Tag: GDP

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Tourism’s GDP share eases as spending slips

The Philippines’ tourism sector posted a more nuanced performance in 2025: employment continued to rise, but its overall economic footprint softened, pointing to a recovery that is steady in participation but uneven in value generation.

Philippine economic growth faces fragile, conditional outlook

 The Philippine economy is entering 2026 on uneven footing, with growth expected to slow slightly and risks looming large, economist Jonathan Ravelas said on Wednesday.

Zobel eyes 5% growth, rebound as risks ease

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.

IMF slashes Philippines 2026 growth outlook sharply

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.

Middle East tensions, El Niño cloud Philippine growth outlook

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.

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Philippines pushes ASEAN-wide EV charging standards, supply chain links

The Philippines is seeking common electric vehicle (EV) charging standards and stronger cross-border supply chains across Southeast Asia to lower market barriers, attract investments and give local businesses greater access to the regional industry.

Meralco, LG showcase smart home solutions for energy efficiency 

Manila Electric Co. (Meralco) and LG Electronics Philippines have teamed up to demonstrate how connected appliances and energy management technologies can help Filipino households control electricity consumption while improving convenience.

Vietjet launches first direct Clark–Ho Chi Minh City flights, boosting PH–Vietnam business and tourism links

Vietjet has officially started direct flights between Clark and Ho Chi Minh City, marking the first nonstop air route connecting the two destinations and strengthening ties between the Philippines and Vietnam.

PAL launches forst non-stop Manila–Chicago flights

The Philippine Airlines (PAL) officially launched its first nonstop flights between Manila and Chicago today, marking a key expansion of the carrier's network in North America.

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