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The Philippines continues to receive investment pledges despite the ongoing investigation into alleged corruption in flood-control infrastructure projects, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick D. Go said Thursday.

The Bangko Sentral ng Pilipinas (BSP) unexpectedly cut its benchmark interest rate by 25 basis points to 4.75 percent during its rate-setting meeting today, defying widespread market expectations of a hold at 5 percent.

Pervasive corruption—both in government offices and private boardrooms—along with slow and opaque bureaucracy, high logistics costs, and congested infrastructure continue to undermine the Philippines’ ability to attract foreign investment and sustain economic growth, according to the latest assessment from the US State Department.

The Philippine Statistics Authority (PSA) on Tuesday reported a slight improvement in the country's labor market in August 2025, with the unemployment rate easing to 3.9 percent from 4 percent in the same month last year. 

Headline inflation in the Philippines quickened to 1.7 percent in September, the fastest pace since March, as rising transport, food, and restaurant costs drove up consumer prices, the Philippine Statistics Authority (PSA) reported on Tuesday.