzon, rapidly intensifying and expected to hit super typhoon strength when it makes landfall on Saturday with sustained winds over 205 kilometers per hour, rivaling Typhoon Yolanda. Stretching 1,400 kilometers across, Uwan threatens Metro Manila, all of Luzon, and parts of the Visayas, with 200 to 400 millimeters of rain in just 24 hours. Some 61.6 million people live in its path, including 5.7 million in coastal zones. Authorities have placed disaster and relief teams on full alert, preparing evacuation centers, emergency supplies, and rapid-response units to mitigate flooding, power outages, and other risks from what could become one of the most severe storms in recent history.
    Corporate

    Asiabest Group board approves valuation for target acquisitions

    0
    Listed firm Asiabest Group International, Inc. (ABG) has approved the valuation of three companies it plans to acquire as part of its expansion program.
    Banking & Insurance

    Banks post steady growth, solid profits — BSP

    0
    The Bangko Sentral ng Pilipinas (BSP) said the country’s banking sector remained strong and stable in the first half of 2025, backed by steady asset growth and solid profits.
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