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...
Airlines based in the Asia-Pacific region maintained positive momentum in passenger traffic during the first five months of 2026 despite reduced flight schedules beginning to take their toll, according to the Kuala Lumpur-based Association of Asia Pacific Airlines (AAPA). The latest preliminary...
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...
Stubborn inflation is forcing the Bangko Sentral ng Pilipinas (BSP) to seriously consider higher borrowing costs, a move that threatens to worsen the sharp economic slowdown already hitting the country. Since the BSP delivered a quarter-point hike to 4.5 percent in April, calls for further...
Forty-two volunteers were safely rescued after a yacht carrying them and the relief supplies caught fire while on its way to deliver aid to earthquake-hit communities in Southern Mindanao on Friday. Video footage posted on the official social media page of the Adventists Southern Asia-Pacific...
The Asian Development Bank (ADB) is mobilizing $4 billion in financing to help its developing member countries (DMCs) cope with the economic fallout from the ongoing war in the Middle East, with the Philippines among those seeking assistance as higher fuel, food, fertilizer, and freight costs...
Passenger traffic in the Asia-Pacific region expanded by five percent in the first four months of the year to more than 130 million compared to a year ago, driven by sustained demand for longer-haul routes despite costlier plane tickets. Based on preliminary data from the Association of...
The Philippines is expected to remain a major supplier of caregivers, nurses, and domestic workers to aging economies in the Asia-Pacific region, although state-run policy think tank Philippine Institute for Development Studies (PIDS) warned that Filipina migrant workers continue to face precarious...
The Philippines encouraged member economies of the Asia-Pacific Economic Cooperation (APEC) to reject arbitrary non-tariff measures (NTMs) and push for key reforms in the global trading environment to ensure resilient supply chains, the Department of Trade and Industry (DTI) said. Trade Secretary...
The Philippines’ property market is expected to remain resilient despite elevated inflation, geopolitical tensions, and high borrowing costs, with investors continuing to favor malls, logistics facilities, data centers, offices, and hotels that generate recurring income streams, according to...
Trade ministers from member economies of the Asia-Pacific Economic Cooperation (APEC) affirmed the need to uphold open and rules-based global trade to ensure the region’s economic growth amid the rise of protectionist policies. During the opening of the APEC Ministers Responsible for Trade (MRT)...
The Asia-Pacific Economic Cooperation (APEC) warned that economic growth across the region is expected to slow over the next two years as soaring oil prices, supply chain disruptions, and rising food costs linked to the worsening conflict in the Middle East weigh on trade and consumer demand. In...
