Top News
ADB trims Philippine growth outlook as inflation surges
The Asian Development Bank (ADB) has cut its growth forecasts for the Philippines, warning that the economic fallout from the Middle East conflict is dampening investments, squeezing consumer spending, and stoking inflation, even as the country remains one of Southeast Asia's fastest-growing economies.
DBCC cuts medium-term growth goals, keeps long-term targets
The government has lowered its medium-term economic and fiscal targets, adopting a more cautious outlook as global uncertainty, persistent inflation, and climate risks weigh on the Philippine economy, while reaffirming its commitment to long-term growth and fiscal stability.
Marcos signals more regional wage hikes ahead nationwide
President Ferdinand Marcos Jr. said more Filipino workers could receive higher minimum wages in the coming months as regional wage boards move closer to completing reviews that could lead to additional pay increases across the country.
Globe finally launches Starlink-powered service for coverage beyond cellular networks
Globe Telecom has introduced its new Globe Starlink service, delivering mobile connectivity to areas outside the reach of traditional cell sites, following its official launch in January and successful pilot tests earlier this year.
Jobless rate rise in May, underemployment rate eases
The Philippines' unemployment rate climbed to 4.8 percent in May, the highest in a year, as fewer Filipinos found work despite a modest month-on-month increase in employment, underscoring persistent cracks in the labor market.
