San Juan City has achieved the highest functional literacy rate among highly urbanized cities in the country in 2024, according to the Philippine Statistics Authority 's (PSA) 2024 Functional Literacy, Education and Mass Media Survey (FLEMMS), Mayor Francis Zamora announced. The PSA explained...
ILOILO CITY – The inflation rate in Western Visayas region dropped for the second straight month, by 0.8 percent, from 2.7 percent in March to 1.9 percent in April. “The downtrend in the Western Visayas inflation rate in April was mainly due to the slower annual growth in the index of food and...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
While the Philippine economy’s growth missed the lower end of the government’s six to eight percent target, the Department of Budget and Management (DBM) said the growth across major sectors further fuels the agency’s confidence in achieving the full-year growth goal. “The fact that all...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy’s “robust resilience,” fueled by strong consumer spending and industry contributions. Roque, who heads the government agency...
Martial arts aces led by Carlos Baylon Jr. of wushu took the cudgels for Philippine sports in April. Baylon delivered a breakout performance in the IWUF 10th Sanda World Cup in Jiangyin, China, where he anchored a one-gold, two-bronze haul for the country. Competing in the men’s 56 kg class,...
Philippine manufacturing output slightly recovered from the steeper 1.5 percent decline in February, registered a softer 0.2 percent dip in March, and elevated the country’s production performance in the first quarter. According to the Philippine Statistics Authority (PSA), the volume of...
The value of the country’s agriculture and fisheries output recovered in the first quarter of the year, driven by higher production in nearly all subsectors, signaling the sector’s steady recovery from the impact of severe weather disturbances last year. Based on data from the Philippine...
Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank. In a May 3 report received by...
A Department of Education (DepEd) official highlighted the positive outcomes of the 2024 Functional Literacy, Education, and Mass Media Survey (FLEMMS), despite the introduction of stricter standards. Undersecretary for Strategic Management Ronald Mendoza explained that the latest FLEMMS survey...
Singapore-based DBS Bank Ltd. expects a "resilient" first-quarter economic growth for the Philippines amid easing domestic inflation, despite global uncertainties wrought by the United States ' (US) tariff spree. In a May 5 report, DBS Group Research chief economist Taimur Baig and senior...
A staggering 18.9 million Filipinos are considered not functional literate, or who cannot compute and comprehend, a trend which is very alarming, according to Senator Sherwin Gatchalian. Sen. Sherwin Gatchalian, chairman of the Senate Committee on Basic Education, underscores the importance...
