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...
The Bangko Sentral ng Pilipinas (BSP) and state-run Philippine Amusement and Gaming Corp. (PAGCOR) on Monday both issued alerts against scammers on instant messaging sites as well as social media. In a statement, the BSP warned against fraudulent Viber messages using the photo of Deputy Governor...
The Philippine banking system’s gross non-performing loan (NPL) ratio dropped to its lowest level in three months, as robust growth in total bank lending helped offset a slower rise in soured loans. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking industry’s...
The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s...
Navotas Rep. Toby Tiangco, Alyansa para sa Bagong Pilipinas campaign manager, has no one to blame but himself in the poor performance of the Marcos administration’s senatorial bets in the recently held 2025 midterm polls, former vice presidential spokesman Barry Gutierrez said on Sunday, May 18. ...
Following the proclamation of the 12 new senators, President Marcos said it was time to move past the midterm elections and shift efforts toward promoting his administration’s development agenda. President Ferdinand 'Bongbong ' Marcos Jr. (Malacañang photo) In a speech delivered...
Vice President Sara Duterte said there’s no other person to blame for the poor performance of Alyansa Para Sa Bagong Pilipinas senatorial bets in the recently concluded midterm elections but President Marcos himself. President Ferdinand 'Bongbong ' Marcos Jr. and Vice President Sara...
While the transmission of key interest rate cuts to lending rates remains uneven in the Association of Southeast Asian Nations (ASEAN), Japanese investment bank Nomura noted that this connection has massively improved in the Philippines. “Relative to the previous cutting cycle, the pass-through...
In the aftermath of the midterm election that showed surprising upsets—and despite the prevailing uncertainty surrounding the United States’ (US) tariffs—the domestic market is gearing up for a possible interest rate cut by the Bangko Sentral ng Pilipinas (BSP). Talks going around the market...
In celebration of the International Day of Families on Thursday, May 15, the Department of Social Welfare and Development (DSWD) launched a new digital platform designed to match Filipino families with appropriate government programs and services. DSWD Secretary Rex Gatchalian, who also chairs the...
Efforts by supporters of former President Rodrigo Duterte to disrupt overseas remittance flows through a self-declared “no remittance week” in March failed to dent inflows, as cash sent home by Filipinos rose by 2.6 percent that month, data from the Bangko Sentral ng Pilipinas (BSP) showed....
Larga Pilipinas makes its grand return with elite cyclists taking on the mountains of Cordillera in a six-stage tournament tipped to bring more color and competitiveness to the already flourishing sport in the country. Slated from Aug. 2 to 7 and sanctioned by PhilCycling, Larga Pilipinas has six...
