High fuel costs driven by geopolitical conflict in the Middle East hammered the Philippine labor market in March, forcing hundreds of thousands of agricultural and manual workers out of job as operating expenses became untenable. Philippine Statistics Authority (PSA) Undersecretary and National...
Vice President Sara Duterte questioned why President Ferdinand Marcos Jr. won the 2022 elections, accusing him of “lying” to Filipinos about his capabilities and plans for the country amid what she described as worsening economic conditions under the current administration. Speaking before...
The value of the country’s agriculture and fisheries output declined by more than ₱1 billion in the first quarter, following a 0.3 percent contraction, driven by weaker production in crops and fisheries, according to the Philippine Statistics Authority (PSA). Data from the PSA showed that the...
Factory output expanded at its fastest pace in more than two years in March, signaling resilience in the Philippines’ manufacturing sector despite the ongoing war in the Middle East that began in late February. The Philippine Statistics Authority’s (PSA) latest Monthly Integrated Survey of...
The Economy and Development (ED) Council has approved refinements to the implementation of San Miguel Corp. (SMC)-led Metro Rail Transit Line 7 (MRT-7) and adjustments to a maritime security project involving fast patrol crafts, as the government moves to accelerate infrastructure delivery and...
Local monetary authorities face the growing challenge to stabilize surging consumer prices as the initial pass-through of global oil inflation threatens to push the headline rate into double digits by the fourth quarter of the year. The mounting risk that inflation expectations could become...
Twenty-three stranded Filipinos have safely returned to the Philippines after the Philippine Consulate General in Dubai facilitated their repatriation, the Department of Foreign Affairs (DFA) said on Tuesday, May 5. The DFA said the stranded Filipinos were repatriated on April 27 via a commercial...
The Philippine Red Cross (PRC)–Cavite Chapter will upgrade its facility with a P6-million grant from DigiPlus Foundation to improve emergency response and health services in the province. The partnership was formalized through a signing ceremony between DigiPlus Foundation, the social...
Positioning itself beyond commercial storytelling, Rein Entertainment is pursuing projects that confront urgent social realities, with its latest series turning to one of the country’s most contentious issues: the drug war. Reflecting that direction is "Drug War: A Conspiracy of Silence," now in...
Headline inflation or annual price increases soared to a 37-month high of 7.2 percent in April, mainly as domestic fuel and food prices skyrocketed due to the global oil price and supply shocks caused by the prolonged war in the Middle East. The Philippine Statistics Authority ’s (PSA) latest...
Two independent directors of Lopez Holdings Corp. have resigned from the seven-member board as the bitter leadership struggle within one of the Philippines ' most powerful dynasties threatens to paralyze the conglomerate’s governance. In a disclosure to the Philippine Stock Exchange, Lopez...
Vice President Sara Duterte said she remains resilient despite mounting political pressure, stressing that her strength now comes from ordinary Filipinos rather than political allies. “Sa totoo lang, iniwan na siguro ako ng lahat ng mga kaibigan ko na politiko, pero hindi ako iniwan ng mga...
