Economy

The country’s  competitiveness in the information technology-business process management (IT-BPM) sector got a further boost following the lifting of the seven-year moratorium on the establishment of IT parks in Metro Manila. This was stressed by Philippine Economic Zone Authority (PEZA) Director General Tereso Panga Thursday, following the release of Administrative Order (AO) 45, which was signed by President Ferdinand R. …

The country’s trade deficit widened in June from a year earlier on higher imports and exports, preliminary data from the Philippine Statistics Authority (PSA) showed on Thursday. At $4.94 billion, the shortfall was 12.3 percent higher than the $4.4 billion posted a year earlier. It narrowed, however, from the $6.1 billion seen in May. Total trade in goods reached $22.48 …

An official of the Energy Regulatory Commission (ERC) on Wednesday said the proposal to extend the no disconnection policy on power bills will take into account not just the consumers but distribution utilities (DUs) as well. ERC imposed the no disconnection policy from May to July this year to aid power consumers from the high power rates partly due to …

The Philippine Nickel Industry Association (PNIA) has cited the need  for continued improvements in permitting efficiency, regulatory predictability, and investment competitiveness, noting the necessity of moving towards downstream processing. This  will require investments to expand the Philippines’ presence in the higher-value segments of the critical minerals supply chain. The group noted that potential Indonesian supply disruptions are reinforcing the need …

Bargain-hunting lifted the Philippine Stock Exchange index (PSEi) on Wednesday as buying interest resumed, which also benefited the Philippine peso. The local bourse’s main index rose 0.74 percent to 6,302.50 points, and the broader All Shares by 0.55 percent to 3,398.45 points. Financials led the sectoral gauges in tracking the main index after it rose 1.13 percent, and was trailed …

The Philippines’ unemployment rate shot up again in May, 2026, negating whatever measures the government under President Ferdinand Marcos Jr. has been doing to remedy the labor problem.  The government just can’t generate enough jobs for every worker willing to work. Latest data from the Philippine Statistics Authority (PSA) showed that the number of unemployed Filipinos rose to 2.5 million …

The Asian Development Bank (ADB) downgraded its Philippine economic growth forecast to 3.8 percent this year. In its Asian Development Outlook (ADO) report for July 2026 published last Wednesday night, July 8, the Manila-based multilateral lender sharply cut its 2026 gross domestic product (GDP) growth projection for its host country from 4.4 percent previously. The latest forecast is within the …

Factories all over the country expanded their productive activities last June amid stronger output and new orders, S&P Global said last week. S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) inched up to 50.9 in June from 50.8 in May, signaling a second consecutive month of modest improvement in operating conditions across the country’s goods-producing sector. A PMI reading above …

The Philippines is now classified as an upper-middle income country (UMIC) by the World Bank, reflecting the economy’s broad-based expansion. The World Bank’s latest country income classification showed the Philippines posted a record gross national income (GNI) per capita of $4,850. This was higher than the GNI per capita of $4,470 last year, when the Philippines narrowly missed the UMIC …

Once again, the government turned to borrowing to fund its operations.  People are wondering how the administration of President Ferdinand Marcos Jr. would be able to pay back these loans. The Bureau of Treasury has announced that the outstanding  debt of the national government of the Philippines is at P18.55 trillion as of end of May 2026, indicating a 0.41% …