Business

The Bangko Sentral ng Pilipinas (BSP) has revised its projections for the country’s balance of payments (BOP) surplus for 2024 and 2025, signaling continued resilience in the nation’s external financial position despite ongoing global uncertainties.  The BOP, which tracks a country’s economic transactions with the rest of the world, is now expected to record a surplus of USD3.5 billion in …

By Rose de la Cruz The Bangko Sentral ng Pilipinas has spent nearly P6 billion for the production abroad of polymer bank notes in P1,000; P500; P100 and P50 denominations, which also erased the memories of heroes who have shed their blood and lives for the independence and integrity of the country. Instead, the BSP has completely replaced them with …

ArenaPlus, the country’s 24/7 digital sports entertainment gateway, gifted Filipino fans with a special experience on December 23, 2024. Lucky fans got to video call with Reaves and even more got to chat and ask their favorite basketball star questions on life in the league, his experience in the Philippines, and his partnership with ArenaPlus. Reaves gave out lots of …

BingoPlus, the country’s premiere digital entertainment platform in the country, awarded one lucky player a brand-new car on November 22, 2024. The fortunate winner obtained the luxurious car during the BingoPlus Day campaign. A 5-month BingoPlus player finally had his moment of success, but still could not believe the moment he won the car. In a state of disbelief, the …

LANDBANK reaffirms its financial strength and stability, following the Bank’s P50-billion contribution to the Maharlika Investment Fund (MIF), and remains fully committed to its mandate as a reliable partner to the national government’s inclusive development agenda.   The state-run Bank has consistently met and exceeded the minimum requirements of the Bangko Sentral ng Pilipinas (BSP) for Capital Adequacy Ratio (CAR)—a critical …

SM Foundation continued its medical and dental missions across the country during the last quarter of the year to help ensure the well-being of beneficiaries in communities where SM businesses operate. From October to December, these medical and dental missions were conducted across the country in collaboration with local government units and partner organizations. Like prior SM Foundation medical and …

Aside from expanding its services and operations nationwide, J&T Express, one of the leading logistics and delivery service providers in the Philippines, continues to embody its care culture and Bayanihan spirit with the rollout of Christmas gift packages for its 60,000-strong service personnel this December. Following its string of activities supporting MSMEs and communities in need, the management spearheaded this …

The Department of Trade and Industry (DTI) has intensified its nationwide monitoring of rice prices to ensure that regular and well-milled rice remains affordable for Filipino families, priced between P40 and P45 per kilogram. In a statement released on Thursday, DTI Secretary Cristina Roque emphasized the significance of rice as a staple food for Filipino households. “We will not tolerate …

The government is looking to reduce its foreign borrowings to minimize exposure to foreign exchange risks, according to Department of Finance (DOF) Secretary Ralph Recto. In a recent briefing, Recto explained that while the government is considering various bonds such as Euro, Yen, Sukuk (Islamic bonds), and Dollar bonds, the aim is to limit foreign borrowings to a maximum of …

Consumer sentiment has improved and businesses are more optimistic in the fourth quarter, according to the latest results from the Bangko Sentral ng Pilipinas (BSP) Consumer Expectations Survey (CES) and Business Expectations Survey (BES). The CES, released late Thursday, showed a more favorable outlook among consumers, with the overall confidence index (CI) improving to -11.1 percent in the fourth quarter …