Implementing government projects aimed at giving immediate relief to Filipinos such as zero-balance billing in hospitals, P20 per kilo of rice, and discounted train fares are not intended to win the public 's trust and approval, President Marcos said. In his recent podcast episode, Marcos...
Healthcare-related expenses remain a major cause of debt and poverty among Filipinos. As part of the government’s push for universal healthcare, the Department of Health (DOH) implements the “zero balance billing” policy—a program that aims to provide completely free hospitalization for...
President Marcos has declared that patients admitted in Department of Health (DOH) hospitals will no longer have to pay for their bills. "Ito po – itinuloy na po natin ang zero balance billing. Libre po (Here it is – we have continued the zero balance billing. It’s free)," Marcos...
The Department of Justice (DOJ) has filed criminal charges against popular footwear brand World Balance and its corporate officers for an alleged ₱178.8 million in basic tax deficiencies, a result of the company 's use of fictitious receipts from ghost companies. In a statement on Monday,...
The reversal of the Philippines’ balance of payments (BOP) position to a surplus in June brought down the country’s BOP deficit by 3.5 percent to $5.6 billion in the first six months of 2025. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the BOP, which reflects the country’s ...
After swinging to a $3-billion deficit in the first quarter, the Philippines’ balance of payments (BOP) is projected to more than double at $6.3 in the second quarter of the year, marking its widest shortfall in more than four years since the $9.14 billion posted in the last quarter of 2020, the...
The Philippines’ balance of payments (BOP) swung to a $298-million deficit in May, a reversal from the billion-dollar surplus a year ago, as the government drew down its dollar reserves to pay foreign debts. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s BOP, which...
A wider current account deficit drove the Philippines’ balance of payments (BOP) position from a $238-million surplus in the first quarter of 2024 to a $3-billion deficit in the same period this year, according to the central bank. For the January-to-March period, the country’s current account...
The Philippines’ balance of payments (BOP) deficit widened to $2.6 billion in April 2025, driven mainly by a larger trade in goods deficit and the government’s withdrawal of US dollar stock to settle foreign debt payments. According to the Bangko Sentral ng Pilipinas (BSP), the deficit in April...
Today, New Balance announces Grey Days, a month-long celebration of its signature color. Grey Days is an homage to everything New Balance represents—bringing together the brand’s family of ambassadors and athletes for a range of special-edition products, events, and stories. Originally...
The country's financial transactions with the rest of the world registered a deficit in March this year due to the national government meeting its obligations for overseas debts and the central bank's activities in the foreign exchange market. The Bangko Sentral ng Pilipinas (BSP) reported on...
Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
