Net foreign portfolio investments went down in January to May this year as risk aversion persisted amid the continuing climb of oil and commodity prices, Bangko Sentral Gov. Amando Tetangco Jr. said in a statement.
THE national government can manage not to borrow money right now, the Bureau of Treasury announced, citing the Philippines' strong fiscal position as of May.
Manila (AP): Al-Qaeda-linked militants have freed a popular TV news anchor, her cameraman and a university professor more than a week after snatching them in the volatile southern Philippines, police said.
Despite the prospect of an economic slowdown -- the result of an increasingly hostile global climate -- strong growth is expected to continue unabated in the Philippines property market.