The government incurs a deficit of P33.4 billion, P15.8 billion higher than the deficit recorded in the same month in 2016
While global economic conditions remain challenging, outgoing BSP Governor Amando Tetangco Jr says prospects for domestic economic activity continue to be firm
'It is a reaction to external developments, particularly the hawkish statements of Fed officials overnight,' says BSP Governor Amando Tetangco Jr
A net total of $543.79 million in foreign portfolio investments flows out, in contrast to the $178 million in net inflows for the January-May period last year
The US Federal Reserve's decision to raise the benchmark interest rate for the 2nd time this year is the primary market mover on Thursday, June 15
This is the lowest level cash remittances have totaled since registering $1.997 billion in January 2016
Navigating the new world order and completing massive infrastructure projects are more crucial to economic momentum, according to experts
Socioeconomic Planning Secretary Ernesto Pernia says the Marawi siege and the Resorts World Manila attack will not have lasting impact on tourism and the economy as a whole
BSP Deputy Governor Nestor Espenilla Jr says it is 'too soon to draw anything from this but it bears close watch'
A 3.1% inflation rate is recorded in May – the lowest since the consumer price index averaged 2.7% last January
The Philippine Travel Agencies Association says the incident resort will 'definitely impact' the country's tourism industry. Airlines report another round of delayed, cancelled flights.
A senior credit officer at Moody's says the firm expects the economic impact of the Marawi crisis to be 'minimal and short-lived'
Only about P1.3 trillion or 18% will be accounted for through public-private partnership projects
The Department of Budget and Management says the drop is mainly due to the absence of big-ticket expenditures in the military's modernization program, which are set for later in the year
The Bangko Sentral ng Pilipinas attributes this to lower oil prices and electricity rates
Most analysts expect two more rate increases this year, likely in June and in September, but there are now doubts over that schedule
But should President Rodrigo Duterte expand military rule beyond Mindanao and seek an extension, tourism and trade may suffer
BSP Governor Amando Tetangco Jr points out, however, that there may be 'temporary cautiousness' in the next few days
But Beijing's finance ministry rejects the assessment, saying Moody's had used an 'inappropriate' method to assess risks
What does Russia stand to gain from rolling out the red carpet for Philippine President Rodrigo Duterte and his delegation?
The Duterte administration's 'Build, Build, Build' program has yet to break ground and lift the economy, leaving the private sector to fill the void
The European Union is a major donor, the 2nd top export destination, and the 4th top source of OFW remittances, among others
(UPDATED) Aquino and Duterte have something in common: slow pace of public infrastructure spending
Total cash remittance flows for the 1st quarter of 2017 reach $6.953 billion, up 7.7%
There is only one more policy meeting left before Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr hands over the reins to his successor
The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country's monetary stance as well as expand the debt market and digital payments
'I think the result of the French elections really show that it's good news to open trade and globalization, and it reduces the uncertainties of the eurozone,' says Changyong Rhee, director of the International Monetary Fund's Asia and Pacific Department
President Rodrigo Duterte picks technocrat Nestor Espenilla Jr as the new Philippine central bank chief, replacing world-acclaimed Amando Tetangco Jr
Government officials and business leaders from the Philippines also encourage potential participants to come to the Philippines and invest
The Asian powerhouse expresses optimism over the Philippines' participation in the ambitious Belt and Road Initiative
Inflation remains unchanged at 3.4% in April, bringing the average inflation in the first 4 months of the year to 3.2%
Asian Development Bank's Takehiko Nakao says the financing need to develop infrastructure in Asia is so huge that the two banks must cooperate
For some miners, it is business as usual. But for the mining chamber, the next step is to seek a reversal of 'all the negative orders' that Lopez issued.
Domestic liquidity is also up 11.2% year-on-year to P9.5 trillion, although this is slightly slower than the 12.6% in February
Proposed new laws such as the Ease of Doing Business Act aim to put some of the practices learned from successful neighbors like Singapore into law
'While the number of Asian billionaires are growing, ASEAN is still home to many of the world’s poor,' Vice President Leni Robredo tells ASEAN business leaders and policy makers
ASEAN Business advisory council chairman Joey Concepcion explains the formula for empowering small entrepreneurs around the region and why it is important to do so
(3rd UPDATE) Trump's unrelenting back-and-forth seemed certain to keep Washington's two closest trade partners on edge as they move to revamp one of the world's biggest trading blocs
The items to be auctioned are smuggled goods seized by the Bureau of Customs at the Manila International Container Port
Remittance flows for the first two months of the year stand at $4.338 billion, up by 5.9% compared to the same period last year
The major contributors for the upward revision in 2016 were Construction, Mining and Quarrying, and Other Services says the Philippine Statistics Authority
The continuing rise is driven by higher prices for gas, electricity, rice, and meat
The rating comes with a positive outlook that indicates an upward trend for credit ratings over a one- to two-year period
Despite global risks, iinflation remains manageable, and will fall within the target range by yearend, says outgoing BSP chief Amando Tetangco Jr
Philippine Finance Secretary Carlos Dominguez III, once an agriculture chief, raises the Philippines' two-decade concern in his meeting with Australian Foreign Minister Julie Bishop
The Bangko Sentral ng Pilipinas lowers its inflation outlook for 2017 and 2018 to 3.4% and 3%, respectively
This will be the 2nd retail bond offering under the Duterte administration, which raised around P100 billion from a similar offering in September 2016
Filipinos now have until June 30, 2017 to exchange their New Design Series (NDS) banknotes. After June 30, these bills will have no monetary value.
The Philippines is one of the best places to invest in, Andrea Domingo tells potential investors. Ignore the noise, she adds.