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Recto vows to ensure gov't financial institutions' good fiscal footing

Manila, June 2 -- The Department of Finance (DOF) is ensuring the sound fiscal health of government financial institutions (GFIs) by regularly convening the Asset Liability Management Committee (ALCO)... Read More


PH-World Bank partnership aligned with PBBM goals for growth

Manila, June 2 -- The 2026-2031 Country Partnership Framework (CPF) recently approved by the World Bank Group (WBG) aligns closely with President Ferdinand R. Marcos Jr.'s development agenda focused o... Read More


BPI's P10 reduced InstaPay fee now permanent

Manila, June 2 -- Bank of the Philippines (BPI) said the PHP10 reduced InstaPay transfer fee will become a permanent feature for inter-bank fund transfers made through the BPI app and BPI online. Thi... Read More


Recto secures P15-B from France to accelerate PH climate actions

Manila, June 2 -- Finance Secretary Ralph Recto secured 250 million euros (PHP15.79 billion) concessional funding from France, through the Agence Francaise De Developpement (AFD), to help advance the ... Read More


Trade gap narrows in April

Manila, May 30 -- The country's trade deficit narrowed by over 26 percent in April this year as exports grew while imports declined. Data released by the Philippine Statistics Authority (PSA) on Frid... Read More


Producer price index growth slows in April

Manila, May 30 -- The growth of the producer price index (PPI) for manufacturing slowed to 0.1 percent in April this year from 0.6 percent in March, the Philippine Statistics Authority (PSA) said Frid... Read More


New law to encourage ordinary Filipinos to invest in capital markets

Manila, May 30 -- Finance Secretary Ralph Recto said the enactment of Republic Act (RA) 12214 or the Capital Markets Efficiency Promotion Act (CMEPA) would encourage ordinary Filipinos to invest in th... Read More


Converge to open 2 new data centers this year

Manila, May 30 -- Fiber broadband and technology services provider Converge ICT Solutions Inc. said it is on track to activate two new data centers and two international cable systems this year. "Thi... Read More


BSP projects May 2025 inflation at 0.9% to 1.7%

Manila, May 30 -- The Bangko Sentral ng Pilipinas (BSP) is projecting May 2025 inflation to settle within the 0.9 percent to 1.7 percent range. If the lower end of the projection is realized, the inf... Read More