Market concerns flared up following the expiry of the two-month truce between the United States (US) and Iran, pushing the peso closer to another record low of ₱62 per US dollar. The local currency dropped as much as 0.3 percent to touch an intraday record low of ₱61.995 per dollar in morning...
Growth in money sent home by overseas Filipinos slowed to its weakest pace in more than four years in June, as softer economic conditions in host markets and escalating geopolitical tensions in the Middle East dampened worker inflows. According to the latest data from the Bangko Sentral ng...
Foreign direct investment (FDI) net inflows into the Philippines plunged to $210 million in May, the lowest monthly total in more than 11 years as global economic volatility and geopolitical tensions prompted foreign companies to delay capital commitments. According to the latest data from the...
President Marcos retains ample fiscal room to expand government borrowing to support infrastructure and development programs, according to his chief economic manager, brushing off concerns over sovereign debt that has climbed to its highest level relative to economic output in more than two...
Amid growing challenges in the Philippines, leading online gaming firm DigiPlus Interactive Corp. is seeking a gaming license in New Zealand as it expands its footprint in Brazil and South Africa. In a disclosure to the Philippine Stock Exchange, the firm announced that its board of directors...
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...
