The Philippines Today, Yesterday, and Tomorrow
The Development Bank of the Philippines Net Income Increased The Development Bank of the Philippines (DBP)’s full-year net income increased by 50% in 2022, reaching PHP 5.61 billion, up from PHP 3.74 billion in 2021. The rise in the DBP’s net income is attributed to an increase in lending activities as a result of the … Read more
Investments in New Clark City Reached Php 95.5 Billion These will be channeled into several high-impact projects and programs in: Sustainable Development Information and Communications Technology Renewable Energy Estate Management Smart City Technologies Transportation Tourism According to the Bases Conversion and Development Authority (BCDA), investments committed by private and government locators in New Clark City … Read more
NEDA Board Greenlights 194 High-Impact Infrastructure Projects The National Economic and Development Authority Board approved on March 9, 2023, 194 high-impact priority projects amounting to PHP 9 trillion under the Infrastructure Flagship Projects (IFPs) to further strengthen the government’s “Build Better More” program. This marks a significant step towards the Marcos Jr. administration’s objective of … Read more
The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not released a 150-Piso denomination banknote featuring Dr. Jose Rizal. Images of the said banknote circulating on social media are fictitious. The public is advised to always check the legitimacy of information found on social media and other channels regarding Philippine banknotes and … Read more
Overseas Filipino Remittance (December 2022) Personal remittances from Overseas Filipinos (OFs) posted a new record-high of USD 3.5 billion in December 2022. This is up by 5.7% from the USD 3.3 billion recorded in December 2021. Full-year 2022 personal remittances also saw an all-time high of USD 36.1 billion. This accounts for 8.9% of the … Read more