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2 days ago | 
malaya.com.ph | Angela Celis
Singapore is ready to fully support the Philippines in advancing key regional initiatives when it leads the Association of Southeast Asian Nations (Asean) next year, the Department of Finance (DOF) said late Sunday.
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3 days ago | 
malaya.com.ph | Angela Celis
DEBT payments by the national government fell by a steep 65.31 percent in the first quarter from a year earlier, due largely to lower amortization, the Bureau of the Treasury (BTr) reported. Data posted on the BTr website as of Sunday showed debt payments in the first three months of 2025 stood at P342.023 billion, compared with P986.036 billion in January to March 2024. Amortization dropped 87.26 percent to P101.022 billion from P793.044 billion in the comparable period.
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6 days ago | 
malaya.com.ph | Angela Celis
THE Philippine economy grew 5.4 percent in the first quarter of 2025, slowing from 5.9 percent a year earlier, but still outperformed other economies in Asia, official data showed on Thursday. The pace of expansion in the country’s gross domestic product (GDP) in January to March as reported by the Philippine Statistics Authority (PSA) stood below the government’s assumption of 6 percent to 8 percent for full-year 2025.
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1 week ago | 
malaya.com.ph | Angela Celis
THE Philippines has the potential to become a $2 trillion economy by 2050 in a transformation engineered by strategic government intervention and reform, the secretary for the Department of Economy, Planning and Development (DEPDev) said.
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1 week ago | 
malaya.com.ph | Angela Celis
The Philippine unemployment rate stood at 3.9 percent in March, up slightly from 3.8 percent in February but steady in March last year, the Philippine Statistics Authority (PSA) reported on Wednesday. Underemployment, however, jumped to 13.4 percent in March from 10.1 percent in February and 11 percent in the year-earlier period, PSA data showed. The underemployment rate in March 2025 is the highest since April 2024’s 14.6 percent.
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1 week ago | 
malaya.com.ph | Angela Celis
The Philippines’ manufacturing output contracted by 0.2 percent in March, data from the Philippine Statistics Authority (PSA) showed, marking an easing of the contraction seen in the first two months of the year. Results of the PSA’s latest Monthly Integrated Survey of Selected Industries released on Wednesday showed that while factory output inched down in March, it was at a slower pace than the 5.1 percent drop recorded a year earlier and the 1.5 percent decline in February 2025.
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1 week ago | 
malaya.com.ph | Angela Celis
THE national government’s outstanding debt as of end-March inched up from the previous month’s level to a new high of P16.684 trillion, Bureau of the Treasury (BTr) data showed, marking a weight shift from external to local borrowings. The national government’s total debt stock rose by 0.31 percent from the P16.632 trillion recorded in February 2025 due to higher domestic borrowings during the period.
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1 week ago | 
malaya.com.ph | Angela Celis
The gross gaming revenues of the Philippine gaming industry reached P104.12 billion in the first quarter of the year, a 27.44 percent increase from P81.7 billion a year earlier, driven by the electronic games (e-games) sector. Philippine Amusement and Gaming Corp. (Pagcor) chairman and CEO Alejandro H. Tengco said in a statement on Wednesday this development marks a critical turning point for the gaming industry.
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1 week ago | 
malaya.com.ph | Angela Celis
The Philippine unemployment rate stood at 3.9 percent in March, up slightly from 3.8 percent in February but steady from March last year, the Philippine Statistics Authority (PSA) said. Underemployment, however, jumped to 13.4 percent in March from 10.1 percent from February and from 11 percent in the year-earlier period, PSA data showed. The underemployment rate in March 2025 is the highest since April 2024’s 14.6 percent, the PSA said.
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1 week ago | 
malaya.com.ph | Angela Celis
S&P Global Ratings said it sees the possibility of raising the Philippines’ investment grade credit rating within the next year or two, despite the uncertainty created by the tariff policies overseas. While global growth is expected to go through a significant slowdown, Rain Yin, director in the Soverein and International Public Finance Ratings group of S&P Global Ratings in Asia, sees the Philippines being less affected than other countries in the region.
