The United States (US) on Monday, Aug. 10, asked its allies and partners in Asia to invest more heavily in their own defense as Washington expands its military posture in the Indo-Pacific region, saying stronger allies would make the US alliance network more sustainable and deterrence against...
The Philippine economy faces an uphill battle in the second half of 2026 after posting its weakest post-pandemic growth, with private sector economists warning that faster infrastructure spending, easing inflation, and stronger investor confidence will determine whether the country can meet the...
Elevated inflation, sluggish state spending, and rising import costs may have dragged Philippine gross domestic product (GDP) growth down to 2.5 percent in the second quarter, slowing further from an already five-year low of 2.8 percent in the previous quarter. Frankfurt-based Deutsche Bank AG...
Philippine economic growth likely picked up above the three-percent level in the second quarter, mainly on improved spending on public goods and services, with most private-sector economists expecting the economy to perform better than in the previous quarter despite lingering headwinds from...
Philippine consumer spending recorded the sharpest deterioration among emerging Asian economies in the second quarter of 2026, as elevated inflation continued to erode households’ purchasing power despite a surge in fuel spending, according to global financial giant Visa. In a report on Friday,...
Filipino consumers are falling behind their Asian neighbors in bouncing back from the Covid-19 pandemic as low-paying jobs, shrinking savings, and slowing remittances hit household spending. According to a report by Dutch bank ING, while shoppers in India and Japan have resumed pre-pandemic...
No matter how complex government budget is, it must be made accessible and understandable for every Filipino, President Marcos said. The President made the remark on Friday, June 26, during the launch of the Centralized Open Monitoring Platform for Appropriations and Spending Statistics (COMPASS),...
The Philippines entered 2026 saddled with the widest budget deficit in Southeast Asia, leaving Manila alongside Jakarta facing the most severe market pressure in the region to scale back state spending as borrowing costs climb. Artie Lam, Oxford Economics assistant economist, wrote in a June 2...
The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
Philippine consumer spending momentum remained weak in the first quarter of 2026, although conditions showed signs of stabilizing in March after two straight months of contraction just before the war in the Middle East erupted, according to global financial giant Visa. An April 28 Visa Business and...
Vice President Sara Duterte cautioned Filipino families to prepare for more difficult economic conditions in the coming months, citing rising fuel costs and increasing prices of basic goods, while urging households not to compromise on education spending. In her speech at the Rambakan Festival in...
The peso’s purchasing power hit another record low in March as the price shock wrought by the war in the Middle East further eroded Filipinos’ ability to spend the local currency. The latest data from the Philippine Statistics Authority (PSA), released on Tuesday, April 7, showed that the...
