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US stocks closed the week on a high note, with the S&P 500 and Nasdaq Composite notching fresh closing highs Friday, as easing geopolitical tensions and renewed trade optimism lifted investor sentiment.

Confidence among Filipino businesses and consumers softened in the second quarter of 2025, according to twin surveys released by the Bangko Sentral ng Pilipinas (BSP), signaling a more cautious outlook for the economy amid lingering global and domestic headwinds.

The Philippines’ trade deficit narrowed to USD 3.29 billion in May from USD 4.73 billion a year earlier—an improvement also over April’s USD 3.79 billion trade gap—due to strong export growth and softer import values, the Philippine Statistics Authority (PSA) reported Friday.

Toll road builder and operator NLEX Corp. said on Friday that it has asked the national government to allow the enterprise to rebuild the accident prone Marilao Interchange Bridge to put a stop to traffic disruptions that inconvenience motorists every so often.

The Development Budget Coordination Committee (DBCC), chaired by Budget Secretary Amenah F. Pangandaman, has approved a proposed P6.793 trillion national budget for 2026, up 7.4 percent from this year’s Projected 6.326 trillion allocation.