Below-target growth likely in 1st half of 2025
PHILIPPINE economic growth is likely to fall short of the government’s target in the first two quarters, GlobalSource Partners said.
“Our assessments show that GDP...
BoC says tariff cuts result in P35-B foregone revenues
THE BUREAU of Customs (BoC) on Tuesday said Executive Order (EO) No. 62, which lowered tariffs on rice, electric vehicles and other commodities, resulted in around P35 billion in foregone revenues.
Philippines now ‘moderately free’ in economic aspects — global index
THE Philippines went up six notches to 82nd out of 176 countries and is now considered “moderately free,” according to a global index on economic freedom by The Heritage Foundation.
BSP sees GDP growth hitting the lower end of 6-8% target
THE BANGKO SENTRAL ng Pilipinas (BSP) expects economic output to hit the lower end of the government’s target this year and 2026 as elevated global commodity prices and trade uncertainties could weigh on growth.
NG budget surplus narrows in Jan.
THE NATIONAL Government’s (NG) budget surplus narrowed in January, as state spending growth outpaced that of revenue collection, the Bureau of the Treasury (BTr)...
Auto sales rise despite a drop in demand for cars
NEW VEHICLE SALES jumped by an annual 2.9% in February, the slowest growth in five months amid a decline in passenger car sales, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
PHL economy faces risks if US goes into recession
A POTENTIAL RECESSION in the United States may pose risks to the Philippine economy as trade and remittances could slow down, analysts said.
BoP position swings to $3.1-billion surplus in Feb.
THE PHILIPPINES’ balance of payments (BoP) position swung to a surplus in February, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
BSP rate cut likely in April — Recto
FURTHER monetary easing will be necessary to support economic growth, Finance Secretary Ralph G. Recto said, adding that there is a high likelihood the...
Philippines to resist large swings in peso, BSP governor says
The Philippine central bank will resist big swings in the peso, particularly if it is weakening, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona...
Creative economy’s value nears P2-T in 2024
THE VALUE of the Philippines’ creative economy neared P2 trillion in 2024, the statistics agency said on Thursday.
More cuts likely if growth weakens
THE BANGKO SENTRAL ng Pilipinas (BSP) could cut rates next month, its top official said, noting the possibility of up to 75 basis points...