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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DPWH eyes P1.5B Taft drainage overhaul

Construction 0
The Department of Public Works and Highways is proposing a P1.5-billion drainage rehabilitation project for the entire stretch of Taft Avenue as the government intensifies efforts to address recurring flooding in Metro Manila’s key transport corridors.

Fuel prices drop over P4 per liter this week

Energy & Mining 0
The Department of Energy (DOE) confirmed fuel companies will roll back pump prices sharply this week, with cuts exceeding P4 per liter across all major products.

StB GigaFactory, BCDA explore clean energy projects

Communications & Technology 0
StB GigaFactory Inc. is expanding its clean-energy ambitions in the Philippines, partnering with the Bases Conversion and Development Authority to explore renewable power, battery storage, and electric mobility projects that could support the growth of next-generation industries.

DBM to submit P7.2T 2027 budget

Context Dispatch 0
The Department of Budget and Management will submit the proposed P7.2-trillion 2027 National Expenditure Program to the House of Representatives on Tuesday, marking an increase from this year’s P6.793-trillion national budget. Palace spokesperson Atty. Claire Castro said the NEP, which the DBM formally turned over to President Ferdinand Marcos Jr. on Monday, prioritizes education, health, livelihood, security, and stronger communities under the theme “people-centered growth for an inclusive and resilient future.” Castro said the spending plan seeks to improve public services while creating more jobs and economic opportunities for Filipinos. The proposal now moves to Congress for scrutiny and approval.

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