The Philippine economy lost further momentum in the third quarter as higher consumer prices, declining agricultural output, and weak investment weighed on domestic activity, leaving services as the principal source of growth.
Growth in its education business helped PHINMA Corp. offset losses in construction materials and property development, allowing the conglomerate to post net income attributable to its parent company of P306.19 million in the first nine months of 2026.
The government’s two major automotive manufacturing incentive programs are facing implementation delays, with the Electric Vehicle Incentive Strategy (EVIS) now expected to begin accepting applications in January 2027, while funding and regulatory requirements continue to hold back a parallel industry support scheme.
Philippine merchandise exports are on track to breach USD100 billion in 2026, buoyed by electronics and semiconductor shipments, although a weakening peso and unpredictable US trade policies threaten to complicate the industry’s growth prospects.
Philippine stocks and the peso face another testing week as investors weigh the third-quarter economic growth figures against stubborn inflation, with both developments likely to reinforce expectations of another interest rate hike before year-end.
Lawyer Juan Alfonso “Alfie” D. Suarez, Chief People, Corporate Services and Sustainability Officer of EastWest, has been named a People Manager Exemplar by the People Management Association of the Philippines (PMAP). The award celebrates his more than three decades of championing people-centered growth, building strong leadership pipelines, and creating positive workplace cultures.
Philippine businesses scored 72 out of 100 in the country’s first Business Trust Index, barely clearing the stability threshold, with real estate emerging as the least trusted of nine sectors surveyed.
Converge ICT Solutions Inc. remains confident in its long-term growth outlook, even as inflation, high energy costs and broader economic pressures continue to pose challenges, the company announced on Monday.
The Philippines’ plan to introduce nuclear power will depend less on installed-capacity targets than on whether proposed projects can deliver affordable electricity, meet local demand, and satisfy stringent safety requirements, nuclear and energy experts said.