Keisha Ta-asan
Business Reporter at The Philippine Star (Philippine )
Business Reporter for the @PhilippineStar 🗞️
Articles
-
2 days ago |
philstar.com | Keisha Ta-asan
MANILA, Philippines — The International Monetary Fund (IMF) has slashed its economic growth forecast for the Philippines this year, citing weaker global demand, trade-related headwinds and the effects of financial tightening. In its latest World Economic Outlook (WEO), the IMF revised its 2025 gross domestic product (GDP) forecast for the Philippines to 5.5 percent from 6.1 percent previously.
-
3 days ago |
philstar.com | Keisha Ta-asan
MANILA, Philippines — The Philippine economy remains one of the most resilient in the region amid escalating global recessionary risks and heightened trade tensions, according to banks. Bank of the Philippine Islands president and CEO Jose Teodoro Limcaoco said the country remains relatively insulated from global recession risks due to its strong domestic consumption and controlled inflation.
-
3 days ago |
philstar.com | Keisha Ta-asan
MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) started the year strong with a nine percent year-on-year increase in net income to P16.6 billion for the first quarter of 2025, driven by sustained loan growth, solid margins and disciplined cost management. The listed bank said the improved profitability came on the back of a 13.1 percent growth in revenues, which outpaced the 12.7 percent rise in operating expenses, continuing a positive trend in operating leverage.
-
3 days ago |
philstar.com | Keisha Ta-asan
MANILA, Philippines — The Philippines swung to a balance of payments (BOP) deficit in March as the government tapped its dollar reserves to settle foreign debt, the Bangko Sentral ng Pilipinas said yesterday. Based on BSP data, the country’s BOP position recorded a $2 billion shortfall in March, a reversal from the $1.17 billion surplus posted in the same month last year. The BOP summarizes the country’s transactions with the rest of the world.
-
3 days ago |
philstar.com | Keisha Ta-asan
MANILA, Philippines — State-run Philippine Deposit Insurance Corp. (PDIC) has enhanced its loan settlement program to offer bigger incentives and wider coverage for borrowers of closed banks, aiming to help more people settle their debts and avoid foreclosure. Now rebranded as the Closed Bank Loan Incentive Program (CLIP) 3.0, the program offers higher discounts and expanded eligibility to borrowers willing to settle their outstanding loans in full through a one-time cash payment.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 317
- Tweets
- 911
- DMs Open
- No
The Philippines’ external debt service burden significantly dropped to $799 million in January, nearly half of the $1.75 billion recorded in the same month last year. https://t.co/WVWbPP1nCe
Global financial services giant J.P. Morgan is set to launch its cutting-edge AI-powered invoice reconciliation service in the Philippines this May, a move aimed at further accelerating the country’s digital payments transformation. https://t.co/LrCf3e4eex
BREAKING: The Bangko Sentral ng Pilipinas cuts the key policy rate by 25 basis points to 5.5%, resuming its easing cycle as inflation remains within target. | @PhilippineStar