EnglishPhilippine economy
PHL Construction Upgrade Strengthens Trade Uncertainty Defense
The Philippine construction industry can strengthen its resilience against global trade uncertainties by embracing digital transformation and reinforcing domestic supply chains, according to expert Mr. Berezka. As international firms reevaluate supply networks, the country has a prime opportunity to establish itself as a regional innovation hub through strategic modernization. Key priorities include adopting AI-powered platforms […]
Philippines Q1 GDP Growth Hits 5.9%: Poll
The Philippine economy likely accelerated in Q1 2024, overcoming tariff-related external challenges through robust domestic drivers. Notably, stable inflation and surging consumer spending appear to have offset international trade pressures, according to analysts. While export tariffs created headwinds, the economy's domestic fundamentals — particularly consumer spending and stable prices — provided critical ballast," noted one […]