GDP likely rose 5.8% in 2Q on stronger consumption — BPI
The economy likely expanded 5.8 percent in the second quarter this year, improving from 5.4 percent in 1Q but still lagging the 6.5 percent growth seen in 2Q 2024, according to the Bank of the Philippine Islands (BPI). The uptick, lead BPI economist Jun Neri said, was mainly driven by household consumption, buoyed by election-related outlays, cooling inflation, and sustained consumer lending.
Indonesia’s first A400M completes maiden flight in Seville
The first Airbus A400M military transport aircraft for the Indonesian Air Force successfully completed its maiden flight from Airbus Defence and Space’s final assembly line in Seville, marking a key milestone toward delivery later this year.
RCBC 1H25 profit jumps 20% on core, digital gains
Rizal Commercial Banking Corp. (RCBC) reported a P5.3 billion net income for the first half of 2025, marking a 20 percent year-on-year increase, fueled by continued strength in its core banking operations and digital innovation.
Core lending, corporate expansion push EastWest six-month profits 19% higher
East West Banking Corp. (EastWest) posted a 19 percent year-on-year increase in net income to P4.1 billion in the first half of 2025, supported by strong core revenue growth, particularly from its consumer lending and commercial banking businesses.
Osaka lights up for PH-Japan cultural celebration
A vibrant showcase of friendship, culture, and creativity marked the 69th anniversary of diplomatic relations between the Philippines and Japan at Woven: Philippine Diplomatic Night of Fashion and Music, hosted recently by the Philippine Organizing Committee for Expo 2025 Osaka.
