The National Government added in the first three months of this year a total P309.45 billion to its outstanding debt, pushing the total to P14.93 billion, up 2.1 percent from December and 7.2 percent from the end of March 2023.
Agricultural loans and services as percent of the banks' loan portfolio in 2022 widened to 18.1 percent from only 17.6 percent in 2021, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Palay production in the first quarter was down 1.97 percent to 4.69 million metric tons, the latest estimate of the Philippine Statistics Authority showed.
The Manila Electric Co. (Meralco) is pursuing a pre-feasibility study with American firm Ultra Safe Nuclear Corp. to develop the technology for a micro-modular reactor the country can use before 2028.
Inflation across the Philippines is forecast to range as low as 3.5 percent but should not top 4.3 percent in April in latest simulations conducted by the Bangko Sentral ng Pilipinas (BSP).
The Board of Investments (BOI) has approved P977 billion worth of investment projects year to date, signaling robust investor confidence and reinforcing the Philippines’ push to become a regional hub for smart and sustainable investments.
The Department of Transportation (DOTr) has ordered the Maritime Industry Authority (MARINA) to speed up the deployment of additional passenger ships at Lucena ports to uuuaddress the growing number of travelers heading to Romblon for Christmas.
The Department of Education (DepEd) and the Integrated Philippine Association of Optometrists, Inc. (IPAO) have launched the National Vision Screening Program (NVSP), which requires vision checks for all kindergarten learners nationwide.