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Ph foreign debt remains prudent
The country's foreign currency denominated debt total USD125.4 billion as at end-December 2023, higher by USD6.6 billion or 5.5 percent more than three months earlier.
Philippines gets $5-B investment pledges from German, US companies
The Philippines secured about $5 billion worth of investment pledges from German and American firms this week in sectors such as healthcare and energy, potentially big wins for the country as it competes with others in the region for foreign capital.
Trade deficit narrows in January to USD4.22 billion as exports rise
The country's trade deficit in January narrowed to USD4.22 billion from USD5.56 billion in the year-earlier period, helped by the increase in exports and the decline in imports.
Domestic air travel finds its wings again
The Philippine air travel industry soared in 2023, with passenger numbers returning to pre-pandemic levels, according to the Civil Aeronautics Board (CAB).
Second failed bidding permits negotiated Meralco purchase of 260-MW for peaking purposes
The Manila Electric Co. (Meralco) has declared the second attempt at bidding its 260-megawatt requirement for peaking purposes in the hot months ahead a failure.
