Economy

The Bangko Sentral ng Pilipinas (BSP) said the country's gross international reserves (GIR) remained robust at USD104.8 billion as of end-June 2026, providing a solid financial buffer despite easing from USD110.8 billion at the close of 2025. The central bank said the reserve level remains more than sufficient to support the economy against external shocks while ensuring the country's ability to meet import requirements and service foreign debt obligations.

A decade after the Philippines won a landmark international legal victory against China, a policy think tank is urging the government to shift its focus from legal triumph to military readiness. it argued that credible deterrence has become the country's next strategic imperative in the West Philippine Sea.

Inflation eased for a second straight month in June, offering consumers and businesses some relief from elevated prices, but a pickup in underlying price pressures could keep the Bangko Sentral ng Pilipinas (BSP) on course for another interest rate increase.

The Philippines and Denmark have signed a new financing cooperation agreement aimed at unlocking investments for infrastructure, renewable energy, climate action and other priority sectors, reinforcing Manila's push to tap global partnerships to Jo support long-term economic growth.

The government is sharpening its industrial policy for the cement sector, extending fiscal incentives to integrated cement projects while encouraging manufacturers to produce more clinker locally to reduce import dependence and strengthen the domestic supply chain.