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...
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...
The Philippine Statistics Authority (PSA) has identified the Local Civil Registry Office of Sta. Cruz, Davao del Sur as responsible for the issuance of nearly 200 fraudulent birth certificates, primarily to Chinese nationals. After conducting a verification process, National Statistician and Civil...
President Marcos has reappointed Claire Dennis S. Mapa as the national statistician and civil registrar general of the Philippine Statistics Authority (PSA). On Saturday, June 1, National Economic and Development Authority Secretary Arsenio M. Balisacan administered the oath of office to Mapa,...
The country had fewer unemployed persons in October this year at 4.2 percent or 2.9 million individuals, according to a report by the Philippine Statistics Authority (PSA). This was significantly lower than the 4.5 percent recorded in the same month last year, and 4.8 percent in July this year. It...
The cost of rice in the country went up despite the inflation rate easing to 4.1 percent, the lowest reading in 20 months since March a year ago. The inflation record during the month was significantly lower than the 8 percent in the same period last year, and 4.9 percent in October 2023....
Certificates of live-birth, marriage, and death will now be recognized and accepted in all government or private transactions regardless of the issuance date. This as the Philippine Statistics Authority (PSA) signed the Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 11909, or the...
