The National Government added in the first three months of this year a total P309.45 billion to its outstanding debt, pushing the total to P14.93 billion, up 2.1 percent from December and 7.2 percent from the end of March 2023.
Agricultural loans and services as percent of the banks' loan portfolio in 2022 widened to 18.1 percent from only 17.6 percent in 2021, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Palay production in the first quarter was down 1.97 percent to 4.69 million metric tons, the latest estimate of the Philippine Statistics Authority showed.
The Manila Electric Co. (Meralco) is pursuing a pre-feasibility study with American firm Ultra Safe Nuclear Corp. to develop the technology for a micro-modular reactor the country can use before 2028.
Inflation across the Philippines is forecast to range as low as 3.5 percent but should not top 4.3 percent in April in latest simulations conducted by the Bangko Sentral ng Pilipinas (BSP).
The Philippines believes it can address concerns raised by the Office of the US Trade Representative (USTR) after Washington launched a new investigation into the country’s alleged shortcomings in enforcing restrictions on goods produced with forced labor.
The Philippines posted a US$5.7-billion balance of payments (BOP) deficit in 2025, equivalent to 1.2 percent of gross domestic product (GDP). This marked a reversal from the US$609-million surplus recorded in 2024.
The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.