The Philippines must push through political and economic reforms in the final two years of the Marcos Jr. administration to rebuild confidence and strengthen the economy’s growth potential, according to the country’s chief economist. During the Development Budget Coordination Committee (DBCC)...
Fears that artificial intelligence (AI) could lead to massive job losses in the Philippines’ information technology and business process management (IT-BPM) industry may be overstated as the sector continues to grow despite the rapid adoption of the technology, the country’s chief economist...
President Marcos’ economic managers will outline their roadmap for navigating global market volatility and domestic pressure at the annual Economic Journalists Association of the Philippines (EJAP) forum on Friday, Aug. 14. Finance Secretary Frederick Go, Bangko Sentral ng Pilipinas (BSP)...
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...
Nearly half of Philippine businesses remain dissatisfied with registration and closure procedures despite a law aimed at cutting red tape, as fragmented government systems, weak data sharing, and uneven digitalization continue to slow transactions, according to the Department of Economy, Planning,...
Amid both external and domestic challenges, the Philippines’ economic growth weakened further to a new post-pandemic low of 2.3 percent in the second quarter of 2026, the Philippine Statistics Authority (PSA) reported on Friday, Aug. 7. Gross domestic product (GDP) growth slowed from 2.8 percent...
The Department of Economy, Planning, and Development (DEPDev) has adopted a color-coded alert mechanism to identify implementation risks in ongoing big-ticket projects approved by the Cabinet-level, interagency Investment Coordination Committee (ICC) as well as the Economy and Development (ED)...
The Department of Economy, Planning, and Development (DEPDev) has raised concerns over the sharp decline in the share of untied official development assistance (ODA) flowing into the Philippines, warning that the trend could reduce the flexibility and effectiveness of foreign-funded development...
The government is looking to include 5,059 priority programs and projects (PAPs), with an investment requirement of almost ₱4.03 trillion, in the proposed 2027 national budget to sustain public investments, especially in infrastructure as well as social development. According to the Department of...
President Marcos’ economic managers are poised to lower the country 's economic growth targets as the lingering effects of state underspending, an infrastructure corruption scandal, and external inflationary pressures weigh down the near-term outlook. In an interview on TV5’s Money Talks,...
The Organization for Economic Cooperation and Development (OECD) has flagged corruption as a major risk to Philippine infrastructure delivery, warning that the multibillion-peso flood-control corruption scandal show that current accountability safeguards remain insufficient to prevent the misuse of...
A stronger and more resilient middle class is critical to sustainably reducing poverty and achieving inclusive economic growth in the Philippines, according to the Department of Economy, Planning, and Development (DEPDev). Speaking at the launch of the World Bank’s Poverty and Equity Assessment...
