Category : Headlines

Remittances grow to pre-pandemic levels in April

Remittances from overseas Filipinos (OFs) posted a double-digit climb in April to hit a better degree than seen even before the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) reported Tuesday.

PSEi continues winning streak for third straight session

Philippine share prices prolonged their profitable streak for the third consecutive trading day on Tuesday, because the easing of quarantine restrictions buoyed market optimism.

NEDA optimistic of economic recovery in Q2

Economic recovery is predicted in the second quarter as restrictions have been principally eased versus the identical interval last yr, the National Financial and Improvement Authority (NEDA) stated Tuesday.

DBM: Philippine fiscal deficit outlook revised upward to 9.3% of GDP

The Philippine deficit is more likely to widen further to 9.3% of the gross domestic product (GDP) this yr to account for extra funds from the 2020 price range and the Bayanihan I and II measures, the Department of Price range and Management (DBM) st...

Are we borrowing too much? DOF chief Dominguez explains

The Philippines current debt is excessive however “sustainable,” Finance Secretary Carlos Dominguez III stated on Monday night amid considerations concerning the nation s borrowing in the course of the coronavirus pandemic.

Peso extends losing streak vs. US dollar

The Philippine peso depreciated towards the US greenback on Monday to mark its fourth consecutive day of declines.

PSEi extends gains for second straight session

Philippine share prices climbed for the second consecutive session on Monday, following the drop in US bond yields.

Customs seizes P38-M smuggled cigarettes

The Bureau of Customs reported Sunday it has seized P38 million value of smuggled cigarettes on the Manila International Container Port (MICP).

ERC says power demand going back to normal

The present power demand is returning to normalcy regardless of present issues plaguing the facility provide system, Power Regulatory Fee chairperson Lawyer Agnes Devanadera stated Sunday.

G7 leaders commit to increasing climate finance contributions

G7 leaders will commit on Sunday to increase their local weather finance contributions to satisfy an overdue spending pledge of $100 billion a yr to help poorer nations minimize carbon emissions and deal with international warming.

G7 adopts global infrastructure plan in riposte to China

G7 leaders on Saturday adopted a rival plan to oppose China's Belt and Street Initiative by serving to construct infrastructure in poorer nations in a "values-driven, high-standard and transparent" partnership.

DPWH opens Sta. Monica-Lawton Kalayaan Bridge on Independence Day

The bridge connecting two main business facilities in Metro Manila has been officially opened for motorists on Saturday, June 12.

Foreign reserves down to $106.98B as of end-May --BSP

The Philippines overseas reserves declined to $106.98 billion as of end-Might this yr as the national government withdrew its deposits in the central financial institution to pay for its overseas currency-denominated obligations, the Bangko Sentral n...

Lopez: 22K workers to get back jobs as fitness centers reopen

No less than 22,000 staff are expected to regain their jobs with the reopening of gyms, health facilities, and other indoor non-contact sports activities amenities amid the COVID-19 pandemic, Commerce and Business Secretary Ramon Lopez stated Friday.

Pag-IBIG savings collection up to over P25B in 2021, CEO says

The Philippine Residence Improvement Mutual Fund (Pag-IBIG) has collected P25.88 billion in financial savings from its members this yr, which is 63 % greater compared to final yr's collection, its CEO Acmad Rizaldy Moti stated Friday.