Philippines’ foreign reserves hit $112b in Sep. ’24
The Philippine foreign exchange reserves reached a new all-time high of $112.0 billion at the end of September…
Browsing Tag
Philippine
ADB maintains 6% growth forecast for Philippines in ’24
The Asian Development Bank (ADB) kept its growth forecast for the Philippine economy at six per cent for 2024 and…
Philippines’ total outstanding debt surges to 15.69t pesos in July ’24
Philippines' debt has surged to 15.69 trillion pesos ($276.84 billion) in July 2024, marking a 1.3 percent increase…
Philippine budget deficit narrows to $512m in July
The Philippine government's budget deficit in July 2024 decreased to 28.8 billion pesos ($512.22 million) from 47.6…
Philippines poverty rate drops to 10.9% in ’23 – report
The Philippine Statistics Authority (PSA) has reported on Thursday that the national poverty rate among families…
Philippine c. bank amends FX regulations
The Philippine central bank approved amendments to FX regulations, to facilitate timely reporting by banks for…
Philippines’ JFC to acquire S. Korea’s Compose Coffee for $340m
Philippine Jollibee Foods Corporation (JFC) is acquiring a 70 per cent stake in South Korea's Compose Coffee, for…
Japan’s MUFG to invest $195m in Thai fintech firm
Japan's Mitsubishi UFJ Financial Group will invest $195 million in Ascend Money to grow its footprint in Southeast…
IMF praises Philippine economic resilience despite challenges
The International Monetary Fund (IMF) praised on Monday the Philippine economy’s resilience despite global…
Philippine peso weakens as c. bank signals policy shift
The Philippine peso dipped to its lowest level against the US dollar since November 2022, reflecting a shift in the…
