Tag: GDP

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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.

Economic Planning chief warns oil shock may worsen poverty, slow growth

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.

Rate-cut expectations pull T-bill yields down

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.

PSEi steady above 6,000 amid mixed signals

Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.

Philippines tops ASEAN tourism GDP, jobs race

The Philippines has emerged as ASEAN’s top tourism economy, leading the region in tourism’s contribution to gross domestic product and ranking among the strongest job creators, according to the 2025 World Travel and Tourism Council (WTTC) Economic Impact Report.

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Cebu sees surge in interest from Vietnamese summer travellers

Cebu has emerged as the fastest-growing destination for Vietnamese tourists ahead of the upcoming summer travel season, according to data from the digital travel platform Agoda.

Hino Philippines leverages global alliance for advanced, sustainable mobility solutions

Hino Motors Philippines (HMP) says strategic international collaboration is key to delivering modern mobility solutions as the country’s logistics, construction, and public transport sectors advance. This follows the official entry of ARCHION, the commercial vehicle group uniting Hino and Mitsubishi Fuso, into the Commercial Japan Partnership Technologies (CJPT), taking over Hino Motors Ltd.’s seat as part of the two brands’ business integration.

NQX Philippines named Top Employer Brand for third year in series 

NQX Philippines has been recognized as one of the country’s Best Employer Brands for 2026, marking its third consecutive win of the award. Endorsed by CHRO Asia, the honor acknowledges the firm’s strong human resources practices and people-focused workplace culture.

EastWest Horizons Club offers cash rebates for new members 

EastWest Bank is launching a special promotion to reward Filipinos growing their savings and building their wealth, making their next financial step even more beneficial. Running from June 1 to July 31, 2026, the Horizons Welcome Rewards Promo gives cash rebates to new customers who join the EastWest Horizons Club and place funds in qualified deposit accounts.

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