The country’s economic growth slowed to its weakest pace since the height of the Covid-19 pandemic in the first quarter of the year, prompting the government’s top planner to dismiss concerns that the nation is entering a period of stagflation or reverting to its historical status as the...
Public debt in the Philippines moved closer to the 60-percent level at the end of the first quarter of 2026, as the government continued to ramp up borrowings while the private sector remained cautious amid risks stemming from the war in the Middle East. The latest Global Debt Monitor of the...
Local equities rebounded as global market anxieties eased after United States (US) President Donald Trump announced a temporary pause on naval escort operations in the Strait of Hormuz, shifting Washington’s focus toward securing a peace agreement with Iran. The benchmark Philippine Stock...
LT Group Inc., the conglomerate controlled by tycoon Lucio Tan, expects its banking division to drive earnings to another record this year, offsetting the impact of elevated commodity costs and strained consumer spending fueled by geopolitical conflicts in the Middle East. In a briefing, Lucio Tan...
As summer further heats up, the Philippine Taekwondo Association (PTA) will continue its own SMART/MVPSF Summer Clinic in various venues across the country. The annual summer activity is designed by the national taekwondo association under the able leadership of Grandmaster Sung-Chon Hong as a...
The majority faction of the Lopez family has escalated its corporate battle for control of their business empire, claiming to have uncovered a third “poison pill” provision designed to entrench First Philippine Holdings Corp. (FPH) Chairman and Chief Executive Officer Federico “Piki” R....
High fuel costs driven by geopolitical conflict in the Middle East hammered the Philippine labor market in March, forcing hundreds of thousands of agricultural and manual workers out of job as operating expenses became untenable. Philippine Statistics Authority (PSA) Undersecretary and National...
Vice President Sara Duterte questioned why President Ferdinand Marcos Jr. won the 2022 elections, accusing him of “lying” to Filipinos about his capabilities and plans for the country amid what she described as worsening economic conditions under the current administration. Speaking before...
The value of the country’s agriculture and fisheries output declined by more than ₱1 billion in the first quarter, following a 0.3 percent contraction, driven by weaker production in crops and fisheries, according to the Philippine Statistics Authority (PSA). Data from the PSA showed that the...
Factory output expanded at its fastest pace in more than two years in March, signaling resilience in the Philippines’ manufacturing sector despite the ongoing war in the Middle East that began in late February. The Philippine Statistics Authority’s (PSA) latest Monthly Integrated Survey of...
The Economy and Development (ED) Council has approved refinements to the implementation of San Miguel Corp. (SMC)-led Metro Rail Transit Line 7 (MRT-7) and adjustments to a maritime security project involving fast patrol crafts, as the government moves to accelerate infrastructure delivery and...
Local monetary authorities face the growing challenge to stabilize surging consumer prices as the initial pass-through of global oil inflation threatens to push the headline rate into double digits by the fourth quarter of the year. The mounting risk that inflation expectations could become...
