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...
More money is expected to flow out of the Philippines over 2025 and 2026, as the country is projected to import more than it exports and the services sector is seen to underperform, according to the Bangko Sentral ng Pilipinas (BSP). “The Philippine balance of payments (BOP) position is projected...
Apart from being a DJ, Bigboy Cheng is known for his vast collection of toys, art, and sneakers. The latter is something he is particularly passionate about, and over the years, his label, Secret Fresh, has collaborated with many brands, putting creative twists on shoes and apparel. Bigboy Cheng...
San Juan City Mayor Francis Zamora led the distribution of Makabagong San Juan World Balance customized shoes to San Juaneño public servants. (Photo by Santi San Juan) San Juan City Mayor Francis Zamora on Friday, Jan. 24, led the distribution of customized World Balance rubber shoes to San...
TAIPEI – The Philippines is successfully leveraging on its economic advantage as its export to Taiwan posted substantial growth of 27.38% in this year’s first quarter for an aggregate value of $720.80 million, according to the Philippine Trade & Investment Center (PTIC) here. Conversely,...
The Philippines posted a lower balance of payments (BOP) surplus of $1.441 billion as of end-June amid a narrowing trade deficit and net inflows registered by the central bank. Based on the latest data from the Bangko Sentral ng Pilipinas (BSP) released Friday, July 19, the first semester BOP tally...
A surge in imports led to the country’s trade deficit reaching its highest level since November last year, preliminary data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report released on Tuesday, June 11, the gap in the trade balance, or the difference between the...
The Philippines’ current account deficit shrank by 38.6 percent to $11.2 billion last year (equivalent to -2.6 percent of the country’s gross domestic product) from P$18.3 billion in 2022 (equivalent to -4.5 percent of the country’s GDP) The Bangko Sentral ng Pilipinas said “The lower...
The country’s balance of payments (BOP) is seen to register a slight surplus this year, but will reverse into a deficit in 2025, based on the latest projections approved by the Monetary Board that incorporate most recent data and developments. “The emerging external outlook for 2024 and 2025 is...
The Philippine Statistics Authority (PSA) reported that country's trade deficit widened in November last year due to the significant decline in exports and a rise in imports. Preliminary data from the PSA showed that the trade in goods resulted in a deficit of $4.7 billion in November, an increase...
(PhilHealth) AGRI Party-list Rep. Wilbert T. Lee has vowed to continue advocating for no balance billing (NBB) amid the Philippine Health Insurance Corporation's (PhilHealth) announcement that it would be increasing members' benefits by as much as 30...
