Philippines

BoP position swings to $3.1&billion surplus in Feb. thumbnail
OFW Today

BoP position swings to $3.1&billion surplus in Feb.

THE PHILIPPINES’ balance of payments (BoP) position swung to a surplus in February, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday. By...

BSP rate cut likely in April — Recto thumbnail
OFW Today

BSP rate cut likely in April — Recto

FURTHER monetary easing will be necessary to support economic growth, Finance Secretary Ralph G. Recto said, adding that there is a high likelihood...

From trends to trash: How our choices impact sustainability thumbnail
OFW Today

From trends to trash: How our choices impact sustainability

By Mon Abrea The Philippines is not exempt from the global dilemma of fashion-driven waste and environmental damage. A recent study revealed that...

PFA brings Franchise Negosyo regional event to Tuguegarao thumbnail
OFW Today

PFA brings Franchise Negosyo regional event to Tuguegarao

The Philippine Franchise Association (PFA) is set to bring the Franchise Negosyo Para Sa Region II to SM City Tuguegarao on March 21-22,...

Toyota Motor Philippines inspires racers to push their limits through TOYOTA GAZOO Racing Academy thumbnail
OFW Today

Toyota Motor Philippines inspires racers to push their limits through TOYOTA GAZOO Racing Academy

Leading mobility company brings motorsports closer to Filipinos through racing school Toyota Motor Philippines (TMP) recently held the TOYOTA GAZOO Racing Academy Philippines...

Production value thumbnail
OFW Today

Production value

With car sales expected to top 500K units this year, local auto manufacturing should be pursued with vigor THE PHILIPPINE government is intent...

PHL services trade slumps in 2024 — BSP thumbnail
OFW Today

PHL services trade slumps in 2024 — BSP

THE PHILIPPINES’ services trade slumped in 2024 as exports grew at a much slower pace than imports, data from the Bangko Sentral ng...

PDIC eyes new assessment system for banks to deter risky lending behavior thumbnail
OFW Today

PDIC eyes new assessment system for banks to deter risky lending behavior

THE PHILIPPINE Deposit Insurance Corp. (PDIC) wants to introduce a risk-based assessment system to prevent banks from taking on too much leverage following...

NG debt service bill surges to P2.02&T in 2024 thumbnail
OFW Today

NG debt service bill surges to P2.02&T in 2024

THE NATIONAL GOVERNMENT (NG) debt service payments surged to P2.02 trillion in 2024 as both interest and amortization payments increased, the Bureau of...

External debt up 10% as of end&2024 thumbnail
OFW Today

External debt up 10% as of end&2024

THE PHILIPPINES’ outstanding external debt rose by nearly 10% year on year as of end-2024, the Bangko Sentral ng Pilipinas (BSP) said. By...