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).
The government has retained the projected local output growth measured as the gross domestic product (GDP) at 7.6 percent in the third quarter of 2022, according to National Statistician Dennis Mapa.
Philippine fintech firm GCash has launched Tap to Pay, a new contactless payment feature that allows users to make transactions by simply tapping their NFC-enabled Android phones on Mastercard-accepting terminals worldwide.
Victoria International Container Terminal (VICT), the Australian subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a comprehensive enterprise agreement with local unions, securing labor conditions across its operations until March 2029.
Cebu Pacific will launch daily direct flights between Cebu and El Nido beginning 26 October, further strengthening its domestic network and enhancing inter-island connectivity in the Philippines.
San Miguel Corp. (SMC) has formalized a partnership with the Quezon City government in a newly signed memorandum of agreement (MOA) to scale up flood control and river rehabilitation efforts under its Better Rivers PH program.