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.
There was a time when watching a basketball game largely meant arguing about the referee, questioning the coach’s substitutions, and insisting that the player who missed three free throws should have been benched in the second quarter. These remain perfectly respectable ways to ruin a Sunday afternoon. Of late, however, there is increasingly another reason to get worked up over a game: money.
The Department of Public Works and Highways (DPWH) has officially kicked off the second phase of southbound EDSA rehabilitation, with operations resuming the evening of October 16, covering key stretches from Balintawak down to Monumento.
Island business chambers across the Visayas are being urged to lead destination marketing and turn regional connectivity into stronger local business opportunities, as the Visayas Island-Chambers Tourism Alliance (VITA) advances a Cebu-linked tourism strategy.
Demand for Apple’s new iPhone 18 lineup stays robust even amid economic headwinds and premium pricing, according to Globe Telecom Inc. “The demand is still there,” Jo Anne Pique, Globe’s postpaid business head, told reporters, noting financial pressures have not dampened interest in the latest models.