The ASEAN+3 Macroeconomic Research Office (AMRO) has lowered its economic growth forecast for the Philippines for this year while maintaining its outlook for 2025 due to easing inflation and a less restrictive monetary policy. In a statement on Monday, Dec. 2, the regional think tank said the...
President Marcos tagged as "very worrisome" the sighting of a Russian attack submarine in the West Philippine Sea. Russian submarine Ufa 490 is detected by the Armed Forces of the Philippines (AFP) and escorted by the Philippine Navy while transiting the West Philippine Sea on Nov. 28, 2024. (Photo...
A Canadian trade mission composed of a "powerhouse delegation" is coming to the Philippines next week to promote business opportunities in Canada, the country's ambassador to Manila announced Wednesday, Nov. 27. Canadian Ambassador David Hartman said business representatives, entrepreneurs, and...
The economic team of President Ferdinand Marcos Jr. asserted that it is "business as usual" for the Philippine government, citing the nation’s resilience in the face of ongoing political unrest. In a joint statement released late Tuesday, Nov. 26, the economic managers cited the strength of the...
The United States has offered members of the Association of Southeast Asian Nations (ASEAN) its help to bolster their domain awareness to address cases of illegal intrusions and coercion. According to the US Defense Department, securing domain awareness is a foundational aspect of supporting its...
Special Assistant to the President for Investment and Economic Affairs and Co-Chair of the LEC Steering Committee Frederick D. Go leads discussions to further advance the LEC initiative among the Philippines’ tri-lateral partners, US and Japan during the 3rd LEC Steering Committee meeting in...
Following the lower-than-expected gross domestic product (GDP) growth of 5.2 percent in the third quarter, Citi Research expects that stronger domestic demand will prompt a shift to six percent growth for the last three months. Citi Philippines economist Nalin Chutchotitham has revised her...
Singapore-based DBS Bank is bullish that downward inflation and interest rates would bolster consumer spending as well as private investments in the Philippines even as economic growth would likely slow in the next two years. DBS Bank projects an average growth of 6.0 percent for this year, but...
The Asia-Pacific Economic Cooperation (APEC) has intensified its push for its own free-trade agreement among its 21 member-economies to complement as well as fill in the gaps of existing FTAs in the region. The 2024 APEC Leaders' Machu Picchu Declaration in Lima, Peru, last Nov. 16 also committed...
A ranking official of the United States Commerce has arrived in the Philippines to explore potential trade and investment opportunities in the country for American companies. Marisa Lago, undersecretary of US Commerce for International Trade, is now in Manila to advance US trade and investment...
The Philippines' chief economist is looking forward to benefits in case talks for a free-trade agreement (FTA) between the Philippines and the United States can be kickstarted when Donald J. Trump returns to the White House early next year. "Of course, we should" was Socioeconomic...
While the government maintains that a robust middle class will propel the country to a predominantly middle-class society within the next 15 years, economists warned that a lack of quality, stable jobs poses a threat to this goal. The National Economic and Development Authority (NEDA) said that a...
