Top News
Consumer confidence falls in Q2 2026 amid price worries; business sentiment improves in May
The Bangko Sentral ng Pilipinas (BSP) on Friday reports that consumer confidence declined substantially in the second quarter of 2026, while business sentiment improved in May, reflecting differing expectations amid global and domestic economic conditions.
Corporate savings drive Philippines’ P8.4T surplus
The Philippine economy generated a record P8.40 trillion in gross savings in 2025, fueled largely by robust corporate earnings and rising national income, according to data released by the Philippine Statistics Authority (PSA).
DOT targets Korea rebound as US leads
The Department of Tourism (DOT) is moving to revive arrivals from South Korea after the country’s longtime top source market slipped this year, even as overall foreign visitor numbers continued to grow and the United States emerged as the Philippines’ largest inbound tourism market.
Chiongbians buy out CVC Capital from FAST Logistics
The Chiongbian family is taking back the wheel at FAST Logistics Group, reclaiming full ownership of one of the Philippines’ largest logistics providers and delivering a strong vote of confidence in the country’s long-term supply chain and economic growth story.
Foreign currency reserves stay robust at US$104 billion in May
The country’s gross international reserves (GIR) stood at US$104 billion at the end of May 2026, remaining at a level that ensures the country has enough foreign currency to meet import requirements, pay external debt obligations, and as a safety net against global economic disruptions. This serves as a key indicator of the nation’s ability to fulfill its foreign currency commitments.
