Top News
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.
Developing Asia-Pacific growth steadies at 5% in 2026, Philippines part of resilient trend— ADB
Economic growth across developing Asia and the Pacific will ease to 5 percent this year from 5.5 percent in 2025, then edge up to 5.1 percent in 2027, the Asian Development Bank (ADB) reported Wednesday. The 2026 forecast is a slight upgrade — 0.1 percentage points higher than the bank’s July outlook.
ASEAN ministers advance 19 Philippine economic priorities
ASEAN economic ministers have put 19 Philippine-led priorities on track for completion this year, advancing a regional digital trade pact, a semiconductor roadmap and new trade and investment initiatives ahead of the bloc’s November summit.
