Private-sector economists are divided over the trajectory of Philippine inflation in July, though they broadly agree that lingering climate risks, geopolitical tensions, and a weaker peso will compel the central bank to keep interest rates elevated. Forecasts for July headline consumer prices span...
Lending growth at the country’s big banks slowed to a four-month low in June as corporate borrowers and households took a more cautious approach, dampening overall demand for credit. Outstanding loans issued by universal and commercial banks (U/KBs) expanded 9.8 percent from a year earlier to...
President Ferdinand R. Marcos Jr.’s proposed tax measures could put more money into the pockets of Filipino workers and ease the burden on businesses, but the government may have to forgo about ₱53 billion in revenues in 2027 if the proposals are enacted. During his penultimate State of the...
Philippine banks’ bad-loan ratio fell to 3.29 percent at the end of June 2026, dropping to its lowest level in six months and rebounding from a peak recorded in May, supported by resilient economic activity and cooling inflationary pressures. Data released by the Bangko Sentral ng Pilipinas (BSP)...
The peso matched its historic low against the United States (US) dollar while local stocks retreated for a second consecutive session, as rising crude oil prices and escalating military conflict in the Middle East fueled domestic inflation concerns. The local currency closed at ₱61.75 per dollar...
More idle government assets valued at roughly ₱30 billion are expected to be disposed of through privatization as the government successfully completed the ₱1-billion sale of one floor of Atrium of Makati, bringing first-half revenues close to the full-year figure for 2025. On Thursday, July...
Lending by universal and commercial banks (U/KBs) posted its fastest growth in 15 months in May, as lenders continued to see steady credit demand from businesses and households in the second quarter of 2026. The latest preliminary Bangko Sentral ng Pilipinas (BSP) data showed bank lending growth...
Consumer price growth likely slowed for another month in June, driven by declining global oil and food costs alongside a recovering currency, according to private-sector economists. A median forecast from regional banks and analysts projects headline inflation to have moderated to between 6.5...
Philippine banks’ bad loan ratio further deteriorated to 3.44 percent as of end-May, marking a nine-month high as borrowers struggled to settle loans due to elevated borrowing and business costs. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross...
Mynt Inc., the operator of the dominant mobile wallet GCash, is planning to raise as much as ₱87 billion ($1.5 billion) in an initial public offering (IPO) that would mark the largest corporate debut in the country’s history. The financial technology firm plans to offer up to 9.23 billion...
With Mynt-GCash racing to become the first Philippine financial technology (fintech) initial public offering (IPO) to raise $1 billion and sister company Vitro Inc. also seeking approval for a ₱24-billion real estate investment trust (REIT) stock market debut, market experts are weighing whether...
Inflation may have surged to as high as 7.9 percent in May, driven by soaring basic commodity prices and the weakening local currency, according to the Bangko Sentral ng Pilipinas (BSP), Amid intensifying macroeconomic headwinds, global supply shocks filter into the domestic economy, the central...
