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.
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.
BDO Unibank’s BDO Kabayan Facebook Page has earned an Award of Merit in the Social Media category at the Philippine Quill Awards for the second straight year, this time for its campaign “Alagang Kabayan: Where Every Kabayan Belongs.”
The Philippine government’s budget deficit widened sharply in July as spending surged to support major programs and infrastructure projects, outpacing a modest increase in revenues.