Philippine economic expansion slowed sharply to four percent in the third quarter of 2025, as floods, corruption scandals, and weather disruptions heavily weighed on growth. Data from the Philippine Statistics Authority (PSA) on Friday, Nov. 7, showed that the third-quarter gross domestic product...
DMCI Mining is only one of the Philippine conglomerates that are bullish about mining in Palawan, despite the negative perceptions of some stakeholders in the Province about the industry. It plans to begin operations at the Long Point nickel mine in Palawan within 2025, through Berong Nickel Corp,...
The country’s chief economist expressed a less optimistic outlook for third-quarter growth, noting that both domestic—including the flood control corruption scandal—and external economic conditions may have influenced the possibly dismal performance. “I am not as optimistic as I used to, or...
Some economists are sounding the alarm that the Philippines is rapidly de-industrializing, basing their observation on the decreasing share of manufacturing as a percentage of gross domestic product (GDP). It is true that manufacturing is not growing as fast as some service sectors like IT-BPM,...
Public fury over flood control corruption and the toll of recent typhoons appear to have choked consumer confidence, potentially dragging the Philippines’ economic growth to a below-target 5.2 percent in the third quarter of the year. According to the latest edition of the University of Asia and...
Sy-led SM Investments Corporation, one of the Philippines’ largest conglomerates, sees new growth in its logistics and renewable energy units even as its core real estate, retail, and banking businesses continue to thrive with the country’s economy. “But, really, all of our businesses have...
Head of the Philippines’ largest bank believes the country’s economy will be shielded from the direct fallout of new United States (US) tariffs, but warned of a larger, global danger that could ripple back to the country through remittances. Speaking with Channel News Asia (CNA), BDO Unibank...
Trailing behind the Southeast Asian region’s best performer, Vietnam’s eight-percent growth, the Philippine economy expanded by 5.5 percent in the second quarter of 2025, one percentage point (ppt) slower than the 6.5 percent recorded in the same period last year. Data from the Philippine...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
Vice President Sara Duterte labeled President Marcos’ remarks about the Middle East conflict on Philippine economy as “intellectually challenged,” the same term she used to describe some other officials of the Marcos administration. “Well, we’re not surprised. We have leaders who are...
Debt watcher S&P Global has revised upwards its 2025 gross domestic product (GDP) growth forecast for the Philippines to a pace that would make it at par with region’s best performer Vietnam’s projected growth of 5.9 percent. According to the latest report of S&P Global, published on Tuesday,...
Debt watcher Moody’s Ratings said that the Bangko Sentral ng Pilipinas’ (BSP) continued easing of key borrowing costs would cushion the local economy amid a challenging external environment, driven especially by the persisting crossfire between Israel and Iran. “Continued monetary easing will...
