March, 2025

• 24 March

  Dongfeng drives ‘Dreams Forward’

  

  Dongfeng Motors Philippines, under the distributorship of Legado Motors Inc., provided first-hand experience of its latest vehicle lineup to a group of media personalities as it reaffirmed Dongfeng’s commitment to innovation, advanced automotive technology, and the growing demand for sustainable and high-performance vehicles in the Philippines. With the theme “Dongfeng: Drive Your Dreams,” the drive showcased the brand’s diversity in …

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• 24 March

  Gov’t fast-tracks privatization of NP assets

  

  The government is accelerating efforts to generate non-tax revenues by expediting the privatization of non-performing assets, according to the Department of Finance (DOF). To streamline and speed up the process, the DOF has issued revised guidelines aimed at boosting revenue while creating investment opportunities for Filipinos. “Privatization of non-performing assets is among the strategic moves to raise much-needed revenues to …

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• 24 March

  March inflation seen dropping below 2%

  

  Inflation is expected to slow further to 1.9% in March, driven by improved weather conditions that boosted agricultural production, according to an economist. Rizal Commercial Banking Corporation chief economist Michael Ricafort said in a Viber message that inflation is projected to ease from 2.1% in February, falling below the Bangko Sentral ng Pilipinas’ (BSP) target range of 2-4%. “Better weather …

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• 24 March

  Creative economy expands by 8.7% in 2024

  

  The Philippines’ creative economy grew by 8.7% in 2024, reaching P1.94 trillion from P1.78 trillion in the previous year, according to the Philippine Statistics Authority (PSA). Preliminary data released last week showed that the sector contributed 7.3% to the country’s gross domestic product (GDP). The creative economy encompasses various industries, including audiovisual media, digital interactive services, advertising, research and development, …

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• 24 March

  NEDA Board okays P70.6-B for infra and economic dev’t

  

  The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., has approved P70.6 billion worth of projects aimed at enhancing infrastructure and economic development across the country. Among the approved projects is the P56.7-billion Panahon ng Pagkilos: Philippine Community Resilience Project (PCRP) by the Department of Social Welfare and Development (DSWD). Supported by the World …

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• 24 March

  Auto sales grow 2.9% in February

  

  Automotive vehicle sales in February saw a 2.9% increase, reaching 39,164 units compared to 38,072 in the same period last year, according to a joint report by the Chamber of Automotive Manufacturers Association of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA). The commercial vehicle segment was the primary driver of this growth, posting a 9.1% increase in …

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• 24 March

  SM Investments confident in Phl economic growth

  

  SM Investments Corp., the country’s largest mall operator, remains optimistic about the Philippines’ economic growth this year, reaffirming its commitment to expanding its retail, property, and financial services sectors. Erwin Pato, SM Investments’ Executive Vice President for Treasury, Finance, and Planning, emphasized that the Philippine economy’s consumption-driven nature aligns well with the company’s core businesses. With 70% of the country’s …

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• 24 March

  US firm signs accords to develop nuke workforce in Phl

  

  U.S.-based EōS Organization, a global leader in energy solutions, has signed two memoranda of understanding (MOUs) to support the development of the Philippines’ civil nuclear workforce. The agreements, signed Friday in Makati City, were made with the Philippine-American Educational Foundation (Fulbright Philippines), as well as the Mindanao State University-Iligan Institute of Technology (MSU-IIT) and the Valar Atomics Research Institute (VARI). …

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• 24 March

  BSP pushes for secure, inclusive digital finance

  

  Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. emphasized the need for strong partnerships with stakeholders to enhance the security, accessibility, and simplicity of the country’s digital financial ecosystem. Speaking recently, Remolona highlighted the importance of ensuring a safer digital space, citing the Anti-Financial Account Scamming Act (AFASA), which aims to combat fraud, scams, and fake accounts. The law’s …

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• 24 March

  BOP surplus at $3.1-B in February

  

  The Philippines’ balance of payments (BOP) swung to a surplus of $3.1 billion in February 2025, marking its highest level in five months, according to data released by the Bangko Sentral ng Pilipinas (BSP) recently. This surplus marks a sharp turnaround from the $196 million deficit recorded in the same month last year and is the biggest since the $3.52 …

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