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Opinion
A week of unfortunate events: Ay, naku!
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.
Trade & Investments
Zobel sees global trade realignment opening opportunities for ASEAN
The shifting global trade landscape, driven by higher US tariffs and tensions between Washington and Beijing, presents ASEAN with an opportunity to attract investment and strengthen its role in global supply chains, but countries must first make it easier for businesses to operate across borders, Ayala Corp. chairman Jaime Augusto Zobel de Ayala said.
Transport & Logistics
Aznar Shipping expands Western Visayas network with new RORO route
Aznar Shipping Corp. has expanded its Western Visayas network with the launch of a Bacolod-Dumangas route, deploying a new roll-on/roll-off (RORO) vessel to strengthen transport links between Negros and Panay as it pursues a broader fleet and infrastructure expansion.
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