ECCP at Work

Predictable regulation, stronger public health

At a recent luncheon dialogue organized by the European Chamber of Commerce of the Philippines (ECCP), industry leaders gathered with Food and Drug Administration (FDA) Director General Paolo Teston for a discussion that went beyond standard regulatory updates.

ECCP exec commends increasing number of  European Embassies in the Philippines

An executive of the European Chamber of Commerce of the Philippines has lauded the rise in the number of European embassies in the country as an indication of the increasing confidence in the Philippine Economy and its leadership in the Association of South East Asian Nations (ASEAN).

Moody’s Analytics trims Philippines growth forecasts

The Philippine economy is expected to expand by 4.9% this year, reflecting weak domestic momentum and the energy crisis caused by the Middle East conflict, Moody’s Analytics said.

‘Fiscal tightening a drag on growth’

Aggressive fiscal tightening at the start of the year is emerging as a key drag on the Philippines’ near-term growth outlook, with Nomura Global Markets Research warning that weak government spending and rising external risks could weigh on economic momentum.

Only 45,000 farmers, fisherfolk to get fuel subsidy as aid falls short

Only 40,000 to 45,000 farmers and fisherfolk will receive fuel subsidies from the Department of Agriculture amid the Middle East oil crisis — a fraction of the sector — because the government lacks the funds to cover more, department spokesperson Arnel de Mesa said.

Marcos orders creation of crisis committee

As the armed conflict in the Middle East entered its third week, President Ferdinand Marcos Jr. ordered the creation of a new committee that will ensure that the country will not have a fuel shortage.

Department of Finance calls for more ASEAN+3 financial cooperation

The Department of Finance (DoF) called for closer financial cooperation among Association of Southeast Asian Nations+3 (ASEAN+3) economies to mitigate the risks from global and regional crises.

BSP may pause in April — Moody’s

The Bangko Sentral ng Pilipinas (BSP) may pause at its next meeting rather than immediately reverse its easing cycle amid oil price spikes and the peso’s depreciation, Moody’s Analytics said.

DoE clears limited rollout of Euro II fuels

The Department of Energy (DoE) is allowing the temporary rollout of Euro II, or fuels that meet an older emission standard with higher sulfur content, for select transport and industrial uses to augment fuel supply.

Govt asks gencos to raise capacity of national grid

President Ferdinand Marcos Jr. said the government is working with power generation companies (gencos) to boost the country’s grid capacity within the next 60 days while also negotiating with trade partners, including India, China, Japan, Thailand, Brunei, and South Korea, to secure potential fuel supply arrangements.

Inflation seen to breach 4% as oil prices surge

Surging global oil prices driven by tensions in the Middle East could push Philippine inflation beyond the central bank’s target range this year, an economist said, raising concerns about renewed price pressures.

Philippine BOP deficit widened to 10-month high in February 

The Philippines recorded its widest cash shortfall in 10 months in February, as rising import costs and foreign capital outflows, fueled by global uncertainty, weighed on the country’s external position.

2025 creative economy grows 6.9% to P2.12T

The country’s creative economy grew 6.9 percent to P2.12 trillion in 2025, accounting for 7.6 percent of gross domestic product (GDP) at current prices, although employment in the sector edged lower, the Philippine Statistics Authority (PSA) said on Thursday.