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Philippine GDP remains one of Asia’s fastest growing in 2Q; growth 5.5%
The Philippine economy expanded by 5.5 percent year-on-year in the second quarter of 2025, the Philippine Statistics Authority reported, reflecting sustained domestic activity across sectors.
1Q GDP growth holds at 5.4% after revisions
Revisions to the first-quarter gross domestic product (GDP) kept economic growth steady at 5.4 percent, the Philippine Statistics Authority (PSA) said.
Data for second-quarter GDP...
Unemployment rises in June to 3.7% —PSA
The Philippines’ unemployment rate in June rose to 3.7 percent, up from 3.1 percent a year earlier, according to the latest Labor Force Survey released Wednesday by the Philippine Statistics Authority (PSA).
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.
