{"id":777021573,"date":"2024-12-17T09:36:23","date_gmt":"2024-12-17T12:36:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021573"},"modified":"2026-04-22T03:13:26","modified_gmt":"2026-04-22T06:13:26","slug":"philippines-gdp-to-grow-6-in-2025-maybank-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-gdp-to-grow-6-in-2025-maybank-says","title":{"rendered":"Philippines GDP to grow 6% in 2025, Maybank says"},"content":{"rendered":"\n

Analysts says growth will be driven by strong domestic demand.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Analysts at Maybank Securities <\/strong>have forecast that the Philippines’ gross domestic product (GDP) will grow by 6 per cent in 2025, following an expected increase of 5.8 per cent this year. Analysts based the forecast on strong domestic demand, higher private spending related to elections, rate cuts from Bangko Sentral ng Pilipinas and increased investments.<\/p>\n\n\n\n

Maybank has a positive outlook for the tourism sector and consumer confidence in the Philippines. A week ago, analyst Ronalyn Joyce Lalimo<\/strong> forecast that tourism could\u00a0fully recover\u00a0<\/strong>to 2019 pre-pandemic levels in 2025. He\u00a0said ongoing infrastructure improvements, including airport upgrades, could help boost tourism from markets like South Korea, the United States, Japan, and Australia.<\/p>\n\n\n\n

Maybank highlighted e-visa services for Chinese<\/a> and Indian visitors. Meanwhile, 43 projects underway under the Build Better More programme include five airport upgrades, including Ninoy Aquino International Airport (NAIA) and the New Manila International Airport. These will enhance capacity, with the new NAIA expected to handle 62 million passengers annually, up from 35 million.<\/p>\n\n\n\n

The\u00a0Department of Tourism (DOT)<\/strong>\u00a0has reported that the Philippines\u00a0received over 5.35 million tourist arrivals in the first eleven months of the year, including 432,439 entries from overseas Filipinos. For the full year,\u00a0the Philippines aims to attract 7.7 million arrivals<\/a>. However, Maybank noted fewer arrivals from China, which accounted for 21.2 per cent of arrivals in 2019 but only 5.6 per cent in the first eleven months of 2024.<\/p>\n\n\n\n

South Korea remains the biggest source market, accounting for 26.8 per cent of arrivals (1.44m). The United States was the second-biggest source market, with 839,635 arrivals (15.6 per cent). There were 352,630 arrivals from Japan.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts says growth will be driven by strong domestic demand.<\/p>\n","protected":false},"author":176,"featured_media":25402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Maybank Securities forecasts the Philippines' GDP to grow by 6% in 2025, driven by robust domestic demand, increased private spending, and central bank rate cuts. The outlook for the tourism sector is positive, with a full recovery to pre-pandemic levels anticipated in 2025, supported by significant infrastructure upgrades and e-visa initiatives. These developments are expected to enhance the nation's appeal to key international source markets.","focusai_entities":"Maybank Securities, Ronalyn Joyce Lalimo, Bangko Sentral ng Pilipinas, Department of Tourism (DOT)","focusai_location":"Philippines, South Korea, United States, Japan, Australia, China, India, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on IR GGR?","query":"How will the projected tourism recovery and airport capacity enhancements specifically translate into increased Gross Gaming Revenue (GGR) for integrated resorts in the Philippines?"},{"label":"Investment in gaming verticals?","query":"Given the positive economic outlook, what are the anticipated capital market implications for new investments or M&A activities within the Philippine iGaming and land-based casino verticals?"}],"footnotes":""},"categories":[157,16333],"tags":[229],"class_list":["post-777021573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777021573"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021573\/revisions"}],"predecessor-version":[{"id":777021577,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021573\/revisions\/777021577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}