SteelAsia Manufacturing Corp., the Philippines’ largest steel producer, has recruited a cohort of repatriated overseas Filipino workers (OFWs) to commission the country’s first structural steel sections mill, a move aimed at replacing imports and advancing national industrialization. The...
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...
President Marcos has met with Japan International Cooperation Agency (JICA) President Dr. Tanaka Akihiko in Tokyo to strengthen one of the Philippines’ “most important development partnerships,” with discussions centering on infrastructure modernization, healthcare, climate resilience, and...
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...
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 ongoing conflict in the Middle East is beginning to threaten jobs, remittances, and labor markets across the Asia-Pacific region, including the Philippines, according to the Geneva-based International Labor Organization (ILO). In its latest Employment and Social Trends: May 2026 Update titled...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
Philippine economic growth in 2026 would have hit the government’s downgraded target range had the war in the Middle East been short-lived, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). However, the Bangkok-headquartered UNESCAP said a...
Monetary authorities in the Philippines and Vietnam are seen leading the hawkish camp in tightening policy as consumer prices in the Philippines risk absorbing sustained elevated costs arising from the Middle East conflict. “Should energy prices remain elevated, the Philippines and Vietnam are...
The Department of Foreign Affairs (DFA) said it is receiving a steady stream of repatriation requests from Filipinos amid persistent tensions in the Middle East. As of Friday, April 10, data released by the DFA showed that it has received a total of 1,451 repatriation requests from overseas...
The jump in the March inflation rate has set the stage for a potential 50-basis-point (bp) rate hike by the Bangko Sentral ng Pilipinas (BSP) during the second quarter, according to global investment banking giant Goldman Sachs. In an April 7 report obtained by Manila Bulletin, Goldman Sachs...
As tensions continue in parts of the Middle East, the Department of Education (DepEd) reached out to thousands of Filipino teachers, students, and families abroad, offering not just policy guidance, but reassurance. In an “Online Kumustahan” held on Tuesday, April 7, DepEd checked on more than...
