Truly, it’s agonizing to see, hear, and read the trail of destruction across the country—from the regions of Visayas to Luzon—left by the super typhoons Tino and Uwan. Reconstruction is expected to reach billions, if not trillions, of pesos. It’s as if we ain’t seen nothing yet, as...
Amid typhoons and adverse weather conditions, private construction activity in the country declined in August, with fewer projects approved even as total floor area and project value increased, according to the Philippine Statistics Authority (PSA). Preliminary data from the PSA, released on Oct....
Inflation rose to a six-month high of 1.7 percent in September, mainly due to more expensive fuel and higher vegetable prices following the onslaught of typhoons, the Philippine Statistics Authority (PSA) reported on Tuesday, Oct. 7. The latest PSA data showed that the country’s inflation rate...
Philippine manufacturers are already feeling the heat from global trade uncertainties, with factory output taking a hit at the start of the second half of the year, according to Moody’s Analytics. “With stiffer United States (US) tariffs on the horizon, Philippine industrial production fell for...
Despite last month’s spike in consumer prices, the steady decline in rice costs is seen to keep a lid on inflation, with the Bangko Sentral ng Pilipinas (BSP) expecting it to average below two percent this year. Inflation quickened to 1.5 percent in August from 0.9 percent in July—the slowest...
The Bangko Sentral ng Pilipinas (BSP) expects August 2025 inflation to accelerate to a median of 1.4 percent, a modest increase from July but a significant deceleration from last year. The central bank projects a range of 1.0 percent to 1.8 percent for the month. The forecast is a jump from...
While Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
The value of the country’s agriculture and fisheries output grew by 5.7 percent in the second quarter of the year as crops and poultry production expanded due to favorable weather conditions—a development that augurs well for economic growth. Data from the Philippine Statistics Authority (PSA)...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
The Philippine Statistics Authority (PSA) announced that starting today, Aug. 6, and every Wednesday for the rest of the month, Metro Rail Transit Line 3 (MRT-3) rides will be free for passengers who brought their national IDs with them. Free rides will be available on Wednesdays throughout...
Coupled with an increase in unpaid workers, the number of jobless Filipinos swelled by more than 300,000 to 1.95 million in June from 1.62 million a year ago, with the online gambling sector partly contributing to the pool of unemployed. Preliminary data from the Philippine Statistics Authority...
Rice prices dropped at their fastest pace since 1995, bringing consumer price increases to below one percent in July, partly supported by the current administration’s ₱20-per-kilo rice program. Philippine Statistics Authority (PSA) Undersecretary and National Statistician Claire Dennis Mapa...
