Top News
Philippine exporters leave £92M UK tariff benefits unclaimed
Philippine exporters left an estimated £92 million, or about P7.7 billion, worth of eligible shipments to the United Kingdom without claiming preferential tariff treatment in 2025, highlighting a potentially costly gap in the use of the UK’s Developing Countries Trading Scheme (DCTS).
BSP brings financial education to Nueva Ecija, bolstering MSME resilience and inclusive growth
The Bangko Sentral ng Pilipinas (BSP) has completed the third run of its flagship economic and financial literacy initiative, bringing the 2026 Economic and Financial Learning Program (EFLP) to Cabanatuan City on August 18 and 19, advancing the central bank’s policy goal of expanding accessible financial knowledge across underserved communities.
Philippine reserves ease to USD103.3B in July
The Philippines’ gross international reserves (GIR) fell to USD103.3 billion at the end of July from USD104.7 billion a month earlier, while the country posted a USD1.5-billion balance of payments (BOP) deficit, reflecting continued pressure from external transactions.
Digital payments hit target as Filipinos shift from cash
Digital payments accounted for nearly two-thirds of retail transactions in the Philippines last year, putting the country within its national target range and underscoring how quickly electronic payments are replacing cash in everyday commerce.
Overseas remittances surge to record 1H high of $3.04 billion in June
Overseas cash remittances hit a mid-year peak in June 2026, climbing to US$3.04 billion. Marking the highest monthly cash inflow recorded throughout the first half of the year, the performance underscored the robust foreign exchange earnings sent home through the formal banking networks. Seasonally adjusted personal remittances, encompassing both formal bank transfers and informal channels as well as in-kind support, mirrored this upward trajectory over the same period.
