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.
Chinese electric vehicle maker XPENG will enter the Philippine market in September, bringing an AI-focused mobility strategy to an increasingly crowded field of electric and new-energy vehicle brands.
Smart Communications, Inc. is scaling up its mobile network infrastructure here to deliver faster, more reliable connectivity in a key commercial and agricultural center of the Cordillera Administrative Region.
Jollibee Group has been honored as the first-ever Global Growth Champion at the inaugural Globie Awards, the official recognition program of the Global Restaurant Leadership Conference (GRLC), which gathers top executives from the worldwide restaurant and foodservice industry.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is asking Congress for stronger budget support to keep an estimated P18 billion investment pipeline moving, warning that a sharp funding cut could undermine the economic zone’s ability to attract investors.