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).
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.
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.
The Philippine stock market faces a more subdued outlook for 2025 as leading brokerages sharply lower their year-end forecasts for the Philippine Stock Exchange index (PSEi), citing disappointing foreign direct investment (FDI) inflows and muted corporate earnings growth.
Filipinos are heading into the second half of 2025 with a blend of financial hope and prudence, according to TransUnion’s Q2 2025 Consumer Pulse Study, which highlights a growing focus on income growth, debt management, and access to credit despite persistent economic pressures.