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...
Global investment banking giant Goldman Sachs holds a more somber outlook for the Philippine economy after the post-pandemic low growth seen in the second quarter of 2026, citing muted consumer demand amid high inflation and slowing remittances from overseas Filipinos (OFs). Gross domestic product...
The Philippines risks falling behind the artificial intelligence (AI) boom as it benefits less from the surge in AI-related electronics exports while its massive business process outsourcing (BPO) industry faces growing exposure to automation, according to think tank Capital Economics. In a report...
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...
Filipino consumers face a renewed risk of higher retail prices as manufacturers move to pass escalating production costs onto buyers, according to a Goldman Sachs Group Inc. report obtained by the Manila Bulletin. In the commentary, Goldman Sachs economists Chris Poh and Danny Suwanapruti noted...
Economic growth in the second quarter of 2026 may have slowed further to a post-pandemic low as Filipinos pumped the brakes on borrowing and spending, while public expenditure remained lackluster. In a report obtained by the Manila Bulletin, US financial giant Goldman Sachs Group Inc. noted that...
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...
The Philippines is among the economies hardest hit by the prolonged Middle East conflict, but it could emerge as a beneficiary once the Strait of Hormuz reopens and global oil shipments normalize, according to think tank Oxford Economics. In a July 22 report, Oxford Economics senior emerging market...
The Philippines is among the few Asian economies where workers have posted relatively strong wage gains during the artificial intelligence (AI)-driven export boom, but those gains are unlikely to be sustained without a broader manufacturing recovery, according to think tank Oxford Economics. In a...
The Philippines stands as one of the countries most vulnerable to fuel shortages amid reports of Houthi threats to close the Bab el-Mandeb Strait, according to think tank Capital Economics. “The reliance of several Asian economies, especially Pakistan, the Philippines and Japan, on oil exports...
The country’s economic recovery and its currency face prolonged pressure as escalating political instability from the Senate impeachment trial of Vice President Sara Duterte risks stalling economic reforms, according to Dutch financial giant ING. Deepali Bhargava, ING’s regional head of...
The Bangko Sentral ng Pilipinas (BSP) is expected to extend its monetary tightening cycle to a peak of 5.5 percent, according to Goldman Sachs Group Inc., as sticky underlying price pressures overshadow the recent cooldown in headline inflation. While headline inflation decelerated to 6.4 percent...
