Tourist arrivals in the Philippines surged by 14 percent year-on-year in the first five months of this year, reaching 2.56 million, despite a double-digit decline in the arrivals of Filipinos living overseas, based on data from the Department of Tourism.
The National Food Authority (NFA) has purchased 3.32 million 50-kilo bags of palay as of 5 June this year of which over 3.17 million bags were purchased from rice farmers the past six weeks.
Fitch Ratings has kept the country's standing as an investment grade issuer or one whose sovereign debt is rated a triple B or BBB, the Bangko Sentral ng Pilipinas said.
Monetary board member Anita Linda Aquino, just under four years as member of the policy-making body of the Bangko Sentral ng Pilipinas, has resigned in the wake of a scandal involving ghost central bank employees.
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s shelf registration for up to P100 billion in fixed-rate bonds over three years, the company said following the SEC's en banc approval.
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is urging clients to adopt a conservative investment strategy focused on short-term, low-risk instruments such as government securities, citing current economic uncertainty and high yield levels.
The Philippine National Railways (PNR) has completed the restoration of the Binahan Bridge in Ragay, Camarines Sur, nearly two months after Typhoon Kristine caused extensive damage. The bridge's repair is a key milestone in the broader effort to rehabilitate and expand rail services across Southern Luzon.
The country's external debt climbed to US$146.74 billion as of end-March 2025, marking a 6.6 percent increase quarter-on-quarter and 14 percent rise year-on-year, according to the Bangko Sentral ng Pilipinas (BSP).