Mactan-Cebu International Airport (MCIA), operated by Aboitiz InfraCapital Cebu Airport Corp. (ACAC), has warned that prolonged geopolitical tensions in the Middle East leading to higher global oil and jet fuel prices could potentially weigh on travel demand and its operations by early June. In a...
212 Motor Philippines entered the Philippine market at the Manila International Auto Show 2026 with the 212 T01 as its first model. The T01 traces its roots to the 1965 BAW BJ212, identified by the company as China’s first mass-produced 4x4 military utility vehicle. The current 212 brand...
UAAGI car brands boasted of a footprint at this year’s show that covered around 3,000 square meters. The multi-brand distributor occupied the western side of the World Trade Center for MIAS 2026, grouping BAIC, Chery, Foton, Lynk & Co, and Radar in one large shared display area. Its...
Developing economies including the Philippines are pressing the World Bank Group (WBG) to help reduce borrowing costs as the economic fallout from the Middle East conflict drives up oil prices, disrupts supply chains, and threatens growth and food security. In an April 16 statement delivered before...
The recent Manila International Auto Show (MIAS) came at an opportune time, capitalizing on a spike of interest in electrified vehicles amid a global fuel crisis and registering a milestone 180,600 visitors over four days this year. This year’s MIAS is the 21st staging, taking place at the World...
Multilateral development banks (MDBs) are stepping up coordination to cushion economies from the spillover effects of the Middle East conflict, citing rising energy costs, supply chain disruptions, and tighter financial conditions as immediate risks to growth and stability. In an April 17 joint...
The International Monetary Fund (IMF) urged the Philippines to exercise fiscal discipline and prioritize targeted spending as the country’s debt ratio is projected to breach a critical threshold this year amid volatile global energy markets. The Washington-based lender expects the general...
The International Monetary Fund (IMF), the World Bank (WB), and the Asian Development Bank (ADB) have, one after another, downgraded the country’s growth projections. This is largely due to the devastating effects of the ongoing Middle East conflict. These multilateral financial institutions...
The Geely EX2 made its Philippine debut at MIAS 2026, giving the brand a smaller battery electric vehicle for the local market. With a layout that immediately sets it apart from many rivals in the segment, the EX2 uses rear-wheel drive and a multi-link independent rear suspension, a less common...
BYD Cars Philippines opened its biggest local exhibit yet at the Manila International Auto Show 2026, filling its World Trade Center pavilion with its current electrified lineup and two more models lined up for the Philippine market later this year. The display included the Seagull, Atto 3, eMAX...
Stagflationary pressures are building in the Philippines as swift and pronounced spillovers from the Middle East conflict prompt the International Monetary Fund (IMF) to slash its growth forecast while anticipating above-target inflation. According to the IMF’s April 2026 World Economic Outlook...
International Finance Corp. (IFC), the private-sector lending arm of the World Bank Group (WBG), will invest up to $25 million in a structured debt fund that will finance financial technology (fintech) companies, including those operating in the Philippines. In an April 13 disclosure, IFC said its...
