ASEAN Lifts 2026 Growth Forecast to 4.7%, Highlights Philippine Chairmanship Successes
Diplomacy

ASEAN Lifts 2026 Growth Forecast to 4.7%, Highlights Philippine Chairmanship Successes

The Association of Southeast Asian Nations (ASEAN) has revised its economic growth forecast for 2026 upwards to 4.7%, despite persistent risks from rising food and energy prices and Middle East tensions. Under the Philippines' chairmanship, progress was noted in areas like the Digital Economy Framework Agreement, with a focus on translating commitments into tangible benefits for people and businesses.

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  • Gov't Saves P260.4M on ASEAN Summit Vehicles Through Borrowing

    The Philippine government announced it saved approximately P260.4 million by borrowing vehicles for the 49th ASEAN Summit. The vehicles, provided by companies like Hyundai and Lexus, along with Grab, will be returned after the summit.

  • Recto Urges Businesses to Leverage ASEAN Deals for Growth

    Philippine Executive Secretary Ralph Recto urged businesses to leverage regional partnerships and trade agreements for growth during the ASEAN Business and Investment Summit. He particularly emphasized expanding intra-regional trade and promoting investment.

  • ASEAN Urges Big Business to Support MSMEs for Broader Growth Benefits

    Jose Ma. Concepcion III, chair of the ASEAN Business Advisory Council, urged large corporations to bolster support for micro, small, and medium enterprises (MSMEs) across Southeast Asia. This initiative aims to ensure that the benefits of regional growth are shared more broadly, fostering inclusive economic development.

  • Lula: Philippine state visit marks 'new age of relations' with Brazil

    Brazilian President Luiz Inacio Lula da Silva expressed optimism for a 'new age of relations' during his historic state visit to the Philippines. Meeting President Ferdinand Marcos Jr. on the sidelines of the ASEAN Summit, they affirmed cooperation on shared global concerns like UN reform and multilateralism.