BSP: Economy to stay resilient
Manila Bulletin
|November 5, 2025
The Philippines' domestic-oriented economy is expected to shield the country from the full impact of global slowdowns, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Zeno Ronald R. Abenoja said.
-
Speaking at the BSP-Asian Development Bank (ADB) Association of Southeast Asian Nations (ASEAN) Economic Outlook webinar on Tuesday, Nov. 4, Abenoja highlighted that the central bank is closely monitoring global developments, including shifts in United States (US) trade policies and tariffs that could affect the Philippine economy.
On trade itself, Abenoja said, "Here the main impact will be on the slowdown in overall growth, and how that will affect the trade in goods sector."
Abenoja stressed that the Philippines is characterized as a relatively domestic-oriented economy compared to others in the region, emphasizing that the country's combined exports and imports account for less than 50 percent of the economy.
He also pointed out that the Philippines' trade partners, particularly on the export side, are more diversified, noting that the BSP currently believes the impact of global slowdowns through this channel is "very limited."
Cette histoire est tirée de l'édition November 5, 2025 de Manila Bulletin.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Manila Bulletin
Manila Bulletin
After securing Christmas season, PNP shifts focus to Traslacion
Following what it described as successful handling of security measures for the Christmas season, the Philippine National Police (PNP) has shifted its focus on securing the Feast of the Black Nazarene on Jan. 9 when millions of devotees are expected to converge in Manila for the annual religious activity.
2 mins
January 5, 2026
Manila Bulletin
AI demand ignites $49B export surge
The country's electronic exports are on track to hit $49 billion in 2025, reversing initial industry estimates of flat growth as demand for conventional and new technologies outweighs tariff uncertainties.
2 mins
January 5, 2026
Manila Bulletin
NG debt payments breach P2T ceiling
Surging past P2 trillion, the national government’s (NG) debt payments as of end-November 2025 have already exceeded the full-year 2024 level, as the Marcos Jr. administration doubled its efforts to settle due interest both at home and abroad, even as it scaled down principal payments.
1 mins
January 5, 2026
Manila Bulletin
US plans to 'run' Venezuela and tap its oil reserves – Trump
Hours after an audacious military operation that plucked leader Nicolás Maduro from power and removed him from the country, President Donald Trump said Saturday that the United States would run Venezuela at least temporarily and tap its vast oil reserves to sell to other nations.
6 mins
January 5, 2026
Manila Bulletin
Strengthening RCBC's foundation for next-generation banking
The Philippine financial sector is entering a new phase defined by AI adoption, hybrid cloud expansion, rising digital transaction volumes, and heightened cybersecurity and compliance requirements.
2 mins
January 5, 2026
Manila Bulletin
Positioning the Philippines in a volatile ASEAN region
As 2026 begins, the Philippines finds itself at a critical juncture in its engagement with Southeast Asia and the wider Indo-Pacific.
2 mins
January 5, 2026
Manila Bulletin
When celebration turns to tragedy: Lessons from Switzerland – and a painful echo from Ozone
The New Year fire in Crans Montana, Switzerland — a blaze that killed dozens of young people in a basement bar — shocked a nation known for order, discipline, and safety.
2 mins
January 5, 2026
Manila Bulletin
Marcos to sign P6.7-T budget today - Palace
\"Yes, signing is tomorrow,\" Gomez said in a text message.
1 min
January 5, 2026
Manila Bulletin
Bizman shoots self in private part
ALATAGAN, Batangas - A 54-year-old businessman was wounded after a gun tucked in his waist suddenly went off and hit his genitals during a drinking spree on Saturday night, Jan. 3, in Sitio Lipatan, Barangay Lucsuhin, here.
1 min
January 5, 2026
Manila Bulletin
Myanmar's military government releases more than 6,100 prisoners on independence anniversary
Myanmar's military government granted amnesty to more than 6,100 prisoners and reduced other inmates' sentences Sunday to mark the 78th anniversary of the country's independence from Britain.
1 mins
January 5, 2026
Listen
Translate
Change font size