Top News
Strong credit demand lifts bank loans, money supply in June
Lending activity by universal and commercial banks (U/KBs) continued its upward trajectory in June, supporting stronger domestic demand and economic momentum, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
BSP approves more foreign loans for infra, climate projects
The Bangko Sentral ng Pilipinas (BSP) approved US$4.89 billion in proposed public sector foreign borrowings in 2Q 2025, reflecting a 25.4 percent increase from US$3.90 billion in the same period last year.
Gas, diesel, kerosene hike hits motorists Tuesday
Motorists and enterprises will once again face higher fuel costs this week, as local oil companies announce another round of price hikes amid volatile global crude markets and currency headwinds.
Fuel prices set to surge again Tuesday
Motorists and transport operators should brace for another round of fuel price hikes this week, with oil firms expected to implement significant upward adjustments across all fuel products starting Tuesday.
GDP likely rose 5.8% in 2Q on stronger consumption — BPI
The economy likely expanded 5.8 percent in the second quarter this year, improving from 5.4 percent in 1Q but still lagging the 6.5 percent growth seen in 2Q 2024, according to the Bank of the Philippine Islands (BPI). The uptick, lead BPI economist Jun Neri said, was mainly driven by household consumption, buoyed by election-related outlays, cooling inflation, and sustained consumer lending.
