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.
DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tired Gantry (RTG) cranes at Manila South Harbor, boosting capacity while advancing safer, more efficient and low-emission operations.
A senior official of the Bangko Sentral ng Pilipinas (BSP) has received a prestigious international award for outstanding leadership in advancing inclusive green finance, highlighting the country’s progress toward a more sustainable financial sector.
Philippine Aurion Solar Technologies Inc. is investing over P3.34 billion to build a solar cells manufacturing facility within the First Philippine Industrial Park (FPIP) in Sto. Tomas, Batangas.
Filipinos should start planning their Christmas spending as early as September to avoid a holiday debt hangover, consumer finance platform Skyro said, as financed purchases typically accelerate during the final months of the year.