Economy
The National Food Authority just pulled off a massive rice stock clearance sale — selling nearly 90 percent of its aged rice inventory in a single auction on Friday and raising ₱963.5 million, exceeding the ₱912.4 million target. NFA Administrator Larry Lacson said they sold 32.5 million kilos
Economy
The Social Security System just dropped some seriously good news for Filipino workers and retirees — a record-breaking net income of ₱143 billion, with the pension fund’s reserve hitting the ₱1-trillion mark for the very first time in SSS history. SSS President and CEO Robert Joseph Montes announced that the
Economy
After more than a decade of frozen distribution rates, Meralco is finally asking for a tariff increase — and it’s tied to a massive ₱272 billion grid modernization plan that will run from 2027 to 2030. Meralco chairperson Manuel V. Pangilinan confirmed that the power giant has filed an application
Economy
A new bill in the House of Representatives wants to make sure that every single peso our OFWs send home arrives intact — and AGIMAT Party-list Rep. Bryan Revilla is on a mission to get it passed ASAP. House Bill No. 275, or the OFW Remittance Protection Act, aims to regulate
Economy
The Philippines is catching the attention of Middle Eastern money. Philippine Ambassador to the UAE Alfonso Ver recently sat down with Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), to discuss how the oil-rich nation can help fund major development projects in the Philippines.
Economy
Senator Loren Legarda has filed Senate Bill 1856, proposing a P200 daily minimum wage increase for private sector workers across the Philippines. If passed, it would be the first nationwide legislative wage hike in nearly 40 years — the last one was RA 6727 in 1989, which only mandated a P25
Economy
The Bangko Sentral ng Pilipinas cut its benchmark interest rate by another 25 basis points on Thursday, February 19, bringing it down to 4.25% — the ninth rate cut since the central bank started easing in August 2024. BSP Governor Eli Remolona Jr. said the move was meant to help
Economy
Overseas Filipino workers proved once again why they’re called the country’s modern-day heroes. Cash remittances hit a record $35.634 billion in 2025, up 3.3% from the previous year’s $34.493 billion, according to the Bangko Sentral ng Pilipinas. December alone saw $3.522 billion sent
Economy
Here’s some good news and bad news for Filipinos. The good: the Philippines is projected to become the 19th-largest economy in the world by 2050, jumping from its current 30th-place ranking. The bad: entrenched corruption and political instability could throw a wrench into those plans. London-based think tank Capital
Economy
The Bangko Sentral ng Pilipinas pulled the trigger on yet another rate cut Thursday, slashing the benchmark interest rate by 25 basis points to bring it down to 4.25%. This marks the ninth time the central bank has cut rates since it began its easing cycle back in August
Economy
Good news for borrowers — the Bangko Sentral ng Pilipinas (BSP) is widely expected to cut its benchmark interest rate by 25 basis points to 4.25% during its monetary policy meeting on Thursday, February 19. A Reuters poll of 27 economists found that 25 of them forecast the quarter-point reduction,
Economy
The Bangko Sentral ng Pilipinas (BSP) is widely expected to cut its key interest rate by another 25 basis points today, February 19, 2026, bringing the benchmark rate down to 4.25%. This would mark another significant step in the central bank's easing cycle, which began in 2024