Tag: Asian Development Bank (ADB)

ACMobility expects electric vehicle (EV) adoption in the Philippines to accelerate far beyond earlier projections, with industry penetration potentially reaching 50 percent by 2030, according to chief executive officer Jaime Alfonso Zobel.

A planned 4,000-acre artificial intelligence (AI)-driven industrial hub in New Clark City is being positioned as a major draw for foreign investments and a catalyst for reviving key Philippine industries, government officials said on Friday.

Consumer sentiment in the Philippines improved at the start of 2026, but both households and businesses are growing more cautious about the months ahead, according to surveys by the Bangko Sentral ng Pilipinas (BSP). The shifting outlook highlights the delicate balance policymakers face as they weigh inflation risks against slowing economic momentum.

Motorcycle taxi riders are welcoming short-term government financial assistance as fuel prices climb, but industry leaders say lasting protection will only come through legislation that secures their livelihoods.