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.
Alex Eala’s Asian Games gold-medal dream began Thursday like a script written for a Filipino tennis fairy tale. It ended instead with a familiar piece of hardware.
The government, led by the Department of Agriculture (DA) and Sugar Regulatory Administration (SRA), is stepping up coordinated efforts to tackle challenges facing the sugar industry, from destructive pests to rising costs and market competition. Under the direction of President Ferdinand Marcos Jr., the agencies are rolling out immediate support and policy reforms to secure production, sustain thousands of jobs, and keep fair prices and steady supplies for Filipino consumers.
The country’s four-month streak of slowing price increases is poised to come to a sharp halt, with headline inflation projected to accelerate to 6.9 percent year-on-year in September, up from 6.1 percent in August.
Pag-IBIG Fund and Megawide Construction Corp. have reached a key construction milestone for the Expanded Pambansang Pabahay para sa Pilipino Program (4PH), with two buildings at JAB Residences in Dasmariñas City, Cavite completing their main structural works.