As the Executive Director of the Makati Business Club, Rafael Ongpin (oldest son of the late Jaime V. Ongpin, one of the staunchest CEOs responsible for the fall of the martial law regime in 1986) remarked in an interview, President BBM deserves some credit for the ongoing drive against corruption,...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito has called on the government to continue spending on infrastructure programs despite the fallout from the flood control scandal in order to boost employment opportunities and revive the economy. Ejercito warned the slowdown on...
Senator Sherwinn Gatchalian on Tuesday, November 18 expressed alarm over the recent turn of political events in the country, saying that ongoing destabilization talks are wreaking havoc on the Philippine economy. Gatchalian, chairman of the Senate Committee on Finance, said this is evidenced by a...
Truly, it’s agonizing to see, hear, and read the trail of destruction across the country—from the regions of Visayas to Luzon—left by the super typhoons Tino and Uwan. Reconstruction is expected to reach billions, if not trillions, of pesos. It’s as if we ain’t seen nothing yet, as...
President Marcos attributed the country’s slower third-quarter economic growth to climate disruptions and global headwinds, assuring that a surge in public spending would help restore momentum before the year ends. Marcos said this as the peso hit a record low of P59.17 to the US dollar on...
Philippine economic expansion slowed sharply to four percent in the third quarter of 2025, as floods, corruption scandals, and weather disruptions heavily weighed on growth. Data from the Philippine Statistics Authority (PSA) on Friday, Nov. 7, showed that the third-quarter gross domestic product...
DMCI Mining is only one of the Philippine conglomerates that are bullish about mining in Palawan, despite the negative perceptions of some stakeholders in the Province about the industry. It plans to begin operations at the Long Point nickel mine in Palawan within 2025, through Berong Nickel Corp,...
The country’s chief economist expressed a less optimistic outlook for third-quarter growth, noting that both domestic—including the flood control corruption scandal—and external economic conditions may have influenced the possibly dismal performance. “I am not as optimistic as I used to, or...
Some economists are sounding the alarm that the Philippines is rapidly de-industrializing, basing their observation on the decreasing share of manufacturing as a percentage of gross domestic product (GDP). It is true that manufacturing is not growing as fast as some service sectors like IT-BPM,...
Public fury over flood control corruption and the toll of recent typhoons appear to have choked consumer confidence, potentially dragging the Philippines’ economic growth to a below-target 5.2 percent in the third quarter of the year. According to the latest edition of the University of Asia and...
State-run think tank Philippine Institute for Development Studies (PIDS) has urged the Philippine government to implement several key measures to ensure the success and sustainability of the circular economy (CE) transition. “The state’s desire to promote economic transformation and sustainable...
President Marcos has vowed that not a single centavo of public money will be wasted as his administration implements sweeping reforms to fast-track the country’s development programs and foreign-assisted projects. Marcos said this as Congress conducts budget deliberations amid ongoing...
