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...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the central bank had projected second-quarter economic growth to pick up faster than the actual reading, but noted that output remains weak. Speaking at the Economic Journalists Association of the Philippines (EJAP) economic forum...
Foreign investors seeking entry into the Philippines could soon use the Social Security System (SSS) as anchor to expand locally, a move that may accelerate capital deployment alongside the nation’s sovereign wealth fund. SSS President and Chief Executive Officer (CEO) Robert Joseph M. De Claro...
The Philippines managed to secure only one merger and acquisition (M&A) deal in the second quarter as foreign investors are becoming more selective in deal-making, according to Singapore-based media company DealStreetAsia. In a report, DealStreetAsia said the country’s M&A deal volume fell to...
State-run Social Security System (SSS) is eyeing to invest roughly about ₱75 billion of its trillion-peso reserve fund overseas over the next five years as it seeks to diversify beyond the “unexciting” domestic market. SSS President and Chief Executive Officer (CEO) Robert Joseph Montes De...
Pressure on the Bangko Sentral ng Pilipinas (BSP) to raise its benchmark interest rate has eased after economic growth slowed to a post-pandemic low in the second quarter of the year, according to the central bank officials. Speaking to reporters on the sidelines of the central bank’s...
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...
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...
Ayala-led Bank of the Philippine Islands (BPI) expects a better performance in the second half of this year after its earnings were trimmed by higher provisioning in the second quarter due to risks arising from the Middle East conflict. In a media briefing on Monday, Aug. 3, to kick off the...
A baby’s first spoonful is an exciting milestone, but it also brings questions. Is the baby ready? What should be offered, and how much? What if the baby spits everything out? Complementary feeding begins when food is introduced in addition to breast milk or formula, generally at around six...
The central bank expects consumer price growth to have slowed to a three-month low in July, driven by cheaper staple foods, even as a weakening currency and elevated energy costs threaten to sustain inflationary pressures. Headline inflation likely settled between 5.6 percent and 6.6 percent in...
My colleagues and I—alumni of the Bangko Sentral ng Pilipinas (BSP), the Department of Finance (DOF), and the financial markets beats—almost always look forward to having lunch or dinner with the premier resident of Room 501. Yes, Virginia, it’s always a privilege to have up-close and...
