Filipinos cite rising costs and high underemployment that contradict the “economic milestone.”
QR Ph accounted for 55% of PayMongo’s 10 million transactions in the first half of 2026, surpassing cards, e-wallets, online banking, and BNPL services.
Philippine financial markets closed higher on Thursday as stocks posted a second straight day of gains while the peso edged up after two sessions of losses.
Yet 52% of Filipino families still say they are poor.
World Bank classification places the country in a broad mix of upper-middle income nations across Asia, Latin America, Africa and Europe.
PH factory activity logs a second month of growth as new orders hold firm, costs ease, and confidence softens despite improving output and supply conditions.
Stocks opened July on a positive note, but the peso weakened for a second straight session, reflecting mixed signals across Philippine financial markets.
The move removes InstaPay and PESONet fees for millions of users and raises questions on how banks will price digital transactions moving forward.
Manufacturing-led gains push PPI higher, while food manufacturing shows mixed movements across key categories.
Budget shortfall reaches ₱198.5 billion as lower non-tax collections offset gains in tax revenues.
