Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
Amid trade tensions between Washington and Beijing, China is increasing exports to emerging markets (EMs) like the Philippines, to reroute shipments to the United States (US), think tanks said. “US tariffs appear to have given renewed impetus to Chinese producers’ efforts to export to EMs,...
The United Nations Conference on Trade and Development (UNCTAD) is urging developing economies to reduce their dependence on the export of key commodities, citing the potential of those with a more diversified economic mix like the Philippines to nurture sustainable growth. Based on its 2025 State...
One of the country’s fast rising gymnasts along with the head of the country’s gymnastics federation grace Tuesday’s Philippine Sportswriters Association Forum at the conference hall of the Rizal Memorial Sports Complex. Gymnastics Association of the Philippines President Cynthia Carrion...
CEBU CITY – Inflation in Central Visayas dropped to its lowest so far this year, from 0.9 percent in May to 0.2 percent in June. The Philippine Statistics Authority-Central Visayas (PSA-7) said the 0.2 percent decrease was a dramatic slowdown compared to 4.8 percent in June 2024. The significant...
Stronger employment facilitation at the local level, coupled with increased job-seeking activity and expanded government training programs, helped raise the country’s employment rate to 96.1 percent in May, the Department of Labor and Employment (DOLE) reported on Wednesday, July 9. DOLE...
ILOILO CITY – The inflation rate in Western Visayas dropped in consecutive months in the first half of the year, the Philippine Statistics Authority-6 said on Tuesday. The agency said inflation went down from four percent in January to 0.6 percent in June. Inflation rate was 3.1 percent in...
The country’s manufacturing sector expanded at a faster pace in May this year, with 13 out of 22 industry divisions reporting positive annual growth, the Philippine Statistics Authority (PSA) reported. Based on the PSA’s Monthly Integrated Survey of Selected Industries, the volume of production...
Many job applicants were absorbed by firms in the Philippines in May, resulting in a decline in the number of jobless Filipinos during the month to 2.03 million from 2.11 million unemployed individuals in the same month last year. Preliminary data from the Philippine Statistics Authority (PSA)...
While consumer price increases rose slightly in June to 1.4 percent from May 's five-and-a-half-year low of 1.3 percent, a substantial drop in rice prices to their lowest in three decades since 1995 helped temper the overall inflation, according to the Philippine Statistics Authority (PSA)....
Despite double-digit exports growth in the first five months of the year, economic think tanks expect the sales of Philippine-made goods overseas to falter in the second half, especially if United States (US) President Donald Trump pushes through with his tariff spree. “Exports are also likely to...
GCash, the country’s leading e-wallet, has partnered with the Philippine Statistics Authority (PSA) to make the verification process for accounts more seamless through the national ID. Through this partnership, Filipinos are now able to use their national ID—whether in the form of card, paper,...
