Press Release

14.5% growth caps 2021 PH export, likely to double in the next five years

Philippine merchandise exports closed 2021 with a 14.5% growth with value reaching US$ 74.6B, based on preliminary data from the Philippine Statistics Authority (PSA). Despite the emergence of a new COVID-19 variant...

CSC chief bows out, leaves legacy of ‘malasakit’

Alicia dela Rosa-Bala ends her term as head of the Civil Service Commission, the central human resource (HR) agency of the Philippine government, on February 2, 2022. Chairperson Bala was appointed by...

Sara’s Mahalin Natin ang Pilipinas Ride draws large crowd on Day 1

Thousands of people lined up along the highway from Davao City to Bislig City as they waited for the arrival of Vice Presidential candidate Sara Duterte on Tuesday (Feb. 1). The Mahalin...

Domestic claims of OFCs rise by 11.6% YOY in Q3 2021

Based on preliminary data on the Other Financial Corporations Survey (OFCS), the domestic claims of the OFCs grew by 11.6% in Q3 2021 to P7,254.4 billion from P6,503.2 billion in Q3 2020.

BSP-registered FPIs net outflows in 2021 lower by 86.5% compared to 2020

Bangko Sentral ng Pilipinas (BSP)-registered foreign portfolio investments (FPIs) in December 2021 recorded net outflows of US$4 million, bringing the total net outflows for 2021 to US$574 million.  Nonetheless, the full-year net...

DBP signs financing pact with key shelter agency

State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement with the Social Housing Finance Corporation (SHFC) – a key shelter agency, to provide financing to qualified housing...

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