The Washington-based International Monetary Fund (IMF) has further lowered its 2026 and 2027 economic growth forecasts for the Philippines on the assessment that the country sustained deeper wounds from the Middle East war. According to the July update of the IMF’s flagship World Economic Outlook...
Camarines Sur-based lawmakers are prodding Congress to prioritize a proposed law providing job protection and incentives to so-called freelance or "gig industry" workers once the second regular session opens on July 27. Reps. Migz Villafuerte and Luigi Villafuerte of the province 's 5th...
Malacañang has stressed that the Philippines ' elevation to upper-middle-income country (UMIC) status does not mean economic difficulties have disappeared for ordinary Filipinos, with President Marcos vowing to continue government interventions for poor and vulnerable sectors. Speaking at a...
American financial giant Goldman Sachs Group Inc. expects the Bangko Sentral ng Pilipinas (BSP) to raise key borrowing costs through three more 25-basis-point (bp) hikes to 5.5 percent, citing the looming inflation threat from El Niño coupled with the oil shock—a “quicker” transmission of...
The government is looking to include 5,059 priority programs and projects (PAPs), with an investment requirement of almost ₱4.03 trillion, in the proposed 2027 national budget to sustain public investments, especially in infrastructure as well as social development. According to the Department of...
The Philippines ' achievement of upper middle-income status after nearly four decades validates the economic policies pursued by the administration and serves as a "vote of confidence" in the country 's future, President Marcos said. In a video message on Thursday, July 2, Marcos said...
Consumer prices likely moderated in June on the back of lower food and fuel costs, though sticky underlying pressures are poised to keep the central bank on a hawkish path. Headline inflation may have cooled to as low as six percent last month, the Bangko Sentral ng Pilipinas (BSP) said in a...
S&P Global Ratings has sharply reduced its economic growth forecast for the Philippines this year, delivering the largest downward revision among Asia-Pacific economies as the country grapples with prolonged infrastructure spending slump and acute energy shock from the Middle East conflict....
President Marcos’ economic managers are poised to lower the country 's economic growth targets as the lingering effects of state underspending, an infrastructure corruption scandal, and external inflationary pressures weigh down the near-term outlook. In an interview on TV5’s Money Talks,...
The Marcos administration’s decision to limit consumer subsidies shields the government budget from global price shocks but threatens to choke off private consumption and derail domestic demand, according to global debt watcher Moody’s Ratings. In its latest Asia-Pacific (APAC) report published...
Persistent price pressures are expected to keep the Bangko Sentral ng Pilipinas (BSP) on alert, but foreign observers are now urging a more dovish stance, including a potential year-long pause, following the central bank 's “restrained” rate hike to 4.75 percent. British banking giant...
Quezon City Mayor Joy Belmonte was conferred the Good Stories Award by the Department of Environment and Natural Resources (DENR) for the city’s environmental governance initiatives. The award was presented during the DENR Good Stories Awarding ceremony, which recognized Quezon City’s...
