ECCP at Work

Philippine auto sales decline by 7.6% in August

New vehicle sales slid by 7.6% in August amid a slump in sales of passenger cars and commercial vehicles, an industry report showed.

Cash remittances hit 7-month high at $3.18 billion in July

Filipinos abroad sent more money home in July, hitting a seven-month high as remittances from sea-based workers grew at a slightly quicker pace than those from land-based workers, the Bangko Sentral ng Pilipinas (BSP) said on Monday.

No risk of Philippines return to dirty money list – AMLC

As corruption scandals involving infrastructure projects raise concerns about the country’s compliance with global anti-money laundering standards, the Anti-Money Laundering Council (AMLC) said the Philippines is not at risk of being placed back on the gray list of Paris-based FATF.

Foreign debt hits fresh high of $148. 9 billion

The country’s outstanding external debt climbed to a fresh record high of $148.87 billion as of end-June, but the Bangko Sentral ng Pilipinas said the debt remains sustainable, with key indicators showing manageable levels.

PHL shipbuilding hindered by lack of local suppliers — OECD

THE Philippine shipbuilding industry is being held back by the dearth of local suppliers of key marine equipment, driving up costs and downtime for shipyards, the OECD said in a report.

FPI pushes for manufacturing revival
The umbrella group of producers in the country is pushing for the revival of local manufacturing through the full implementation of laws to support the sector’s growth.

BFAR sets rules to support crayfish cultivation plan

The Bureau of Fisheries and Aquatic Resources (BFAR) is drafting guidelines for the cultivation of Australian Redclaw Crayfish (ARC), the Department of Agriculture (DA) said.

Laurel pitches House on farmer prosperity, modernization in Agri dep’t budget hearing
Agriculture Secretary Francisco P. Tiu Laurel, Jr. asked the House of Representatives to approve the Department of Agriculture’s proposed P176.7-billion budget, outlining a 2026 program centered on boosting farmer prosperity and modernization.

DOE chief cites private sector's contribution in achieving RE shift

Energy Secretary Sharon Garin on Monday cited the importance of elevating coordination with the private sector to achieve the government’s clean energy shift.

PHL may have missed the bus in reviving manufacturing — FPI

The Federation of Philippine Industries (FPI) said concerns have been raised that the Philippines has missed the opportunity to resurrect its manufacturers, citing the difficulty of making things in the country.

H1 current account deficit widens 13.6% to $9.2B
The Philippines’ current account deficit grew to $9.2 billion in the first six months of 2025, widening by 13.6 percent from $8.1 billion a year earlier as imports far outweighed exports, the latest central bank data showed.

eGovPH app now allows online access to academic records
The eGovPH Super App now includes a feature that allows online access to academic records including diplomas and transcripts, President Ferdinand Marcos Jr. announced on Friday during the launching of the Electronic Certification, Authentication, and Verification (eCAV) System in Pasay City.

SEC rules on fees exemption on security transactions

The Securities and Exchange Commission (SEC) said that any sale of security that is mandated exempt from registration by the Securities Regulation Code (SRC or RA8799) will no longer be required to have fees paid to be in effect. 

PHL eyeing return to Japanese debt market

The national government is eyeing a return to the Japanese debt market, with a possible samurai bond issuance next year, according to Finance Secretary Ralph G. Recto.

Rice program widens reach to include the transport sector

The Department of Agriculture will begin selling P20 per kilogram of rice to public transport workers in five major cities starting on Tuesday, September 16, widening the reach of the government’s flagship program for the staple grain.

Marcos names former Supreme Court Justice Andres Reyes as ICI chief

Philippine President Ferdinand R. Marcos, Jr. on Monday named former Supreme Court Associate Justice Andres B. Reyes, Jr. as the chairman of the newly-established Independent Commission for Infrastructure (ICI), as the probe on anomalous projects continues.

US stands with Philippines against China’s plan in South China Sea atoll, Rubio says

The United States stands with the Philippines, Secretary of State Marco Rubio said on Friday, rejecting what he described as China’s “destabilizing plans” for a disputed atoll in the South China Sea.