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.
Meralco, led by Manuel V. Pangilinan, took home nine Excellence and Merit trophies at the 22nd Philippine Quill Awards, marking another strong showing in the country’s top business communication honors.
Aboitiz Foundation is deepening partnerships with the League of Municipalities of the Philippines (LMP) and the Technical Education and Skills Development Authority (TESDA) to expand education, livelihood, and sustainability programs nationwide.
The Subic Bay Metropolitan Authority is handing a key port payment function to private operator Subic Bay International Terminal Corp., aiming to make fee collection faster and less cumbersome for businesses using the Port of Subic.
LG Electronics will showcase its 2026 AI TV lineup at IFA Berlin, September 4–8, putting artificial intelligence front and center for a more intuitive, user-first experience.