Net FDI balloons to $907M in Jan
NET foreign direct investments (FDI) surged in January, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, growing by 89.9 percent to $907 million from $478 million a year earlier.
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DBM chief: Government can’t afford wage subsidies
MANILA, Philippines — With its “limited fiscal space,” the government is unlikely to find the resources to subsidize minimum wage earners, Budget Secretary Amenah Pangandaman said yesterday, as she warned that pushing through with such a subsidy would undermine consolidation efforts as well as the delivery of other social services.
‘Now is best time for PAL to sell’
MANILA, Philippines — This is the best time for flag carrier Philippine Airlines (PAL) to sell a portion of the company, as investors are attracted to buy into it with travel and tourism picking up momentum, according to analysts.
BOP swings to deficit in January
MANILA, Philippines — The country’s balance of payments (BOP) swung to a deficit of $740 million in January, the highest in almost a year, as the government paid its foreign currency debt obligations.
Foreign investment pledges more than double
MANILA, Philippines — Foreign investment pledges approved by investment promotion agencies (IPAs) surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority (PSA).
Peso gains vs dollar; stock market takes a breather
THE peso regained ground on Wednesday, but the stock market ended flat with investors said to have taken a breather.
BoP deficit narrows; reserves hit $102.7B
The Philippines' balance of payments (BoP) position hit a deficit of $216 million in November as the government paid off foreign debt, the Bangko Sentral ng Pilipinas (BSP) said late on Tuesday.