Stalled wage adjustments may have to wait longer for a rebound in Philippine economic growth after the Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) lowered its growth forecast for the country below the government’s annual targets. Citing weaker private consumption and muted...
With dust from the United States (US)-Iran war still swirling in the air, global inflation remains vulnerable to a sudden resurgence in oil prices, according to global investment banking giant Goldman Sachs, keeping the case for a preemptive hike in borrowing costs alive. Goldman Sachs has...
Local economic growth suffered from a severe contraction in investments and a construction slump, causing Southeast Asia’s growth to slow to five percent in the second quarter. In an Aug. 19 commentary, Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC) Group Research reported that the...
Further increasing the key borrowing cost to five percent is needed to curb still-elevated price pressures that are hurting consumers’ pockets, Frankfurt-based Deutsche Bank AG said. Deutsche Bank Research joined the hawkish consensus, pricing in a quarter-point hike at the monetary...
The Armed Forces of the Philippines (AFP) has observed a change in Chinese maritime activity in the West Philippine Sea (WPS), noting fewer warships and militia vessels but more coast guard and research ships in contested waters. Retired admiral Roy Vincent Trinidad, AFP spokesperson for WPS, said...
The perceived popularity of presidential aspirant Vice President Sara Duterte has taken a hit because of her ongoing Senate impeachment trial. Impeachment complaint endorser Manila 6th district Rep. Bienvenido “Benny” Abante Jr. gave this take over the weekend even as the trial continues to...
The Bangko Sentral ng Pilipinas (BSP) retains room for an additional 50 basis points (bps) of rate hikes at its remaining policy meetings, potentially closing the year with a benchmark rate of 5.25 percent, according to Japanese financial giant MUFG Bank Ltd. MUFG Global Markets Research wrote in...
The Commission on Higher Education (CHED) is pushing stronger regional cooperation to advance the responsible use of artificial intelligence (AI), expand academic partnerships, and promote innovation-driven, future-ready learning across the Asia-Pacific. CHED Executive Director Atty. Cinderella...
Global investment banking giant Goldman Sachs holds a more somber outlook for the Philippine economy after the post-pandemic low growth seen in the second quarter of 2026, citing muted consumer demand amid high inflation and slowing remittances from overseas Filipinos (OFs). Gross domestic product...
Frankfurt-based Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver another interest rate hike at its upcoming Aug. 27 policy meeting, despite slowing headline inflation and underperforming economic growth. In a commentary, Deutsche Bank projected a quarter-point increase this...
The Philippine economy faces an uphill battle in the second half of 2026 after posting its weakest post-pandemic growth, with private sector economists warning that faster infrastructure spending, easing inflation, and stronger investor confidence will determine whether the country can meet the...
Filipino consumers face a renewed risk of higher retail prices as manufacturers move to pass escalating production costs onto buyers, according to a Goldman Sachs Group Inc. report obtained by the Manila Bulletin. In the commentary, Goldman Sachs economists Chris Poh and Danny Suwanapruti noted...
