The government attributed the easing of inflation in July to lower transport costs, improving supply conditions, and sustained interventions, even as officials vowed to continue measures aimed at stabilizing food prices and shielding vulnerable households from rising living costs. The Philippine...
The World Bank urged the Philippines to accelerate power sector reforms to lower electricity costs and reduce its dependence on imported fuel, saying cheaper and more reliable power has become critical to sustaining economic growth, attracting investments, and reducing poverty after the country’s...
A “triple threat” of crude oil prices topping $80 per barrel, Metro Manila’s ₱85 daily wage hike, and severe El Niño conditions could push third-quarter Philippine inflation back to levels seen during the height of the Middle East crisis and prompt the Bangko Sentral ng Pilipinas (BSP) to...
The Asian Development Bank (ADB) slashed its Philippine economic growth forecast to 3.8 percent this year, which, if realized, would be the country’s slowest post-pandemic expansion amid delayed investments, higher inflation, and risks from climate shocks. In its Asian Development Outlook (ADO)...
Inflation, or year-on-year consumer price increases, slowed slightly to 6.4 percent in June as gas prices eased, even as the headline rate continued to be much higher compared with year-ago levels. National Statistician Claire Dennis S. Mapa noted during a press briefing on Tuesday, July 7, that...
Factory gate prices accelerated further in May, bucking the easing in consumer inflation as higher manufacturing costs reached their fastest pace in more than three years, driven mainly by the electronics industry. The latest preliminary Philippine Statistics Authority (PSA) data on Tuesday, June...
Think tank Capital Economics expects the Philippine economy to grow below the government’s downgraded targets over the next three years, warning that the country’s recovery would likely remain sluggish as weak confidence, tight fiscal policy, and the lingering impact of recent shocks weigh on...
Philippine bond yields posted one of the largest increases in emerging East Asia in recent months as the war in the Middle East fueled inflation, prompted tighter monetary policy, and heightened investor concerns over the country’s economic vulnerabilities, according to the Asian Development Bank...
De La Salle University (DLSU) economists have lowered their 2026 economic growth forecast anew, warning that mounting global and domestic shocks could leave the Philippine economy posting its slowest post-pandemic expansion this year. In their latest report on the Philippine economy for June 2026...
The World Bank Group (WBG) has lowered its 2026 growth forecast for the Philippines to 3.7 percent, warning that the ongoing war in the Middle East is weighing heavily on energy-importing economies and threatening to push global growth to its weakest pace since the onset of the Covid-19 pandemic....
Rising living costs are forcing more Filipino households to sacrifice long-term financial security in order to cope with immediate financial pressures, according to the latest Financial Resilience Index released by Sun Life Philippines. In a statement on Thursday, June 11, the insurer said its...
The Bangko Sentral ng Pilipinas (BSP) would likely continue hiking interest rates this year despite the lower-than-expected inflation rate in May, even as the pace of monetary policy tightening may be more gradual as economic growth remains subdued, according to Singapore-based United Overseas Bank...
