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.
Globe Telecom is increasing its investment in data center infrastructure to meet growing demand for cloud services, artificial intelligence, streaming, gaming, and business applications.
Motorists using the Cavite-Laguna Expressway (CALAX) Subsection 3 will begin paying toll fees today, after getting approval from the Toll Regulatory Board (TRB). The toll applies to the stretch between Silang (Aguinaldo) Interchange and Governor’s Drive in General Trias, Cavite.
The latest raids by the Bureau of Internal Revenue on cockpits across Metro Manila and nearby provinces have put an increasingly lucrative, but largely opaque, revenue stream under the taxman’s microscope.
Luxury cars have long treated black as a kind of automotive shorthand for money, power, and seriousness. Now, scientists in China are trying to make the color so black that even black may have to make room.