PH Firms Brace for Tougher Times Post-Christmas
Economy

PH Firms Brace for Tougher Times Post-Christmas

Philippine businesses anticipate a return to harsh realities after the Christmas season, with the holiday boom expected to offer only temporary relief from mounting domestic and external pressures. Inflation and high interest rates are seen as dampening consumer spending, raising concerns about economic growth.

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.

  • Philippine Dollar Reserves Near 4-Year Low in October

    The Philippines' gross international reserves (GIR) fell 11.7% year-on-year in October, reaching a near four-year low. This decline is attributed to a combination of factors including the peso's weakness, foreign debt payments, and lower gold valuations, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).

  • Higher inflation outlook may delay BSP rate cuts to late 2027

    A higher inflation outlook for the Philippines could force the Bangko Sentral ng Pilipinas (BSP) to maintain a tighter monetary policy for longer, potentially delaying the start of its rate-cutting cycle until the fourth quarter of 2027.

  • Senate Pushes for Transparency in Bicameral Budget Talks

    The Philippine Senate is pushing for enhanced transparency in bicameral conference committee (bicam) deliberations for the 2027 national budget, advocating for continuous livestreaming and official transcripts to track lawmakers responsible for budget amendments and realignments.

  • Philippines' Foreign Debt Growth Outpaces Income Peers, WB Warns

    The Philippines' foreign debt is growing at a faster rate than the average for its income peers, according to a recent World Bank report. This trend raises potential concerns about the nation's fiscal health.