Philippines recorded a Current Account surplus of 1217.66 USD Million in December of 2019. Current Account in Philippines averaged 50.28 USD Million from 1980 until 2019, reaching an all time high of 1810.97 USD Million in June of 2014 and a record low of -1409.65 USD Million in October of 2018. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Philippines Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lending Rate in Philippines decreased to 3.25 percent in April from 3.75 percent in March of 2020. Lending Rate in Philippines averaged 9.99 percent from 1986 until 2020, reaching an all time high of 45 percent in August of 1993 and a record low of 3.25 percent in April of 2020. In Philippines, the standing overnight lending facility provides collateralized overnight funding to BSP counterparties to clear end-of-day imbalances. Interest rate for the O/N lending facility is the RRP rate plus 50 bps (0.50 percentage point). The interest rate for the O/N lending facility serves as a ceiling for the O/N interbank rate. This page provides - Philippines Overnight Lending Facility Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Philippines decreased to 206835 PHP Million in February from 294638 PHP Million in January of 2020. Government Revenues in Philippines averaged 45749.66 PHP Million from 1959 until 2020, reaching an all time high of 317236 PHP Million in May of 2019 and a record low of 81 PHP Million in November of 1959. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Philippines Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Philippines increased to 1072932.66 PHP Million in the first quarter of 2020 from 762295.69 PHP Million in the fourth quarter of 2019. Gross Fixed Capital Formation in Philippines averaged 339434.32 PHP Million from 1998 until 2020, reaching an all time high of 1072932.66 PHP Million in the first quarter of 2020 and a record low of 163357.69 PHP Million in the third quarter of 1999. This page provides - Philippines Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Philippines increased by 1153 USD Million in December of 2019. Foreign Direct Investment in Philippines averaged 379.06 USD Million from 2005 until 2019, reaching an all time high of 2256 USD Million in April of 2016 and a record low of -396 USD Million in June of 2007. This page provides - Philippines Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gasoline Prices in Philippines decreased to 0.75 USD/Liter in April from 0.82 USD/Liter in March of 2020. Gasoline Prices in Philippines averaged 0.94 USD/Liter from 1990 until 2020, reaching an all time high of 1.29 USD/Liter in March of 2013 and a record low of 0.34 USD/Liter in December of 1995. This page provides the latest reported value for - Philippines Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Philippines recorded a Current Account surplus of 2.20 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Philippines averaged -0.39 percent from 1980 until 2019, reaching an all time high of 5.80 percent in 2009 and a record low of -7.70 percent in 1980. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Philippines Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Philippines increased 1.10 percent in March of 2020 over the same month in the previous year. Retail Sales Yoy in Philippines averaged 7.29 percent from 1980 until 2020, reaching an all time high of 79.50 percent in September of 1984 and a record low of -3.13 percent in November of 1999. In Philippines, the year-over-year change in the General Retail Price Index (GRPI) in the National Capital Region (NCR) compares the changes in prices retailers charge to consumers during a certain month. This page provides the latest reported value for - Philippines Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Fiscal Expenditure in Philippines decreased to 244430 PHP Million in February from 271593 PHP Million in January of 2020. Fiscal Expenditure in Philippines averaged 52255.88 PHP Million from 1959 until 2020, reaching an all time high of 494389 PHP Million in December of 2019 and a record low of 107 PHP Million in April of 1959. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Philippines Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Philippines increased 0.10 percent in January of 2020 over the previous month. Retail Sales Mom in Philippines averaged 0.58 percent from 1979 until 2020, reaching an all time high of 14.43 percent in November of 1983 and a record low of -2.51 percent in December of 1998. This page provides - Philippines Retail Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Philippines decreased to 2648018.90 USD Thousand in January from 2902000 USD Thousand in December of 2019. Remittances in Philippines averaged 1061012.54 USD Thousand from 1989 until 2020, reaching an all time high of 2902000 USD Thousand in December of 2019 and a record low of 64208 USD Thousand in February of 1989. In the Philippines, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Philippines in China decreased to 1234800 USD THO in April from 1594400 USD THO in March of 2020. Imports from Philippines in China averaged 1644355.11 USD THO from 2014 until 2020, reaching an all time high of 2408300 USD THO in February of 2020 and a record low of 1047660 USD THO in February of 2016. This page includes a chart with historical data for China Imports From Philippines.

Exports to Philippines in China decreased to 2078900 USD THO in April from 3139500 USD THO in March of 2020. Exports to Philippines in China averaged 2660896.66 USD THO from 2014 until 2020, reaching an all time high of 5189900 USD THO in February of 2020 and a record low of 996445 USD THO in February of 2014. This page includes a chart with historical data for China Exports To Philippines.

Exports to The Philippines in New Zealand increased to 77.20 NZD Million in March from 66.62 NZD Million in February of 2020. Exports to The Philippines in New Zealand averaged 61.16 NZD Million from 2014 until 2020, reaching an all time high of 102.32 NZD Million in July of 2018 and a record low of 29.57 NZD Million in August of 2017. This page includes a chart with historical data for New Zealand Exports to The Philippines.

