Artificial intelligence (AI) could inject as much as ₱1.8 trillion (about US$31 billion) into the Philippine economy, equivalent to a 7-percent boost to the country’s 2024 gross value added (GVA), according to a new report by London-based public policy research agency Public First.
Online gambling is one of the fastest-growing segments of the Philippine gambling industry, contributing a large share of the Philippine Amusement and Gaming Corp.’s income. But with only 40 percent of operators under regulation, policymakers warn of potential harm to vulnerable groups.
The Philippine economy expanded by 5.5 percent year-on-year in the second quarter of 2025, driven by strong performance in services, public administration, and consumer spending, the Philippine Statistics Authority (PSA) reported.
Tourism contributed 8.9 percent to the Philippines' gross domestic product (GDP) in 2024, according to the latest Tourism Satellite Account compiled by the Philippine Statistics Authority (PSA).
The Philippine economy remains resilient in the face of escalating geopolitical risks in the Middle East, BPI Securities Corp. said, citing stable inflation and improved domestic supply conditions as key anchors of investor sentiment.
Government and business leaders will gather on June 16 at the Fairmont Hotel in Makati for the Economic Journalists Association of the Philippines (EJAP) Infrastructure Forum.
The Japan Credit Rating Agency Ltd. (JCR) has reaffirmed its ‘A-’ credit rating with a stable outlook for the Philippines, citing the country’s robust economic fundamentals, effective policy measures, and solid progress in fiscal reforms.
The continued easing of inflation to 1.4 percent in April, its lowest since 2019, bolsters the case for a potential interest rate cut by the Bangko Sentral ng Pilipinas.
Local banks are getting a competitive boost as the Bangko Sentral ng Pilipinas (BSP) slashes the reserve requirement ratio (RRR) by 200 basis points, injecting at least P300 billion into the financial system, according to the Bank of the Philippine Islands (BPI).