Country: PH | Published: 2026-09-24
Philippine sentiment stays under pressure after the Asian Development Bank materially cut its growth outlook, citing inflation and external risks, adding to the softer economic pic
Philippine sentiment stays under pressure after the Asian Development Bank materially cut its growth outlook, citing inflation and external risks, adding to the softer economic picture investors were already weighing. Against that, the record IPO of the fintech behind GCash is drawing heavy cornerstone interest, including from the IFC, giving the local market a rare bright spot. Manila is also managing rising rates with retail peso bond switches, while weather and climate policy headlines keep the domestic narrative busy but secondary.