Industry Monitor - August 10, 2026
An overview of significant news and developments from August 4 to August 10, 2026, highlighting key events, trends, and advancements across various sectors.
Must See Stories
Philippine Q2 growth slumps to new post-pandemic low amid oil shock
BusinessWorld, August 7, 2026
Philippine economic growth slowed to a post-pandemic low of 2.3% in the second quarter, as oil shock stoked inflation and dampened household consumption while a steep decline in public construction dragged investment.
Reference link: https://bworldonline.com/top-stories/2026/08/07/768829/philippine-q2-growth-slumps-to-new-post-pandemic-low-amid-oil-shock/
Monsoon rains wreak havoc across country
Inquirer.net, August 10, 2026
Authorities on Sunday mobilized additional personnel and resources to flood-hit communities across the country, ramping up rescue operations as torrential rains brought by the southwest monsoon, or “habagat,” and intensified by two tropical cyclones forced residents in vulnerable areas to evacuate.
Reference link: https://newsinfo.inquirer.net/2280843/monsoon-rains-wreak-havoc-across-country
Rate hike seen despite growth slump
Katherine K. Chan, BusinessWorld, August 10, 2026
A third straight rate hike from the Bangko Sentral ng Pilipinas (BSP) is expected later this month as it seeks to steer inflation back to target even as economic growth slumped to a new post-pandemic low in the second quarter.
Reference link: https://bworldonline.com/editors-picks/2026/08/10/769005/rate-hike-seen-despite-growth-slump/
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