The Federal Reserve cut interest rates by a quarter percentage point on Wednesday after noting cooler labor-market momentum and persistent uncertainty surrounding the economic outlook.
The Asian Development Bank (ADB) has downgraded its growth forecast for the Philippine economy for this year and in 2026, contrasting with its upward revisions for the rest of developing Asia. The Manila-based regional lender cited reduced public infrastructure spending following investigations into controversial flood-control projects as a key drag on economic momentum.
Foreign direct investment (FDI) into the country reached US$320 million in September 2025, with Japan remaining the largest investor and manufacturing as the top recipient sector, the Bangko Sentral ng Pilipinas said on Wednesday.
The labor market strengthened in October as more Filipinos streamed into the workforce, even as unemployment rose from last year’s lows, data from the Philippine Statistics Authority showed Wednesday.