Factory gate prices accelerated at a slower pace in March 2025, due to the slowdown in the price hike for computer, electronic, and optical products, the Philippine Statistics Authority (PSA) reported. Preliminary data from the PSA revealed that the producer price index (PPI), which reflects...
While the Philippine digital economy expanded to ₱2.25 trillion in 2024, it grew by only 7.6 percent, marking its slowest growth in four years after contracting during the pandemic. Of the country’s gross domestic product (GDP), the share of the digital economy also shrank slightly to 8.5...
DAVAO CITY – Economic growth in the Bangsamoro Autonomous Region in Muslim Mindanao dropped 1.3 percent from four percent in 2023 to 2.7 percent in 2024, the Philippine Statistics Authority (PSA) said. THE KCC Mall under construction in Cotabato City. (Keith Bacongco) PSA-BARMM Regional...
The National Economic and Development Authority (NEDA) Board chaired by President Marcos has approved the rollout of the Reducing Food Insecurity and Undernutrition with Electronic Vouchers (REFUEL) project which is an upgrade of the current food stamp program of the government. The approval...
ILOILO CITY – The Gross Domestic Regional Product (GRDP) of Western Visayas region dropped to P641.76 billion in 2024 from the P1 trillion in 2023 without Negros Occidental province. MORE buildings at Iloilo Business Park in Iloilo City. (Tara Yap) The Philippines Statistics Authority recorded an...
Net importing countries like the Philippines should brace for a barrage of Chinese goods as China seeks alternative markets to the United States (US) amid intensifying trade tensions between the two economic giants, according to the think tank Capital Economics. In an April 15 report, Capital...
ILOILO CITY — Prices of basic goods and services in Western Visayas remained unchanged for the second straight month. PEOPLE purchase goods in a stall in a wet market in Iloilo City. (Tara Yap) The Philippine Statistics Authority-6 reported that the region’s inflation rate remained at 2.7...
Senators on Wednesday, April 9 welcomed the continued decline in the unemployment rate in the country which dropped to 3.8 percent in February 2025. “The continued decline in the unemployment rate to 3.8 percent in February, down from 4.3 percent along with the decrease in underemployment...
House Speaker Martin Romualdez (Speaker’s office) For House Speaker Martin Romualdez, the falling unemployment rate is proof that the Marcos administration's policies are uplifting Filipinos. Romualdez on Tuesday, April 8, welcomed the...
Jobless Filipinos increased in number to 1.94 million in February 2025 from 1.8 million last year, as the job market struggled to absorb over 40 percent of new job seekers. According to the Philippine Statistics Authority (PSA), the February 2025 figure reflects an increased annual unemployment...
March’s nearly five-year low inflation was particularly a boon to the country’s poorest households, whose price increase rate was even slower at 1.1 percent, prompting the government to push for measures that would sustain the easing of the vulnerable sector’s burden. “The lower food...
Annual consumer price increases slowed further to 1.8 percent in March 2025, down from 2.1 percent in February, as food price hikes eased mainly due to lower rice prices, the Philippine Statistics Authority (PSA) reported. March inflation was the slowest in nearly five years, or since May 2020—at...
