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.
Mactan-Cebu International Airport (MCIA) has received two passenger experience recognitions from Airports Council International (ACI), including a second consecutive award in the 5–15 million passenger category.
The math, more than politics, may hold the key to Vice President Sara Duterte’s political future. And the numbers could be settled within the next two weeks, when the Senate, sitting as an impeachment tribunal, decides which denominator should be used in determining the votes needed for conviction or acquittal.
ABS-CBN Corp. is seeking shareholder approval for a P4.5-billion capital increase and a two-seat board expansion, reshaping its corporate structure as two new directors are nominated to join the company’s governing body.
Shell Energy Philippines Inc. (SEPH) has entered a second 15-year power supply agreement with Greenlight Renewables Holdings Inc. via its unit San Isidro Solar Power Corp., securing an additional 120 megawatts peak (MWp) from the second phase of the San Isidro solar power project in Leyte. Announced Tuesday, the new deal follows an earlier 15-year agreement for the project’s first phase, bringing the total solar capacity SEPH will source from Greenlight Renewables to 240 MWp.