Philippines posts $226 mln balance of payment surplus in June
MANILA - The Philippines' overall balance of payments (BOP) position was a surplus of $226 million in June after a deficit of $298 million...
‘Business as usual’ in Taiwan’s Silicon Valley amid China threats
HSINCHU CITY, Taiwan — Clusters of unobtrusive buildings greet you when you enter Hsinchu Science Park (HSP), also known as the heart of Taiwan’s Silicon Valley. Outside these modern buildings, there’s little indication that the world’s most important chips are being manufactured inside.
External debt service burden rises to nearly $5B at end-April
THE PHILIPPINES’ external debt service burden rose to nearly $5 billion at end-April due to higher amortization payments, preliminary data from the Bangko Sentral...
US tax to cut PHL remittance growth
THE UNITED STATES’ remittance tax could trim the Philippines’ remittance growth by 0.5 percentage point (ppt), the Bangko Sentral ng Pilipinas (BSP) said.https://www.bworldonline.com/top-stories/2024/08/30/616982/govt-raises-2-5b-from-global-bonds/
PHL eyes zero tariffs on some US goods
THE PHILIPPINES is open to lowering duties on selected imports from the US to zero as part of tariff negotiations with Washington, Finance Secretary Ralph G. Recto said.
Philippines’ Marcos to meet Trump hoping to secure trade deal
WASHINGTON/MANILA - Philippine President Ferdinand Marcos Jr. meets US President Donald Trump this week, hoping Manila's status as a key Asian ally will secure...
CMEPA seen to boost PERA adoption among Filipinos
THE Securities and Exchange Commission (SEC) expects more Filipinos to grow their retirement funds under the Personal Equity and Retirement Account (PERA) with the...
InstaPay, PESONet transactions increase by 40% in first 6 months
THE VALUE of transactions conducted via InstaPay and PESONet jumped by 39.5% year on year in the first half of the year, the latest data from the Bangko Sentral ng Pilipinas (BSP) showed.
Marcos seeks support from semiconductor execs ahead of Trump meeting
PHILIPPINE President Ferdinand R. Marcos, Jr. is set to meet with top executives of US semiconductor companies this week as he seeks to further...
PHL eyes P200-B RTB offer in Q3
THE GOVERNMENT is planning to raise P200 billion from its first retail Treasury bond (RTB) offering this year, which it could launch within this...
Philippines set for first coal power decline in 17 years amid rising LNG use
SINGAPORE - The Philippines is on track for an annual decline in coal-fired electricity output for the first time in nearly two decades, an...
TIEZA books P192-million investment commitments as of July
THE TOURISM Infrastructure and Enterprise Zone Authority (TIEZA) said it has secured P192.3 million worth of investments so far this year.