The United States (US)-Association of Southeast Asian Nations (ASEAN) Business Council Inc. (USABC) is urging Southeast Asian governments to accelerate customs digitalization, harmonize trade procedures, strengthen anti-illicit trade enforcement, and deepen public-private cooperation to bolster...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Saturday, May 30, said Severe Tropical Storm Domeng (international name: Jangmi) has intensified into a typhoon while being monitored inside the Philippine Area of Responsibility (PAR). In an advisory...
Four global institutions have warned that the prolonged war in the Middle East is posing increasing risks to global energy security, food supplies, and economic growth as oil inventories continue to decline at a record pace. In a joint statement last Friday, May 29, the International Energy...
Philippine economic growth is seen falling to a new post-pandemic low of three percent this year as the lingering impacts of last year’s multi-billion-peso flood-control corruption scandal and the prolonged war in the Middle East weigh on investor and business confidence, according to think tank...
Philippine economic growth needs “a major impetus” after slowing to its weakest pace since the pandemic recovery period, with rising inflation, higher interest rates, and the prolonged Middle East conflict expected to weigh on the country’s property sector, according to property consultancy...
Nomura Holdings Inc., a Japanese investment and brokerage giant, has significantly downgraded its economic outlook for the Philippines as the nation struggles with energy security vulnerabilities and mounting inflationary pressures. A new report showed that Nomura has slashed its real gross...
The value and volume of domestic trade in the Philippines declined sharply in the first quarter of 2026 as escalating Middle East tensions toward the end of the quarter heightened prices and contributed to supply shortages, especially of fuel used to transport goods across the country. The latest...
The research arm of German lender Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver bigger interest rate hikes than previously anticipated as inflation risks intensify, while also lowering its economic growth forecasts for the Philippines amid mounting external pressures and...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
Philippine economic growth would continue to underperform this year and next as the country faces not only headwinds from a prolonged war in the Middle East but also domestic challenges related to politics and corruption, according to the Institute of International Finance (IIF). The IIF’s latest...
The Asia-Pacific Economic Cooperation (APEC) warned that economic growth across the region is expected to slow over the next two years as soaring oil prices, supply chain disruptions, and rising food costs linked to the worsening conflict in the Middle East weigh on trade and consumer demand. In...
The Quezon City government extended its condolences and provided assistance to the family of a 53-year-old woman who collapsed while waiting for her Assistance to Individuals in Crisis Situation (AICS) payout at Quezon City Hall on Tuesday, May 19. In a statement, the city government said the...
