The Asian Development Bank (ADB) has sharply downgraded its growth outlook for developing Asia and the Pacific and raised inflation forecasts, as prolonged Middle East tensions push up energy prices.
CEBU CITY—Economic planners remain optimistic that Central Visayas will bounce back despite the economic slowdown in 2025 and high inflation rate in the first quarter of 2026.
The Bureau of Customs delivered a record P239 billion in first-quarter collections, with revenues partly boosted by the auction of seized luxury vehicles owned by the Discaya family tied to flood control projects.
The Philippines has secured an AUD45 million (P1.9 billion) grant from Australia to fix bottlenecks in doing business and accelerate private sector growth.
Tycoon Isidro Consunji said the group is bracing for rising fuel costs, warning that the worsening supply-driven shock could prove more disruptive to the economy than the pandemic that brought businesses to a standstill a few years ago.
The government is doubling down on public-private partnerships (PPPs) and reform measures to position the Philippines as a more competitive destination for capital, as it works to sustain investor momentum despite global headwinds.
SM Investments Corp. vice chair Teresita Sy-Coson said the group is bracing for slower growth in 2026 as global risks deepen, but she sees demand holding steady and expects an eventual upswing.