ECCP at Work

S&P hikes Philippine growth forecast but oil crisis poses risks

A gradual recovery in investments and robust technology exports could drive Philippine economic growth to 5.8% this year, although the ongoing oil crisis poses a crucial risk, S&P Global Ratings said.

Philippines launches $333 million fund to boost fuel security

The Philippine energy ministry said on Thursday it is activating a 20 billion peso ($333 million) emergency fund to strengthen fuel security amid continued volatility in oil prices due to the conflict in the Middle East.

ADB to roll out financial support package amid Middle East crisis

The Asian Development Bank (ADB) is providing a financial support package to help mitigate the impact of the ongoing Middle East conflict.

ILO: PHL youth to gain green, digital construction skills

The International Labour Organization (ILO) and its partners are training young Filipino workers in green and digital construction skills, aiming to boost employability, support job creation, and prepare the sector for future demands.

Electricity supply looks ‘sufficient’ for summer months–ICSC

The country’s electricity supply is still “sufficient” for the hotter months, but thin reserves — and the impact of the Middle East war — could leave the market vulnerable to power interruptions, according to a think tank.

DICT completes IRR of e-Governance Act

The government is moving from “intent to implementation” on digital transformation, acting Information and Communications Technology Secretary Henry Aguda said, as his agency signed the implementing rules (IRR) of the e-Governance Act and approved the country’s strategic blueprint for a digitally integrated government.

Philippines declares energy emergency over Middle East conflict risks

Philippine President Ferdinand R. Marcos Jr on Tuesday declared a state of national energy emergency in response to the Middle East conflict and what he called an “imminent danger” posed to the country’s energy supply.

Marcos still sees 6% growth by 2028

President Ferdinand R. Marcos, Jr. said economic targets will have to be revised to reflect the impact of the Middle East conflict but remains confident the Philippine economy will grow by 6% by the end of his term in mid-2028.

No change in borrowing plan for now – DOF chief

The government’s borrowing plan and financing mix this year remain intact for now, although analysts said relying more on domestic sources would be safer amid the Middle East crisis.

WORST-CASE SCENARIO: Diesel could spike 176% — DEPDev

The government is bracing for a worst-case scenario in which diesel prices could surge by as much as 176 percent and inflation could climb into double digits as the Middle East conflict drives global oil prices sharply higher, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said on Tuesday.

Philippines flagged as 2026 Asia ‘underperformer’

The Philippines is expected to remain a regional underperformer this year, as sluggish infrastructure spending continues to drag on growth even as the broader Asian economy shows resilience amid local and global uncertainties.