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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Eala serves notice with Wimbledon breakthrough win

Grass, it turns out, suits Alex Eala just fine.

Digital lender boosts app security, introduces ‘money lock’ features to fight rising digital fraud

CIMB Bank Philippines has upgraded its mobile banking app with new security features to protect its 10.6 million customers from rising digital fraud.

House prosecutors ready for Duterte impeachment trial

House prosecutors and private lawyers handling the impeachment case against Vice President Sara Duterte attended a "Mass for Truth, Justice and Accountability" at the Cubao Cathedral on Thursday, days before the Senate convenes as an impeachment court on July 6. Lead prosecutor and House Justice Committee Chair Gerville Luistro said the prosecution is fully prepared for trial. Private prosecutor Lorna Kapunan said the prosecution has lined up 57 witnesses, compared with more than 20 for the defense. Following the impeachment court's pre-trial order, prosecutors will first present the article involving Duterte's alleged threats against President Ferdinand R. Marcos Jr., First Lady Liza Araneta-Marcos and former Speaker Martin Romualdez. The VP is the only official to be impeached twice; her trial last year was stopped by the Supreme Court.

NPC, Tawi-Tawi LGU together bring solar power to border islands

The National Power Corp. (NPC) has signed an agreement with the Sitangkai local government in Tawi-Tawi to supply solar power to remote island communities near the Malaysian border.

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