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Downtrending FDI levels seen reversing over near horizon
The Bangko Sentral ng Pilipinas (BSP projects a reversal in foreign direct investment (FDI) flows that have trended lower in recent months, resulting in...
Foreign debt rises 10.4% at end-June to US$117.92 billion
The country's foreign debt stood at US$D130.18 billion as of end-June 2024, up by US$D1.49 billion or 1.2 percent from the USD128.69 billion as of end-March 2024.
Philippines affirms infrastructure, resilience commitment at World Planning Congress
The Philippine government reinforced its commitment to improving infrastructure, advancing social development, and boosting community resilience at the 60th World Planning Congress, with Economic Planning Secretary Arsenio M. Balisacan highlighting the crucial role of strategic development planning in achieving the national long-term vision dubbed Ambisyon Natin 2040.
Foreign direct investment falls 29 percent in June to USD394M—BSP data
Foreign direct investments in June declined 29 percent to USD394 million from USD555 million in the year-earlier period, data from the Bangko Sentral ng Pilipinas showed.
Higher transmission charge pushes Meralco rates higher in September
The Manila Electric Co., the largest power distribution company in the country, said Wednesday electricity rates in September will increase mainly due to a higher transmission charge.
