Tag: GDP

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Zobel eyes 5% growth, rebound as risks ease

Economy Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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

Economy Context.ph Context.ph -
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

Banking & Insurance Context.ph Context.ph -
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.
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IT-BPM sector eyes $50.5B revenue, 2.14M jobs by 2028

Communications & Technology 0
The Philippine information technology-business process management (IT-BPM) industry is targeting USD50.5 billion in revenue and 2.14 million jobs by 2028, with plans to expand employment while shifting toward higher-value services.

Finance chief backs LPG, kerosene tax cuts, rejects gasoline tariff suspension

Economy 0
Finance Secretary Frederick Go has backed removing excise taxes on liquefied petroleum gas (LPG) and kerosene but rejected suspending taxes on gasoline and other fuels, citing an estimated P12 billion monthly revenue loss.

Philippines security adviser warns against substandard steel 

Construction 0
National Security Adviser Eduardo SL Oban Jr. warned Tuesday that substandard steel is a growing national security risk, threatening lives, critical infrastructure and the country’s defense supply chain.

Senate votes to revise impeachment vote threshold

Context Dispatch 0
The Senate, sitting as an impeachment court, voted 13-1 Wednesday to revise the voting threshold for convicting or acquitting Vice President Sara Duterte, counting only senators able to participate in the trial rather than all 24 members. Senator Francis Escudero, who presides over the proceedings, cast the lone dissenting vote, maintaining his earlier ruling that conviction requires 16 votes, or two-thirds of the full Senate. Six opposition senators declined to vote. Escudero said the new rule applies only to the current circumstances, with two senators detained, one on medical leave and another in hiding, and does not bind future impeachment courts. He added that fractions in calculating the two-thirds threshold would be rounded up. Defense lawyers reserved the right to challenge the ruling before the Supreme Court.

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