The Philippines is turning to the Asian Development Bank for a proposed $875.64-million loan to fund the second phase of the Improving Growth Corridors in Mindanao Road Project, focused on boosting road connectivity across the region.
The Department of Agriculture (DA) expects farm output to slow in the second half of the year as the Southwest Monsoon and a possible strong El Niño threaten production.
Foreign business groups are urging the Philippine government to speed up economic reforms, warning that slow implementation of existing laws could weaken the country’s competitiveness and limit investment opportunities.
The country’s cushion against global financial instability narrowed at the end of September 2026, with the nation's foreign exchange reserves slipping to $100 billion.
The Philippine unemployment rate fell sharply in August, but the improvement came with enough fine print to keep the labor market from declaring victory.