Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
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...
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...
Philippine goods exports climbed 13.2 percent year-on-year to a record $41.24 billion in the first six months of 2025 as exporters front-loaded shipments ahead of the 19-percent tariff to be imposed by the United States (US), the country’s top export market. National Statistician Claire Dennis S....
Consumer price increases slowed further to 1.3 percent in May from 1.4 percent in April, marking the slowest pace in nearly six years, with the poorest households experiencing no increase in overall prices. According to the Philippine Statistics Authority (PSA), the country’s headline inflation...
With about 50 million Filipinos with jobs in 2024, the country recorded its highest employment rate in 20 years, according to the Philippine Statistics Authority (PSA). Of the working population, 96.2 percent landed a job in 2024, a share higher than 2023’s 95.6 percent. This is the highest jobs...
Expensive tomatoes and pork pushed the rate of increase in prices of basic goods and services to 2.9 percent in January, the Philippine Statistics Authority (PSA) reported on Wednesday, Jan. 5. Last month's headline inflation matched the same rate as December 2024 but inched up from 2.8 percent in...
By Derco Rosal More Filipinos found jobs in September, but many were not placed in full-time positions, leading to a notable increase in underemployment. “Of course, because of the holiday season, more [people] want to work,” National Statistician and Philippine Statistics Authority (PSA)...
Amid public concern about the national identification cards, the Philippine Statistics Authority (PSA) said that it is processing 60,000 IDs from the Bangko Sentral ng Pilipinas (BSP), which are expected to be delivered to registrants. Claire Dennis Mapa, the PSA undersecretary and national...
Alice Guo What will happen to the marriages solemnized by dismissed Bamban, Tarlac mayor Alice Guo, if and when she is proven to be not a Filipino citizen? 4Ps Party-list Rep. JC Abalos raised this question on Monday night, Sept. 16...
The Philippine Statistics Authority (PSA) plans to add a signature field in National ID cards to address limitations that have hindered their widespread acceptance as a primary form of identification. This decision follows the termination of the Bangko Sentral ng Pilipinas’ (BSP) contract...
The Philippine Statistics Authority (PSA) reported that the government’s decision to lower rice import tariffs is starting to affect consumer prices. In a briefing, National Statistician and PSA Undersecretary Claire Dennis S. Mapa said the tariff reduction significantly contributed to the...
