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Remittances from overseas Filipinos hit $2.7-B in May

Manila, July 15 -- Money sent home by overseas Filipinos continued to grow, reaching USD2.71 billion in May this year, according to Bangko Sentral ng Pilipinas (BSP) data. Preliminary data released b... Read More


LandBank extends P4-B loan to Citicore Renewable Energy Corp.

Manila, July 15 -- State-owned Land Bank of the Philippines (LandBank) and Citicore Renewable Energy Corporation (CREC) signed a PHP4.05-billion project finance loan facility agreement to accelerate t... Read More


PH secures $6.8-M grant to boost climate investments

Manila, July 15 -- The Green Climate Fund (GCF) extended a USD6.78 million grant to help the Philippines implement climate investments that will protect communities from the impacts of climate change,... Read More


SUCs key to turning research into jobs, growth - DEPDev

Manila, July 14 -- State Universities and Colleges (SUCs) must play a bigger role in transforming research into real-world solutions that create jobs and better lives for Filipinos, the Department of ... Read More


BTr rejects bids for reissued T-bonds

Manila, July 14 -- The Bureau of the Treasury (BTr) fully rejected on Tuesday all bids for the reissued seven-year Treasury bond (T-bond) amid higher bid yields. With a remaining term of seven years ... Read More


PH banking system's total assets tops P30-trillion mark anew in May

Manila, July 14 -- Total assets of the Philippine banking system went up by over 11 percent in May this year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Latest data showed that the banki... Read More


Inflation eases to 6.4% in June

Manila, July 7 -- Headline inflation slowed for the second consecutive month, settling at 6.4 percent in June this year from 6.8 percent in May due to easing oil price pressures and government measure... Read More


PH factory output grows in May

Manila, July 7 -- Factory output in the Philippines continued to expand in May, but growth in both production volume and value lost momentum from the previous month, the Philippine Statistics Authorit... Read More


Whole price index slows in May

Manila, July 2 -- Wholesale prices slowed down in May this year, mainly driven by easing price increases across several commodity groups, the Philippine Statistics Authority (PSA) said. PSA data rele... Read More


Go vows to build on econ gains for progress to reach more Filipinos

Manila, July 2 -- Government reforms to strengthen the country's economic fundamentals helped the Philippines achieve its upper-middle income country (UMIC) status, Finance Secretary Frederick Go said... Read More