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GDP likely rose 5.8% in 2Q on stronger consumption — BPI
The economy likely expanded 5.8 percent in the second quarter this year, improving from 5.4 percent in 1Q but still lagging the 6.5 percent growth seen in 2Q 2024, according to the Bank of the Philippine Islands (BPI). The uptick, lead BPI economist Jun Neri said, was mainly driven by household consumption, buoyed by election-related outlays, cooling inflation, and sustained consumer lending.
Gov’t debt up slightly in May amid strong domestic borrowing
The country's total outstanding government debt stood at P16.92 trillion as of end-May 2025, reflecting a modest 0.99 percent increase of P166.20 billion from April levels, according to the Bureau of the Treasury.
Electronics sales fuel export surge in June, trade deficit narrows
Philippine exports soared 26 percent year-on-year in June 2025 to USD7.02 billion, driven by a sharp rise in electronic product shipments, which helped narrow the country’s trade deficit to USD3.95 billion from USD 4.34 billion a year earlier, according to data from the Philippine Statistics Authority (PSA).
Marcos, Romualdez trust ratings up; Duterte, Escudero slip
President Ferdinand “Bongbong” Marcos Jr. and House Speaker Ferdinand Martin G. Romualdez posted gains in public trust and performance ratings, while Vice President Sara Duterte and Senate President Chiz Escudero saw significant declines, according to OCTA Research’s 2nd Quarter 2025 “Tugon ng Masa” (TNM) survey.
Gov’t expands budget to serve 15M households with subsidized rice
The Department of Agriculture (DA) announced finding ₱18 billion to expand the government's ₱20 per kilogram rice program next year, aiming to serve up to 15 million middle- and low-income households—about 60 million Filipinos.
