The Philippine tourism industry continued its strong post-pandemic recovery in 2024, contributing 8.9 percent to the country’s gross domestic product (GDP) and supporting nearly 7 million jobs, according to the Philippine Statistics Authority (PSA).
The Philippine economy grew by 5.4 percent in the first quarter of 2025, according to the Philippine Statistics Authority—a modest yet steady performance amid ongoing global uncertainty.
The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.
The Philippine Statistics Authority (PSA) has revised estimates for the country’s economic performance, covering both 2023 and 2024, with updates on quarterly and annual figures by industry and expenditure.
Emerging markets and developing economies like the Philippines were to collectively post output growth measured as the gross domestic product (GDP) averaging 4 percent this year, but higher next year to 4.2 percent, according to the International Monetary Fund (IMF).
EastWest Bank cardholders are now turning to contactless payments through Google Pay, which has recently become available in the Philippines for compatible Android and Wear OS devices. EastWest is among the first local banks to support the service, allowing customers to add their Visa or Mastercard credit cards to Google Wallet and pay with a simple tap of their phone.
Digital telco brand GOMO has launched a new set of services designed to make staying connected simpler, more flexible, and more worry-free for Filipinos, especially during the holiday season. The announcements were made at the “GOMO! New Rules” event, where the brand highlighted its belief that people should be able to live, travel, and connect on their own terms.
Residential property prices in the Philippines rose at a much slower pace in the third quarter, pointing to easing demand and more cautious activity in the housing market, according to data from the Bangko Sentral ng Pilipinas (BSP).
Diosdado “Dado” Banatao, the Filipino visionary whose intellect and determination left an indelible mark on Silicon Valley, passed away peacefully on December 25, 2025, at the age of 79, on the campus of his alma mater, Stanford University, surrounded by family and friends.