Tag: GDP

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IMF slashes Philippines 2026 growth outlook sharply

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.

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.

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ICTSI secures MICT operations for another 25 years

International Container Terminal Services, Inc. (ICTSI) has extended its contract to run the Manila International Container Terminal (MICT) for another 25 years, keeping operations until May 2063.

Philippine exports hit record as electronics drive surge

Philippine merchandise exports surged to a record USD8.8 billion in June, the highest monthly level since official records began in 1991, fueled by booming electronics shipments and strengthening global demand for advanced manufacturing products.

Malampaya gas deal to cut power costs by September

Prime Energy will begin supplying indigenous Malampaya natural gas to the 1,200-megawatt Ilijan Power Plant in September, a move expected to lower electricity costs by reducing the plant's dependence on more expensive imported fuel.

Ayala Land leads Philippine winners at regional HR awards

Ayala Land Inc. emerged as the biggest Philippine winner at the 2026 Human Capital Awards Southeast Asia, reflecting the growing role of talent strategy and workplace innovation as competitive advantages beyond traditional business metrics.

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