BSP Governor Eli Remolona explains why the Philippines, as a service-led economy, does not need to aggressively defend the peso against the dollar, despite market pressures. Learn the economic reasoning.
The number of Overseas Filipino Workers climbed to 2.19 million in 2024. Discover key trends on destinations, demographics, and the P262.2 billion in remittances sent home.
HSBC forecasts the Philippine peso to average 58 against the US dollar, with no further depreciation to 60 expected. Key factors include lower imports and stable OFW, BPO remittances.
OFW holiday remittances exceeding $3B and $109.7B reserves expected to strengthen Philippine peso from current 59.17 vs USD. Expert analysis reveals recovery pattern.
Philippine seafaring industry injects P1.06 trillion into economy, supports 400,000 jobs. Learn how this vital sector drives national growth and faces challenges.