PHL banks’ profit up nearly 11% in first quarter
THE PHILIPPINE BANKING industry’s combined net earnings jumped by 10.6% in the first quarter as both interest and non-interest income rose, data from the Bangko Sentral ng Pilipinas (BSP) showed.
BoP deficit widens to $2.56B in April
THE PHILIPPINES’ balance of payments (BoP) deficit widened further in April as the government paid back its external debt, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Auto sales drop 10% in April as passenger car sales slump
PHILIPPINE AUTOMOTIVE SALES slid by 10% in April, the biggest annual decline in more than three years, amid a double-digit decline in passenger car sales, an industry report showed.
Agencies’ budget proposals reach P11 trillion for 2026
GOVERNMENT AGENCIES’ budget proposals for the 2026 national budget have surged to P11 trillion, up from the P9.2 trillion in funding requests made for...
PHL seen as a ‘friendshoring’ destination for United States
THE PHILIPPINES is poised to attract more foreign direct investments (FDI) as it is seen as an emerging “friendshoring” destination for the US and...
PSE hikes capital-raising goal to P170B
THE Philippine Stock Exchange, Inc. (PSE) is increasing its capital-raising target this year to P170 billion from P120 billion and from P82.4 billion in actual capital raised last year, amid an easing trade war between the world’s two biggest economies that had fed fears of a global recession.
Election-tied spending may shield growth from tariffs
HOUSEHOLD CONSUMPTION during the election period and state expenditures once the ban on spending on certain infrastructure projects is lifted are expected to cushion...
Philippine potential in focus at BusinessWorld Economic Forum 2025
THE PHILIPPINES is on track to build a bigger and more competitive economy, with government initiatives, private sector investments and international interest coming together...
Philippine banks’ March bad loan ratio softens
PHILIPPINE BANKS’ bad loan ratio eased to a three-month low in March as total loans increased, according to data from the Bangko Sentral ng...
Remittance growth hits 9-month low
MONEY SENT HOME by migrant Filipinos rose 2.6% in March from a year earlier, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, though this was the slowest growth in nine months.
Approved foreign investments lowest in more than a year
APPROVED foreign investments in the Philippines slumped further by 82% in the first quarter to the lowest in one-and-a-half years, according to the local statistics agency, as US President Donald J. Trump tries to undo decades of global economic integration through his sweeping tariff increases.
Inflation seen within target until 2027
PHILIPPINE INFLATION is expected to remain within the central bank’s 2-4% target until 2027, according to economists surveyed by the Bangko Sentral ng Pilipinas...