Jaime Augusto Zobel de Ayala, chairman of Ayala Corp., struck a cautiously optimistic tone on the Philippines’ economic outlook, projecting a rebound as near-term risks begin to ease and structural strengths remain intact.
The Philippines faces a markedly weaker growth trajectory after the International Monetary Fund (IMF) cut its 2026 expansion forecast to 4.1 percent, citing intensifying global shocks and a softer domestic backdrop.
Rising geopolitical tensions in the Middle East and the looming effects of El Niño are emerging as twin headwinds to Philippine growth, with remittances and inflation pressures forming a potentially volatile mix.
Economic Planning Secretary Arsenio Balisacan cautioned lawmakers that a prolonged Middle East conflict could trigger a severe economic shock in the Philippines, with surging oil prices threatening to reverse gains in poverty reduction.
Treasury bill yields continued to ease at Monday’s auction as investors positioned for a possible shift toward monetary easing by the Bangko Sentral ng Pilipinas (BSP) amid weakening economic momentum.
Converge ICT Solutions Inc. has secured a historic triple distinction at the 2026 HR Asia Best Companies to Work for in Asia Awards, cementing its reputation as a leading Philippine employer. The fiber broadband and tech provider took home top honours across three categories: Best Companies to Work for in Asia, Diversity, Equity and Inclusion, and Sustainable Workplace.
Ayala Corp. chairman Jaime Augusto Zobel has called on Philippine businesses to look beyond competition and work together on national priorities, arguing that long-term corporate success depends on a healthier, better-educated and more inclusive society.
The Bases Conversion and Development Authority (BCDA) is stepping up efforts to unlock the economic potential of government-owned land, signing four agreements to introduce tourism, commercial and community facilities in New Clark City and Camp John Hay.