Net external liabilities widen to $65.6 billion in Q2

Philstar - Oct 2, 2026

The Philippines’ net external liability position widened in the second quarter as increased foreign borrowing by banks, businesses and the government outpaced the country’s holdings of financial assets abroad, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Read full article

More News

Why Morgan Stanley sees more upside in Hong Kong offices than New York towers

Oct 7, 2026

Why Morgan Stanley sees more upside in Hong Kong offices than New York towers

Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US investment bank highlighted the similarities between two of the world’s leading financial centres, pointing out that Hong Kong’s monetary policy moved in lockstep with the US Federal Reserve, while both cities faced limited land supply,...

Witness: VP Sara, husband, have 9 BPI accounts with P8 million in deposits as of 2025

Oct 7, 2026

Witness: VP Sara, husband, have 9 BPI accounts with P8 million in deposits as of 2025

Vice President Sara Duterte and her husband, Manases Carpio, have nine BPI bank accounts with a collective ending balance of P8 million as of 2025, a bank official said Wednesday.

Family offices branch out into private equity, infrastructure and alternative investments

Oct 7, 2026

Family offices branch out into private equity, infrastructure and alternative investments

Some financial analysts and wealth managers in recent years have suggested that the second- and third-generation leaders of family offices in Asia are moving away from the basic principles that helped to create and accumulate their existing assets, but that is not strictly accurate. Rather, just as the founding generation did, these investors look to assess available opportunities and adapt to circumstances as they build or adjust their portfolios to find the preferred balance between risk and...

DA, Dali eye farm-to-market deal to help farmers

Oct 7, 2026

DA, Dali eye farm-to-market deal to help farmers

The Department of Agriculture (DA) and retailer Dali Everyday Grocery are exploring a possible partnership that would allow Filipino farmers to bring their produce more directly to the market.

BPI Wealth trims 2026 growth outlook amid market volatility

Oct 7, 2026

BPI Wealth trims 2026 growth outlook amid market volatility

BPI Wealth, the trust management unit of the Bank of the Philippine Islands, on Wednesday said it now expects slower growth in its assets under management (AUM) than previously expected, amid market volatility.

Asian investors turn to housing, real assets as global tension shakes market confidence

Oct 7, 2026

Asian investors turn to housing, real assets as global tension shakes market confidence

Amid various macro uncertainties, interest in private credit declined sharply to 48 per cent from 71 – among alternative investments – while interest in real estate jumped to 52 from 39 per cent, according to the 2026 Asia Advisor Survey released today by financial technology company iCapital. This marks a sharp decline for private credit, which was the leading area of interest among Asian advisers in 2025. In addition to real estate, advisers are also turning to other real assets, with interest...

Moody's acquires minority stake in PhilRatings

Oct 7, 2026

Moody's acquires minority stake in PhilRatings

Moody"s is acquiring a minority stake in Philippine Rating Services Corporation (PhilRatings), making it the first global credit rating agency to invest in a Philippine credit rating agency, according to the US Embassy in the Philippines.

Semirara Mining decries coal assets surrender requirement to join bidding

Oct 7, 2026

Semirara Mining decries coal assets surrender requirement to join bidding

Consunji-led Semirara Mining and Power Corporation (SMPC) cried foul Wednesday over the latest bidding rules requiring the company to surrender its assets to the government if it joins the auction for Semirara Island"s mines.

Security Bank taps Tookitaki for anti-financial crimes screening

Oct 7, 2026

Security Bank taps Tookitaki for anti-financial crimes screening

Security Bank Corporation on Wednesday announced it has partnered with global financial technology provider Tookitaki to update its anti-financial crime compliance architecture, modernizing its screening capabilities through the deployment of Tookitaki's FinCense Screening platform.

US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global markets

Oct 7, 2026

US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global markets

US firm ArriVent BioPharma’s shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas. New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small...

Chicken prices up by P10 due to supply drop, group says

Oct 7, 2026

Chicken prices up by P10 due to supply drop, group says

Chicken prices up by P10 due to supply drop, group says

NGCP: No intention to delay implementation of ancillary service contracts

Oct 7, 2026

NGCP: No intention to delay implementation of ancillary service contracts

The National Grid Corporation of the Philippines (NGCP) on Wednesday came to its defense after the Department of Energy (DOE) blamed it for the series of yellow and red alerts in the Visayas power grid.

Recommended