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.
Australia is launching a P2-billion economic program in the Philippines to attract investment, advance business reforms and strengthen fiscal management over the next five years.
Tuesday at the Asian Games handed Gilas Pilipinas women two very different basketball lessons. The 3x3 side found its footing, while the 5x5 squad was reminded that the climb remains a steep one.
The Department of Agriculture is advancing millet as a corn alternative for animal feed — drawing lessons from India — to stabilize supplies, cut production costs, and boost domestic carabao and dairy output.
The Department of Energy is moving to stabilize the Visayas power supply after the grid returned to yellow and red alerts this week, just days after without any warnings.