PH net IIP down to $34.1 billion in first quarter The country’s net international investment position (IIP) improved in the first quarter of the year with external liability position falling to $34.1 billion as of […]
Philippines plans $5 bln domestic borrowing in Q3 The Philippines’ Bureau of the Treasury said on Thursday it plans to raise as much as 270 billion pesos ($5 billion) from the sale of treasury bills […]
Filipinos to spend P121 billion online this year: PayPal Fifty-five percent of Filipinos expect to spend more online this year, with purchases made through electronic channels seen to reach P121 billion, a payment solutions firm […]
Global Ferronickel to raise over P500 million from share sale GLOBAL FERRONICKEL Holdings, Inc. (FNI) has priced its follow-on share sale at a discount, which will allow it to raise just over P500 million or […]
Alibaba Offshoot Trials First Blockchain Remittance to Philippines, Plans Global Expansion Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds, Bloomberg reports June 25. — Cointelegraph IFC to […]
Unido’s $202.61-million grant to help govt build ‘resilient’ communities The United Nations Industrial Development Organization (Unido) will extend $202.61 million worth of grants to the Philippines for the implementation of various projects and programs in […]
Philippines Jeepney Phase-out Gains Pace: Get on board a ‘Busney’ (video) To some they are a colourful symbol of the Philippines. To others they are an essential form of low-cost transportation. — AEC News Today […]
PHILIPPINES’ DUTERTE APPROVES $5.6 BILLION MILITARY UPGRADE BILL TO BOOST DOMESTIC, INTERNATIONAL SECURITY Philippines’ President Rodrigo Duterte has approved a $5.6 billion bill to upgrade the country’s outdated military equipment, some of which dates to […]
BOP gap breaches $2 billion, overshoots BSP target The country’s overall balance of payments (BOP) position incurred a deficit of $2.08 billion in the first five months, a dramatic rise from only $706 million in […]
Goodbye Panatag Shoal, Hello Huangyan Dao? (HD video) A ground-swell of discontent is gaining momentum in the Philippines to President Rodrego Duterte’s apparent preparedness to surrender control of Scarborough Shoal (Panatag Shoal or Bajo de […]
BSP revises FDI projection upward to $9.2 B The Philippines is seen booking over $9 billion worth of foreign direct investments (FDIs) this year amid the improving global perception of the country as an investment […]
TRAIN cash grants for 10-million poor families Malacañang announced Thursday that a cash grant of P2,400 will be distributed to 10 million poor families in July as part of the government’s unconditional cash transfer program […]