BAGUIO CITY – This city registered a 5.8 percent economic growth in 2024 and remains the fastest growing economy among all Cordillera provinces and highly urbanized cities, the Philippine Statistics Authority-Cordillera said. PSA-Cordillera Chief Statistical Specialist Aldrin Federico Bahit Jr....
Since 2022, artificial intelligence (AI) has begun to transform the Philippine economy—not as a futuristic concept, but as a current and measurable force. Generative AI tools are already reshaping the business landscape, from finance and marketing to logistics and customer service. Local...
Citing weaker-than-expected economic growth in the first semester of 2025, the International Monetary Fund (IMF) has lowered its 2025 and 2026 gross domestic product (GDP) forecasts, with next year’s outlook seen to fall short of the downscaled growth goal. IMF Mission Chief Elif Arbatli...
A five percent economic expansion could be more difficult to achieve this year as Nomura, Japan’s largest investment bank and brokerage group, believes the United States’ (US) higher-than-expected tariffs on Philippine exports could massively weigh on growth. “We think the tariff rates set by...
Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy’s “robust resilience,” fueled by strong consumer spending and industry contributions. Roque, who heads the government agency...
DAVAO CITY – Economic growth in the Bangsamoro Autonomous Region in Muslim Mindanao dropped 1.3 percent from four percent in 2023 to 2.7 percent in 2024, the Philippine Statistics Authority (PSA) said. THE KCC Mall under construction in Cotabato City. (Keith Bacongco) PSA-BARMM Regional...
President Marcos said he was satisfied with the country's economic achievements last year, and ordered Cabinet officials to make the feats be known to the public. President Ferdinand 'Bongbong' MarcosJ Jr. talks with NEDA Secretary Arsenio Balisacan during the 24th NEDA Board Meeting at Malacañan...
JINAN, China—The Philippine government has pitched for more Chinese investments in the country, citing its advantage for conducting business, including economic growth and reforms as well as rich talent and demographic pool. Manila's trade representative in Beijing, Glenn Penaranda, led a...
Following the lower-than-expected gross domestic product (GDP) growth of 5.2 percent in the third quarter, Citi Research expects that stronger domestic demand will prompt a shift to six percent growth for the last three months. Citi Philippines economist Nalin Chutchotitham has revised her...
President Marcos has urged private businesses to continue working with the government to achieve the administration's goal towards economic growth. President Ferdinand R. Marcos Jr. (MB File Photo/Noel B. Pabalate) "Moving forward, I urge the PCCI to continue working with us so we can achieve our...
The World Bank expects the Philippine economy to grow by an average of six percent in the next three years — one of the fastest rates in the region, despite challenges to jobs arising from new technologies like robots and artificial intelligence (AI). In its East Asia and the Pacific...
