Tempered household consumption, still reeling from the pandemic-induced recession, is weighing on the Philippine growth outlook, according to the Economist Intelligence Unit (EIU). With private consumption—which accounts for more than 70 percent of the local economy—showing “weak momentum,”...
Amid expectations of slower economic growth and lower inflation this year, global investment banking giant Goldman Sachs sees more interest rate cuts by the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) during the next three quarters before pausing its easing cycle. In an Aug. 7 report,...
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
Alas Pilipinas received a rude welcome on the opening day of the 5th SEA Women’s V.League Leg 2 after absorbing a 25-14, 30-28, 25-22 loss to host Vietnam at the Ninh Bình Gymnasium Friday evening, Aug. 8. After a lackluster first set, the Nationals showed resistance in the next two frames where...
While Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
The Philippines’ gross international reserves (GIR) or its stock of United States (US) dollars and other foreign currencies, dropped to $105.3 billion at end-July, from $106 billion in June, according to data from the Bangko Sentral ng Pilipinas (BSP). The central bank attributed the slight...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
Gilas Pilipinas was off to a rough start in its 2025 FIBA Asia campaign, dropping a 95-87 decision against Chinese Taipei in its opening game at the King Abdullah Sports City in Jeddah, Saudi Arabia in the wee hours of Wednesday, Aug. 6. A lethargic start that saw the Filipinos trail by as many as...
To finance road and flood control projects, the Bangko Sentral ng Pilipinas (BSP) has approved a total of $4.89 billion worth foreign borrowings in the second quarter of 2025, higher by more than a quarter from $3.90 billion in the same period last year. According to the BSP, the approved...
Loans from big banks or universal and commercial banks (UK/Bs), excluding investments in the central bank’s reverse repurchase (RRP), grew by a faster 12.1 percent in June from May’s 11.3-percent expansion. According to the latest data from the Bangko Sentral ng Pilipinas (BSP) released on...
Alas Pilipinas fell short of its target of improving its bronze medal finish in the recent 5th SEA V.League Leg 1, but its bevy of talent, especially its core of young stars, has managed to impress the region with its skill and huge potential. The Nationals thumped Indonesia, 25–20, 25–20,...
Mobile payment providers Apple Pay and Google Pay will not need to register with the Bangko Sentral ng Pilipinas (BSP) if they plan to enter the Philippine market, as the central bank does not qualify them as operators of payment systems (OPS). BSP Deputy Governor Mamerto Tangonan stated that the...
