British banking giant HSBC expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by another 75 basis points (bps) following its recent hikes as inflation is projected to significantly overshoot the target ceiling this year, while economic growth remains dampened. “Higher oil...
Global credit rating agency Fitch Ratings has revised its outlook for the Philippine banking sector from ‘neutral’ to ‘deteriorating,’ warning that recent macroeconomic pressures will likely weaken borrowers’ repayment capacity and compress bank earnings. In a June 25 commentary, Fitch...
Malacañang expressed confidence that the Philippine economy will post stronger growth in the second half of the year despite the government 's decision to lower its gross domestic product (GDP) growth forecast for 2026. Presidential Communications Office (PCO) Undersecretary Claire Castro...
Inflation carries a high likelihood of becoming de-anchored once fresh price shocks emerge, think tank Economist Intelligence Unit (EIU) warned, citing in particular the looming risk of a “super” El Niño driving up food costs. “With inflation already well above target, new price shocks are...
British banking giant Barclays said dovish members of the Monetary Board (MB) will likely support a less aggressive policy stance amid signs of cooling inflation, adding that monetary authorities may reverse their tightening cycle by 2027 to buoy a slowing economy. “With the May inflation print...
Senator Francis “Chiz” Escudero has urged the national government to consider non ‑ tax revenue options to achieve long-term fiscal stability even as state economic managers continue to study ways to strengthen the country’s revenue generation policies. Escudero said the government should...
Singapore-based regional surveillance body ASEAN+3 Macroeconomic Research Office (AMRO) is seeing a full-year stagflationary period as it significantly lowers its Philippine growth outlook amid mounting pressure from elevated costs of living. Based on AMRO’s June 2026 interim update of its...
Latest numbers from the Philippine Statistics Authority (PSA) serve as a reality check for the Marcos administration, which has been promising a new economic era. The economy grew by just 2.8 percent in the first quarter of the year, a cold shower for a country recently touted as a regional leader....
The Philippines is more vulnerable to “stagflationary” shock than any of its Southeast Asian neighbors as surging energy costs and cooling domestic demand squeeze the country’s economy, according to Oversea-Chinese Banking Corp. (OCBC) In a research note published last week, OCBC economists...
President Marcos has called for deeper cooperation in a bid to restore the Association of Southeast Asian Nations ' (ASEAN) position as a global economic driver. Marcos, during the ASEAN Editors and Economic Opinion Leaders Forum in Makati City, said ASEAN centrality must remain at the core of...
The Department of Public Works and Highways (DPWH) is accelerating the Road Network Development Project in Conflict-Affected Areas in Mindanao (RNDP-CAAM) to link remote communities in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) to new opportunities and lasting peace. Senior...
Malacañang has brushed aside recent downgrades by international financial institutions, saying the Philippine economy remains on a stable medium-term path and is expected to rebound gradually starting in 2026 as reforms take hold. Presidential Communications Office (PCO) Undersecretary Claire...
