CEBU CITY — The country’s leading umbrella organization for exporters has warned that prolonged political tensions arising from the recent turmoil in the Senate could undermine investor confidence and slow economic momentum.
The Tantoco family-led SSI Group Inc. is feeling the strain from weaker consumer spending as inflation, fuel shocks and tighter household budgets push shoppers toward discounts while weighing on luxury purchases.
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.