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.
The Chamber of Real Estate and Builders’ Associations Inc. (CREBA) will bring developers, policymakers, and housing stakeholders together in Cebu City in October to push reforms aimed at speeding up housing production and making homeownership more affordable.
The Philippine motorcycle industry is taking a bigger role in shaping ASEAN standards and regulations after the Motorcycle Development Program Participants Association (MDPPA) was elected to chair the region’s key motorcycle technical committee through 2029.
Concertgoers may be forgiven for wanting to take home more than a souvenir shirt or a blurry selfie. But when the camera keeps rolling long after the favorite song starts, the Intellectual Property Office of the Philippines (IPOPHL) says fans could be crossing a legal line.