Cash remittance expansion in May 2023 was due to the growth in receipts from land- and sea-based workers, according to the Bangko Sentral ng Pilipinas. PHOTO COURTESY OF ABS-CBN NEWS

Cash remittances hit $2.49B in May – BSP

CASH remittances coursed through banks reached $2.49 billion in May this year, higher by 2.8 percent compared to the same period last year, Bangko...

Globe At Home GFiber Prepaid advances digital access and literacy

Recognizing the crucial role that internet access and digital literacy play in socio-economic development, Globe is committed to bridging the digital divide in the...
The Pagudpud wind farm in Pagudpud, Ilocos Norte is the biggest wind farm in the country. LEILANIE ADRIANO FILE PHOTO

Wind, solar dominate indicative power projects until 2028

WIND and solar energy projects are dominating the indicative power projects from 2023 to 2028, reflecting the impacts of the government measures to shift...
Photo courtesy of University of San Agustin-Iloilo/Facebook

USA celebrates 119th Founding Anniversary: Honoring a Legacy of Excellence

THE University of San Agustin (USA) commemorated its 119th Founding Anniversary on July 15, 2023. Since its establishment in 1904, USA has a rich...
Finance Secretary Benjamin Diokno (sitting, 3rd from left) says Canada may benefit from the recent liberalization of the Philippines’ renewable energy sector. DEPARTMENT OF FINANCE/HANDOUT PHOTO

PH economic managers woo Canadian investors

PHILIPPINE economic managers encouraged Canadian investors to explore investments in the Philippines. Economic managers in particular made a pitch for collaboration in the energy business,...
The electronics sector continues to be the Philippines' biggest export, accounting for 57.5% of total exports in May this year. AFP FILE PHOTO

Exports reach $6.44B in May, up 1.9% — DTI

THE Philippines' exports rebounded in May this year, the first time since November last year, amid an increase in electronics sales, the country’s top...
Under House Bill 8278, or the proposed Philippine Salt Industry Development Act, salt is classified as a basic agricultural product with all its necessary legal and regulatory implications. Photo shows the Borlongan Aqua Salt Farm in Barangay Banog Norte, Bani, Pangasinan. PNA PHOTO BY JOEY O. RAZON

DA works with private sector, Congress for salt industry dev’t

THE government is awaiting the passage of bills that would modernize the salt industry. Bureau of Fisheries and Aquatic Resources (BFAR) national director Demosthenes Escoto...
Motorists may expect a rollback in the prices of fuel products on Tuesday, Feb. 28. AJ PALCULLO/PN

Gas, diesel prices seen to go up this week

MOTORISTS should brace for an increase in the pump prices of petroleum products this week, local oil industry sources said. Citing trading from July 10...
The main stocks gauge rose 1.10 percent, or 86.85 points, to 7,979.66 points and the Philippine peso traded between 52.18 and 52.04, bringing the average to 52.129 Friday last week. BANGKOK POST

Stocks, peso end strong as US posts 2-yr low inflation

MANILA – The easing of inflation in the United States has fueled optimism in the local stock market as well as the Philippine peso...
President Ferdinand R. Marcos Jr. delivers his speech at the launching of Green Lanes for Strategic Investments on Thursday, July 13. The green lanes was established through the Executive Order No. 18, which was signed by President Marcos in February 2023. PNA PHOTO BY KRIS CRISMUNDO PHOTO

PH ‘green lanes’ launched for strategic investments

THE Philippines on Thursday formally launched its “green lanes” for big foreign direct investments in a bid to attract more capital to the country. The...