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Debt-driven FDI pushes April inflows up 7.1%
Net foreign direct investment (FDI) into the Philippines reached US$610 million in April, up 7.1 percent year-on-year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Trump resets deadline on new tariffs to August 1
US President Donald Trump sent markets into a swirl on Tuesday by announcing a fresh deadline for imposing higher tariffs on imports.
Philippine jobless rate slides to 3.9% in May
The Philippines' unemployment rate eased in May, as the economy generated more jobs, reducing the number of Filipinos without work compared to both April this year and May of the previous year.
Bank lending accelerates amid ample liquidity
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).
Trade deficit in agricultural goods narrows in May—PSA data
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.
