Bank lending to the agricultural sector, historically low and problematic, showed promise in latest survey jointly conducted by the Bangko Sentral ng Pilipinas (BSP) and the Agricultural Credit Policy Council (ACPC), which works under the Department of Agriculture (DA).
Growth across the economy this year is forecast to remain below its five-year average of 6.6 percent, according to the sovereign credit watcher Standard and Poor's.
The economy expanded at the rate of 5.7 percent in the first three months of the year in terms of the gross domestic product (GDP), slower than various analyst forecasts averaging 5.9 percent during the period but quicker than the adjusted but scaled-back growth of only 5.5 percent a quarter earlier, the Philippine Statistics Authority (PSA) said on Thursday.
Output growth averaging only 5.5 percent in the December quarter last year was seen accelerated to 5.8 percent in the quarter ended March this year, according to analysts at Moody's Analytics
The country' local output expansion, measured as the gross domestic product (GDP), is forecast to accelerate to 5.9 percent this year from last year's 5.6 percent, the sovereign credit watcher Standard and Poor's said in commentaries published at its website.
The Department of Agriculture (DA) has lifted the ban on the importation of poultry products from Australia, including poultry meat, day-old chicks, eggs, and semen.
More than 230 leaders from government, business, and academia gathered at the 2025 BPI CyberProtect Conference, hosted by the Bank of the Philippine Islands (BPI), to address rising cyber threats and financial fraud.
The National Grid Corporation of the Philippines (NGCP) approved 17 new energy projects, totaling nearly 4,000 megawatts (MW) of generation capacity, for system impact studies (SIS) in June, according to the Department of Energy (DOE).
Office leasing activity in Metro Manila improved sharply in the first half of 2025, but continued to face persistent space give-backs from business process outsourcing (BPO) firms and corporate occupiers, according to property consultancy JLL Philippines.