Top News
Households and businesses signal turnaround as economic optimism rebounds
Economic sentiment across the Philippines is turning a corner as both families and business owners show growing confidence in their financial future.
Housing market softens as regional divergence hits record slowdown
Residential property prices across the country experienced a significant cooling period in the second quarter of 2026, registering their slowest year-on-year growth rate since tracking began in 2019, according to the Bangko Sentral ng Pilipinas (BSP). While property values in the National Capital Region continued to expand, this upward momentum was dragged down by a widespread price drop in regions outside the capital. The downturn, the BSP noted, was most pronounced in regions beyond Greater Manila, marking the first time overall prices outside the capital region have contracted on an annual basis and signaling a clear shift in the country's housing dynamics.
ADB approves $1.5-B emergency loan to cushion Philippines from Middle East conflict
The Asian Development Bank (ADB) has approved a $1.5 billion financing package for the Philippines, delivering critical financial support to help the country absorb the spillover effects of ongoing conflict in the Middle East.
Corruption, inflation drain P2.75T from economy
Corruption and inflation may have cost the Philippine economy an estimated P2.75 trillion over the 12 months to the second quarter of 2026, Senate President Sherwin Gatchalian said Thursday, as lawmakers launched an inquiry into the country’s slowing growth and weakening investment.
PH growth seen rebounding to 5.1% in 2027, ADB says, though risks remain
The Philippine economy is set to return to solid growth in 2027, supported by stronger services and industry activity plus timely government spending on key infrastructure, according to the Asian Development Bank’s latest outlook released today. Gross domestic product is projected to expand 3.3 percent this year before rising to 5.1 percent in 2027 — a slightly slower pace than previously estimated in July, as prolonged tensions in the Middle East and higher global commodity prices have weighed on investments and raised costs.
