Top News
Trump resets deadline on new tariffs to August 1
US President Donald Trump sent markets into a swirl on Tuesday by announcing a fresh deadline for imposing higher tariffs on imports.
Philippine jobless rate slides to 3.9% in May
The Philippines' unemployment rate eased in May, as the economy generated more jobs, reducing the number of Filipinos without work compared to both April this year and May of the previous year.
Bank lending accelerates amid ample liquidity
Bank lending in the Philippines accelerated in May, underpinned by continued domestic liquidity expansion, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Trade deficit in agricultural goods narrows in May—PSA data
The Philippines saw the trade deficit for agricultural goods trade narrowed in May, as exports of farm goods rise and the value of imports declined during the period.
Digital payments dominate PH retail transactions in 2024
The Philippines posted strong gains in digital finance, with digital payments accounting for 57.4 percent of monthly retail transactions by volume and 59 percent by value in 2024, according to the Bangko Sentral ng Pilipinas (BSP). This marks a steady increase from only 52.8 percent and 55.3 percent, respectively, in 2023, reinforcing the country's ongoing digital transformation.
