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 ended 2024 with a lower net international investment position (IIP) of $65.5-billion net external liability, as foreign investments in the country declined faster than its assets abroad. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed that the end-December’s net...
Senator Juan Edgardo “Sonny” Angara on Friday, June 30 said he is confident President Ferdinand “Bongbong” Marcos Jr. has plans to further promote the Philippines as a potential destination for foreign investments in the next five years. ...
The Governance Commission for Government-Owned or-Controlled Corporations (GCG) initiated a dialogue with the Clark Development Corp. (CDC) to come up with an amicable solution to the Compensation and Position Classification System (CPCS). In a statement, Alex L. Quiroz, GCG chairperson said they...
The Governance Commission for GOCCs (GCG) has assured government workers of an amicable resolution on issues raised in line with the implementation of the Compensation and Position Classification System (CPCS). In a statement, GCG reiterated its steadfast commitment of staying true to its mandate....
The national government’s budget deficit rose by more than half in October due to higher public spending that outpaced its strong revenue growth, the Bureau of the Treasury reported. The Treasury bureau said on Friday, Nov. 25, that the Marcos administration incurred a P99.1 billion fiscal...
SAN PEDRO, Laguna--Davao City Mayor Sara Duterte said she will leave it up to "Apo BBM" as to whether or not she would handle a Cabinet position during her potential tenure as vice president. Vice presidential candidate Davao City Mayor Sara Duterte addresses the crowd at JAM Compound in San Pedro,...
Team Sulong New Paranaque kicked off its campaign for the May elections with a Holy Mass at San Antonio De Padua Church before hitting the ground running. The team, headed by Mayor Edwin Olivarez who is on his last term as city mayor and now seeking a congressional post for the first district of...
President Duterte has named former Cabinet Secretary Karlo Nograles as the new chairman of the Civil Service Commission (CSC), leaving his three posts in Malacañang vacant, including the post of the presidential spokesperson. President Duterte swears in former Cabinet Secretary Karlo Nograles as...
If elected president, Ferdinand “Bongbong” Marcos Jr. said Wednesday, Jan. 19, he will not appoint anyone in a government position based on "utang na loob" or debt of gratitude), especially if he or she is not an expert in the field. Marcos Jr. said he might rather designate a political rival...
HOTSPOT Tonyo Cruz Leni Robredo is in a unique position among all presidential candidates. She is not just a candidate. She is the incumbent vice president. The Constitution provides that if the president dies, resigns or is removed from office, the vice president takes over the presidency and its...
