Tag: GDP

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Middle East tensions, El Niño cloud Philippine growth outlook

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 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.

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MRT-7 partial opening targeted for Q2 2027; KORAIL to support operations

The Department of Transportation (DOTr) aims to partially open the Metro Rail Transit Line 7 (MRT-7) by the second quarter of 2027, with its first 12 stations set to begin service.

DTI widens export push amid double-digit growth

The Department of Trade and Industry (DTI) is stepping up efforts to expand market access for Philippine exporters as merchandise shipments sustained double-digit growth in the first five months of 2026, signaling resilient external demand despite global trade uncertainties.

Fintech app Salmon aims to remove stigma of “utang” with rewarding credit products

The fast-growing fintech company Salmon has launched a new campaign aimed at reshaping how Filipinos view borrowing, shifting the perception of debt from a source of stress to a positive financial tool.

US investors eye Philippine growth hubs for expansion

More than 25 US business executives and investors will visit the Philippines next week to explore opportunities in high-growth industries, signaling sustained American interest in one of Southeast Asia's fastest-growing economies.

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