Philippine Economy Logs Weakest Growth in Over 5 Years, Raising Doubts on Target
Economy

Philippine Economy Logs Weakest Growth in Over 5 Years, Raising Doubts on Target

Philippine economic growth slowed to 2.1% in the third quarter, the weakest expansion in over five years. High inflation, weak agricultural output, and subdued investment have made achieving the government's full-year growth target extremely challenging.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • PH Economy Loses Steam, Grows 2.1% in Q3

    Philippine economic growth decelerated to 2.1% in the third quarter, weighed down by persistently weak household spending and investment. This marks a slowdown from the previous quarter and the same period last year, indicating a loss of economic momentum.

  • PSEi Drops Below 5,700 as Q3 Economic Growth Slows

    The Philippine economy showed slower growth in the third quarter, causing the Philippine Stock Exchange Index (PSEi) to drop by 1.46%, falling below the 5,700 mark and raising investor concerns.

  • Heavy Rains, High Inflation Dampen Wilcon Profit

    Wilcon Depot, a leading home improvement retailer in the Philippines, reported a 6% year-on-year decline in net income to P1.752 billion for the first nine months, citing heavy rains and high inflation that dampened operations in the third quarter. The company faced rising costs and subdued demand.

  • SM Prime's 9-Month Net Income Slips 5% Amid Investment Push

    SM Prime Holdings saw its net income drop 5% in the first three quarters due to macroeconomic challenges. Despite this, the company plans to significantly increase its capital expenditures to up to P100 billion next year, expressing confidence in continued growth.