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Banks still cautious on lending, but tightening slows — BSP
The various banks are maintaining a cautious stance toward lending, though signs of easing in their risk aversion emerged in the latest 2Q 2025 Senior Bank Loan Officers’ Survey (SLOS) released by the Bangko Sentral ng Pilipinas (BSP).
Monsoon, storm trio deliver P1.12B agri disaster grand slam
Severe weather conditions—driven by tropical storms Crising, Dante, and Emong, along with intensified southwest monsoon rains—have inflicted P1.12 billion in agricultural damage across the Philippines, with rice farming the hardest hit, the Department of Agriculture (DA) reported Friday.
Budget deficit widens in June on higher spending, slower revenue growth
The budget deficit widened to P241.6 billion in June, up 15.6 percent from P209.1 billion last year as spending outpaced revenue growth, the Bureau of the Treasury said on Thursday.
ADB lowers PH growth outlook amid global headwinds
The Asian Development Bank (ADB) has revised its growth forecast for the Philippines to 5.6 percent in 2025 and 5.8 percent in 2026, down from earlier projections of 6.0 percent and 6.1 percent, respectively. The recalibration, the ADB said, reflects the impact of external headwinds and highlights the growing importance of responsive economic policy.
Trump says Philippines agrees to open market to US goods, tariff-free
U.S. goods will now enter the Philippines tariff-free under a new trade deal announced by President Donald Trump on Tuesday (Washington time), following the...
