The International Energy Agency warns the global economy faces a major threat from energy crisis due to Middle East tensions, particularly in the Strait of Hormuz, comparing it to 1970s oil crises and Russia-Ukraine war impacts.
The ongoing Iran conflict is triggering severe economic shocks globally, with fuel prices skyrocketing, inflation rising, and millions of Overseas Filipino Workers facing job insecurity and safety concerns.
Global tensions in the Middle East are not just about military clashes—they directly impact Davao's gas prices, agricultural costs, and financial stability through oil markets and supply chains.
As ASEAN chair, the Philippines advocates to formalize the Geoeconomics Task Force into a permanent body, enhancing regional coordination amid global economic uncertainties and geopolitical tensions.
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The IMF projects Philippine economic growth at 5.6% in 2026 and 5.8% in 2027, citing reforms and resilience. Managing Director Kristalina Georgieva highlights risks from Middle East tensions and calls for renewable energy investments.
The Mindanao Alliance for Progress warns that Middle East conflicts could disrupt global oil markets, leading to higher fuel and commodity prices in the Philippines. They urge authorities to monitor prices and protect consumers from profiteering.
A total deployment ban on Overseas Filipino Workers in the Middle East could cost the Philippine economy over P226 billion, impacting remittances and national financial stability.
A DTI official highlights how Middle East conflicts and US-China trade tensions create openings to enhance trade policies, as the Philippines chairs ASEAN and hosts a key business forum.
The ongoing conflict between Iran and US-Israel threatens to exacerbate inflation, weaken the peso, and disrupt OFW remittances, potentially pushing the Philippines toward recession.
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The Philippine Chamber of Commerce and Industry expresses grave concern over escalating Middle East military tensions, warning of severe impacts on oil prices, OFW remittances, and inflation in the Philippines.
President Ferdinand R. Marcos Jr. emphasizes the need for intensified cooperation among ASEAN nations to restore the bloc's role as a global economic driver, focusing on strengthening internal supply chains during the Philippines' chairmanship.
President Ferdinand Marcos Jr. emphasizes the need for ASEAN nations to fortify supply chains and boost intra-regional trade, citing lessons from the COVID-19 pandemic and aiming to enhance economic resilience.
Global analysts project the Philippines could become one of the world's 20 largest economies by 2050, but political instability, corruption, education gaps, infrastructure bottlenecks, and climate vulnerability pose significant threats to this potential g
EU leaders agree to fast-track efforts to strengthen the single market, with a roadmap due in March and potential enhanced cooperation among at least nine member states if progress stalls.
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APEC projects Asia-Pacific economic growth at 3.2% in 2025, easing to 3.1% in 2026, driven by resilient consumption and AI investment, but warns of trade fragmentation and geopolitical risks.
Singapore's economy expanded by five percent in 2025, slightly down from 5.3% in 2024. The Ministry of Trade and Industry has upgraded its 2026 growth forecast to 2-4%, citing a stronger global economy and resilient trade.
The British Chamber of Commerce of the Philippines calls on the country to leverage its ASEAN chairmanship to enhance regional economic integration, digitalization, and trade liberalization.
As the Philippines prepares to chair ASEAN meetings in 2026, a new PIDS study shows the country's economic integration has delivered benefits but faces persistent challenges in competitiveness, digital readiness, and inclusive growth.
The World Economic Forum's 2026 report reveals global cooperation is stable but changing, with climate action rising while peace efforts decline. Leaders must rebuild dialogue for shared challenges.
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