Local output expansion that underwhelmed the economic managers last year at only 5.6 percent in terms of the gross domestic product (GDP) is seen reaccelerated to 6 percent this year, the International Monetary Fund said.
Above-target inflation averaging 6 percent in 2023 is forecast in January this year to have averaged no more than 3.6 percent, the Bangko Sentral ng Pilipinas said on Wednesday.
The country's continued economic expansion in 2023, measured as the gross domestic product (GDP), eased sharply to only 5.6 percent in the final quarter and came even lower than the revised output expansion of 6 percent in the third quarter.
The Bank of the Philippine Islands (BPI) targets opening within the year 2.5 times more phygital bank branches than it has at the moment as part of the larger goal of meeting the requirements of its digital clients.
The Philippines is seen to have missed its goal of boosting local output expansion averaging at least 6 percent in 2023, having grown at a slower rate of only 4.9 percent in the fourth quarter last year, analysts at Moody's Analytics said on Monday.
The Bangko Sentral ng Pilipinas (BSP) held its Economic and Financial Learning Program (EFLP) in Cotabato City from 17 to 18 September 2025, to promote financial literacy among farmers, fisherfolk, and agri-entrepreneurs.
The Asian Eye Institute (AEI) recently welcomed Dr. Ike Ahmed, the world’s most influential ophthalmologist in 2024 (as recognized by The Ophthalmologist magazine), for a high-level research collaboration with Dr. Robert Edward Ang, AEI’s head of Cornea and Refractive Surgery Services and chief of its Research and Training Center.
The Bangko Sentral ng Pilipinas (BSP), through its Legazpi Branch, is actively addressing the cash needs of banks in Masbate following the impact of Typhoon Opong.
The Government Service Insurance System (GSIS) announced its readiness to assist members and pensioners in Bogo and other quake-hit areas in Cebu, following the recent magnitude 6.9 earthquake that caused structural damage and disrupted daily life.