Has the Philippines entered 'stagflation' phase? Balisacan says, 'I'd wait 'til end of the year'

GMA Network - Nov 10, 2026

The Philippines chief economist, Economic Planning Secretary Arsenio Balisacan, has cautioned against labeling that the economy has fallen already into stagflation.

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BARMM racing to pass 2027 regional budget

Nov 10, 2026

BARMM racing to pass 2027 regional budget

COTABATO CITY, BARMM, Philippines — Bangsamoro Chief Minister Abdulraof Macacua directed all new Cabinet members and heads of offices on Monday to speed up their proposed budget allocations as the Bangsamoro Parliament laid down its priority legislative agenda for its first 100 days in office. On top of the priorities is the passage of the

Accountability, aid for Leyte fishers urged after submarine cable oil leak

Nov 10, 2026

Accountability, aid for Leyte fishers urged after submarine cable oil leak

TACLOBAN CITY, LEYTE, Philippines — The Green Party of the Philippines Leyte chapter urged the National Grid Corp. of the Philippines (NGCP) to address the effects of the mineral oil leak off Tabango town, Leyte, and provide compensation to affected fishing communities. The group said NGCP should take responsibility for the environmental damage and possible

Pax Silica legal framework still on track for end-2026 signing --DTI

Nov 10, 2026

Pax Silica legal framework still on track for end-2026 signing --DTI

The legal framework for the proposed Pax Silica initiative is still expected to be signed by the Philippine and American governments before 2026 ends, a top official of the Department of Trade and Industry (DTI) said Tuesday.

Shifting Tides: Vietnam’s Meteoric Rise Tests Thailand’s Tourism Supremacy

Nov 10, 2026

Shifting Tides: Vietnam’s Meteoric Rise Tests Thailand’s Tourism Supremacy

Thailand’s lead over Vietnam in international tourist arrivals has narrowed sharply, from nearly 22 million visitors in 2019 to 5.9 million during the first ten months of 2026.

DA bans poultry imports from Minnesota, USA

Nov 10, 2026

DA bans poultry imports from Minnesota, USA

The Department of Agriculture (DA) has banned the importation of poultry products from Minnesota in the United States due to the threat of bird flu.

Over 300 flights to be affected by ASEAN Summit

Nov 10, 2026

Over 300 flights to be affected by ASEAN Summit

More than 300 flights will be affected by cancellations or rescheduling starting November 14 due to the Philippines' hosting of the 2026 ASEAN Summit, the Department of Transportation (DOTr) said on Tuesday.

PH economy continues to lose steam, further slowed in Q3 to 2.1%

Nov 10, 2026

PH economy continues to lose steam, further slowed in Q3 to 2.1%

MANILA, Philippines — Philippine economic growth decelerated for the fifth straight quarter to 2.1 percent at the end of September amid persistently weak household spending and investment. The latest print was slower than the revised 2.4 percent logged in the previous quarter and the 4-percent recorded in the same period last year, according to the Philippine

High prices chip away at trust in PH firms

Nov 10, 2026

High prices chip away at trust in PH firms

MANILA, Philippines — Soaring prices, unclear fees and hidden charges are among Filipinos’ main reasons for distrusting businesses, a new study showed, which also found that public confidence in the Philippine private sector remains intact but “on probation.” In the 2026 Philippine Trust Study, communications firm EON Group and Ateneo de Manila University found that 19.7

PSEi drops to 5,600 level on weak Q3 growth

Nov 10, 2026

PSEi drops to 5,600 level on weak Q3 growth

MANILA, Philippines — The local bourse welcomed the trading week in the red as the Philippine economy weakened further in the third quarter. The Philippine Stock Exchange Index (PSEi) dropped by 1.46 percent, or 84.03 points, to finish at 5,677.92. READ: Philippine economic growth slips to 2.1% in Q3 The broader All Shares also declined by

Heavy rains, high inflation pull down Wilcon profit

Nov 10, 2026

Heavy rains, high inflation pull down Wilcon profit

MANILA, Philippines — Wilcon Depot Inc., a listed home improvement retailer, saw a weaker bottom line in the first nine months, as heavy rains and high inflation dampened its operations last quarter. The company said its net income as of September had declined by 6 percent year-on-year to P1.752 billion from P1.866 billion. READ: Stronger

SM Prime 9-month income slips 5%

Nov 10, 2026

SM Prime 9-month income slips 5%

MANILA, Philippines — SM Prime Holdings Inc. is not slowing down on its investments for next year, with capital expenditures seen reaching up to P100 billion, despite macroeconomic challenges that weakened its net income in the first three quarters. At a media briefing on Monday, SM Prime president Jeffrey Lim said the company remained confident

DA bans pork imports for 2 months to shield hog raisers

Nov 10, 2026

DA bans pork imports for 2 months to shield hog raisers

MANILA, Philippines — The Department of Agriculture (DA) imposed a two-month import ban over the weekend, likely extending it, to provide local raisers with a fair chance amid depressed farm-gate prices. Under Department Order No. 33, the department enforced a 60-day import restriction on the following pork products: fresh and frozen pork cuts, carcasses, and

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