Tag: GDP

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Economic Planning chief warns oil shock may worsen poverty, slow growth

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.

Rate-cut expectations pull T-bill yields down

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.

PSEi steady above 6,000 amid mixed signals

Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.

Philippines tops ASEAN tourism GDP, jobs race

The Philippines has emerged as ASEAN’s top tourism economy, leading the region in tourism’s contribution to gross domestic product and ranking among the strongest job creators, according to the 2025 World Travel and Tourism Council (WTTC) Economic Impact Report.

Philippine GDP growth slows, services carry economy

The Philippine economy ended 2025 on a softer note, with gross domestic product growing 3.0 percent year on year in the fourth quarter, bringing full-year growth to 4.4 percent, according to data from the Philippine Statistics Authority. The figures point to an economy that is still expanding—but unevenly, with clear winners and laggards.

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PH sustainable fashion makes global splash in HK

The Philippines made a bold statement in the global sustainable fashion scene, raking in over USD322,000 in export sales at the Hong Kong Fashion and Home Expo 2026. Led by the Department of Trade and Industry (DTI) and CITEM, the delegation showcased the country’s unique blend of heritage, innovation, and eco-conscious design.

Kits Pinga takes helm at Pico de Loro

SM Hotels and Conventions Corporation (SMHCC) has appointed Kits Pinga as the new club general manager of Pico de Loro Beach & Country Club, signaling a renewed commitment to operational excellence and enriched member experiences across its leisure portfolio.

FPA sanctions fertilizer firms for rule breaches

The Fertilizer and Pesticide Authority (FPA) has suspended five fertilizer companies for violating fertilizer laws and policies, including selling counterfeit or substandard products, mislabeling goods, blocking official inspections, and moving items under regulatory hold. Some of these firms previously took part in government procurement and subsidy programs.

China’s pig import restrictions have no impact on trade – DA

The Department of Agriculture (DA) and Bureau of Animal Industry (BAI) said that China’s restrictions on imports of Philippine pigs, wild boar, and related products do not affect the country’s current trade performance, as the Philippines does not export these items to China at present.

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