Tourism contributes 8.9% to Philippine GDP in 2024
THE SHARE of the tourism industry in the Philippine economy rose to a five-year high of 8.9% in 2024, the Philippine Statistics Authority (PSA)...
Exports to hit $110 billion if Philippines keeps its advantage amid US tariffs
THE PHILIPPINES could still achieve the export target set under the Philippine Development Plan (PDP) this year if it is able to maintain its advantage amid the US reciprocal tariffs, an industry group said.
Trump’s proposed tax on remittances ‘a concern’ for PHL
US PRESIDENT Donald J. Trump’s proposal to tax the money sent home by foreign workers, may hurt the Philippine economy as remittances and household consumption are likely to slow, experts said.
BSP delivers 2nd straight rate cut
THE BANGKO Sentral ng Pilipinas (BSP) lowered policy rates for a second straight meeting on Thursday and signaled at least one more cut this...
Philippines posts $298 million balance of payment deficit in May
MANILA - The Philippines' overall balance of payments (BoP) position hit a deficit of $298 million in May from a deficit of $2.6 billion...
UK eyes to double bilateral trade with Philippines
By Justine Irish D. Tabile, Reporter
United Kingdom (UK) Trade Envoy George Freeman MP said that he is looking to identify deep partnership areas that...
Philippines to step in should peso weakness threaten prices
Philippine central bank Governor Eli M. Remolona Jr. said authorities are prepared to intervene more strongly in the foreign-exchange market should the decline in...
Investors brace for oil price spike, rush to havens after US bombs Iran nuclear...
NEW YORK — A US attack on Iranian nuclear sites could lead to a knee-jerk reaction in global markets when they reopen, sending oil...
Philippine exports to S. Korea expected to recover in 2nd half
PHILIPPINE EXPORTS to South Korea are expected to rebound in the second half of the year amid better economic and business conditions in Seoul, which have hindered the country from seeing increased trade under the free trade agreement (FTA).
Philippine banks’ real estate exposure sinks to 6-year low
THE EXPOSURE of Philippine banks and trust entities to the property sector dropped to a six-year low at the end of March, data from the Bangko Sentral ng Pilipinas (BSP) reported.
Oil prices seen to spike after US strikes on Iran
GLOBAL OIL PRICES are expected to soar amid a widening conflict in the Middle East after the US attacked Iranian nuclear sites.
Analysts split on BSP easing path
ANALYSTS are divided on the Philippine central bank’s easing trajectory for the rest of 2025, as an escalating conflict in the Middle East and...