Philippine economic recovery from the flood-control corruption fallout last year is seen as being derailed by escalating geopolitical risks from the Middle East conflict, according to the Asian Development Bank (ADB), which slashed its 2026 growth forecast to below target. Citing uncertainties tied...
The Manila-based Asian Development Bank (ADB) is urging the Association of Southeast Asian Nations (ASEAN) to deepen regional financial connectivity, positioning stronger and more integrated capital markets as a critical buffer against external shocks like the war in the Middle East. In a speech...
The Philippine boxing team’s campaign in the Asian Boxing Elite Championships came to an end on Tuesday, April 7, after last remaining bet John Wayne Vicera fell in the semifinals in Ulaanbaatar, Mongolia. Vicera yielded a unanimous 5-0 decision to Japan’s Iwai Daichi, settling for the bronze...
The Manila-based Asian Development Bank (ADB) has launched a multi-partner fund aimed at financing critical project preparation for cross-border energy and transmission infrastructure in the Association of Southeast Asian Nations (ASEAN), marking the first initiative of its kind in the region. The...
John Wayne Vicera assured himself of at least a bronze medal after storming into the semifinals of the men’s 50kg division in the Asian Boxing Elite Championships over the weekend in Ulaanbaatar, Mongolia. The Bago City, Negros Occidental native dominated hometown bet Battulga Aldarkhishig by...
If the war in the Middle East prolongs and global oil prices continue to skyrocket, the Philippine peso could breach the ₱61:$1 level in the second quarter of 2026 and even hit as low as ₱62 to ₱64 against the United States (US) dollar. “Our base case forecasts for the US dollar-Philippine...
Multilateral lenders including the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the World Bank Group (WBG) are moving to provide immediate financing and coordinated support to countries reeling from the economic fallout of the Middle East war. In a statement on...
The Philippine men’s football team fell short of reaching the 2027 AFC Asian Cup after a 1-1 draw against host Tajikistan in the qualifiers at the Hisor Central Stadium Tuesday night, March 31. The Nationals seized the edge early as Raphael Obermair delivered the first goal at the 19th minute of...
China came, competed and conquered with host Tagaytay City and the Philippines emerging as co-big winners in the 45th Asian Cycling Confederation (ACC) Track Cycling Championships and 14th Asian Para Track Cycling Championships that ended Tuesday, March 31. “The Philippines—and specifically the...
Philippine manufacturing growth slowed in March as input prices spiked amid rising energy costs tied to the war in the Middle East. In a report on Wednesday, April 1, S&P Global said the Philippines ’ purchasing managers’ index (PMI) eased to 51.3 last month from 54.6 in February, signaling a...
TAGAYTAY CITY — The Philippines is now playing a major role in the development of track cycling in Asia with Tagaytay City and PhilCycling’s hosting of the 45th Asian Cycling Confederation (ACC) Track Cycling Championships and 14th Asian Para Track Cycling Championships. “The Philippines is...
The Philippines has lagged behind its Association of Southeast Asian Nations (ASEAN) neighbors in attracting Chinese outbound direct investment (ODI), even as other emerging-market (EM) economies in the region continue to benefit from China’s overseas investment growth, according to think tank...