Central Bank Balance Sheet in Philippines increased to 4996.74 PHP Billion in November from 4995.18 PHP Billion in October of 2019. Central Bank Balance Sheet in Philippines averaged 3863.58 PHP Billion from 1993 until 2019, reaching an all time high of 5191.86 PHP Billion in May of 2019 and a record low of 479.78 PHP Billion in December of 1994. This page provides - Philippines Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The stocks of goods held by firms in Philippines decreased by 138085.89 PHP Million in the first quarter of 2020. Changes in Inventories in Philippines averaged -3072.74 PHP Million from 1998 until 2020, reaching an all time high of 92123.96 PHP Million in the fourth quarter of 2010 and a record low of -138085.89 PHP Million in the first quarter of 2020. In Philippines, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Philippines Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines up to One Day Interbank Rate increased to 2.44 percent on Friday May 8 from 0 percent in the previous day. Interbank Rate in Philippines averaged 8.21 percent from 1990 until 2020, reaching an all time high of 102.63 percent in October of 1997 and a record low of 0 percent in March of 2017. In Philippines, the interbank rate is the rate of interest charged on short-term loans made between banks. This page provides - Philippines up to One Day Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Philippines decreased 0.90 percent in September of 2019 over the same month in the previous year. Food Inflation in Philippines averaged 4.85 percent from 1995 until 2019, reaching an all time high of 17.30 percent in July of 2008 and a record low of -0.90 percent in September of 2019. This page provides the latest reported value for - Philippines Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Philippine central bank unexpectedly lowered its benchmark interest rate by 50 basis points to 2.75 percent on 16th April 2020, ahead of a 21st May policy meeting, as policymakers tried to support the economy battling with the COVID-19 outbreak. The bank said that the reduction will be the latest rate adjustment for this year. Interest Rate in Philippines averaged 7.75 percent from 1985 until 2020, reaching an all time high of 31 percent in January of 1985 and a record low of 2.75 percent in April of 2020. In Philippines, interest rate decisions are taken by The Monetary Board of The Bangko Sentral ng Pilipinas (BSP). The official interest rate is the reverse repo rate (RR/P) which is the overnight borrowing rate. The central bank of the Republic of the Philippines is committed to promote and maintain price stability and provide proactive leadership in bringing about a strong financial system conducive to a balanced and sustainable growth of the economy. This page provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The president has turned his populist fire on big business, but is he attacking corporate greed or political opponents?

Country becomes first in world to halt all stock, bond and currency trading

At least three groups of cruise ships, with 15 in total, are clustered together off Coco Cay and Great Stirrup Cay in the Bahamas and about 12 are off the coast of Manila, in the Philippines.

The 41-year-old revealed he is 'not afraid to die' during his efforts to help citizens cope with the ongoing pandemic, but fears that looting will increase in his homeland as the crisis worsens.

The entertainer and author again was caught in a flub that was reminiscent of when he gave Miss Colombia the crown in 2015 and then had to take it back and give it to Miss Philippines.

President Duterte told fellow countrymen to avoid practicing safe sex - comparing using a condom to eating a sweet with the wrapper still on, despite a 3,147 per cent increase of HIV cases.

At least three groups of cruise ships, with 15 in total, are clustered together off Coco Cay and Great Stirrup Cay in the Bahamas and about 12 are off the coast of Manila, in the Philippines.

NASA shared an image of the Philippines two months after its Taal Volcano erupted -revealing an ash damaged landscape. The area was once a tropical oasis, but now looks more like the moon.

Embassy of India, Manila
2190 Paraiso Street, Dasmarinas Village,
Makati City, Metro Manila.
[*Con. acc. as Amb to Palau, Marshall Islands and Micronesia].

Telephone: 00-632-8430101 / 02 & 8945767(PABX)
Fax: 00-632-8158151 (Chancery), 8445757 (Ambassador)
E-Mail: amb@embindia.org.ph (Amb), admin@embindia.org.ph (Chancery), amboffice@embindia.org.ph (Amb s office), pol@embindia.org.ph (Political), com@embindia.org.ph (Commercial), cons@embindia.org.ph (Consular), itec@embindia.org.ph (ITEC Section), info@embindia.org.ph (PIC)

Ambassador* 
Amit Dasgupta 
Counsellor
Madhukar Asnani

The Court of Appeals in Philippines has recently passed an order, prohibiting field trials of GM Bt Brinjal. As the Indian government seeks to push through the BRAI Bill, Neha Saigal exposes its loopholes and argues why we should go the Philippines way.

The Philippines' health ministry reported on Saturday that coronavirus deaths have reached more than 700.

The Philippines' health ministry reported on Saturday that coronavirus deaths have reached more than 700.

The gentle mountain slopes in this fascinatingly beautiful place at once catch the attention not merely for their idyllic setting and extremely hospitable people....

Dewey Library - HE8789.P45 S35 2019

Barker Library - HE8789.P6 P33 2018

Online Resource

Phelan, John Leddy, 1924- author