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Trade deficit widens in July
The trade imbalance widened further in July to USD4.9 billion from only USD4.1 billion a year ago as the economy bought far more foreign goods than it sold in world markets during the period, the Philippine Statistical Authority reported on Tuesday.
SMC to focus on current airport concessions, won’t pursue new projects
San Miguel Corp. will not actively seek new airport projects in the foreseeable future, according to the conglomerate’s chairman and chief executive officer Ramon Ang.
End-August GIR rises to US$106.9 billion
The country’s gross international reserves (GIR), important in measuring a country's capacity to pay external obligations, rose to USD106.9 billion as of end-August 2024, according to the Bangko Sentral ng Pilipinas (BSP).
South Korea headlines 10% tourist arrivals growth over 8 months
Tourist arrivals in the Philippines reached 4.03 million in the first eight months of 2024, a 10 percent growth from the same period last year. South Korean visitors accounted for a significant portion of this influx, making up 26 percent of total arrivals.
Unabated urbanization, not quarrying, to blame for perennial flooding in Metro Manila – DENR
For the nth time, the Department of Environment and Natural Resources (DENR) ruled out quarrying as the root cause of perennial flooding of the Marikina River Basin, an all too often event that directly inconveniences the lives of people in Metro Manila and Rizal province.
