Consumers filling up their vehicles with gasoline products will feel very slight pinch on their pockets this week as the price of this commodity will rise by P0.10per liter; while diesel users will be luckier with P0.10 per liter rollback for the product. Meanwhile, for kerosene products which is a...
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 Philippines’ total external debt (EDT) rose by $14.1 billion or by 12.7 percent to $125.4 billion in 2023 from the end-2022 level of $111.3 billion, driven by net availments of $9.2 billion, bulk of which were net borrowings by the national government. The Bangko Sentral ng...
Remittances up 2.7% to $3.15 B in January Personal remittances from Overseas Filipinos (OFs) went up 2.7 percent to $3.15 billion in the first month of 2024 from the $3.07 billion registered in the same month last year. The Bangko Sentral ng Pilipinas said the increase in personal remittances in...
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 Bangko Sentral ng Pilipinas (BSP) has again ordered banks and other BSP-supervised financial institutions (BSFIs) to place the Philippine identification card (PhilID) at the top of the list of acceptable valid IDs as it is the official government-issued ID. In a statement, the BSP said all...
The Financial Stability Coordination Council (FSCC) sees substantial refinancing of maturing corporate bonds and loans this year as it weighs the impact of 'fresh uncertainties' overseas on the domestic economy. FSCC is an inter-agency council where the principals from the Bangko Sentral ng...
House Majority Leader and Zamboanga City 2nd District Rep. Manuel Jose "Mannix" Dalipe answering questions during a press conference (Dexter Barro II/MANILA BULLETIN) Majority Leader Rep. Manuel Jose “Mannix” Dalipe has encouraged his fellow...
Despite a strong 29.9 percent increase in foreign direct investment (FDI) in December 2023, the country’s full-year 2023 FDI net inflows reached only $8.9 billion, a 6.6 percent decline, from the $9.5 billion net inflows recorded in 2022, data from the Bangko Sentral ng Pilipinas (BSP)...
Motorists will have slight relief in their pockets this week as the price of gasoline products will be on P0.50 per liter rollback; while diesel prices will be pared by P0.25 per liter, according to the pricing advisories of the oil companies. Additionally, for kerosene which is a vital commodity...
House Speaker Martin Romualdez distributes rice to Oriental Mindoro residents (Speaker’s office) Where House Speaker Martin Romualdez goes, a distribution of cash aid, rice, and scholarship grants usually follow. The Bagong Pilipinas Serbisyo Fair...
House Speaker Martin Romualdez (Facebook) House Speaker Martin Romualdez has vowed to continue leading the Bagong Pilipinas Serbisyo Fair (BPSF) in different parts of the archipelago despite the negative comments that he has heard about it. ...
