The country’s rice inventory jumped by 14 percent to over two million metric tons (MT) in May, aligning with the government’s ongoing efforts to ensure food sufficiency and stabilize prices. In its latest report, the Philippine Statistics Authority (PSA) said rice stocks stood at 2.37 million...
The total factory output of domestic manufacturers reverted to growth in April despite a slower annual increase in food production. The Philippine Statistics Authority 's (PSA) monthly integrated survey of selected industries (MISSI) report for April 2025, released on Friday, June 6, showed...
The country’s unemployment and underemployment rates marginally increased in April this year, according to data released by the Philippine Statistics Authority (PSA) on Friday, June 6. According to the latest Labor Force Survey, the national unemployment rate increased to 4.1 percent in April, up...
IBF minimumweight kingpin Pedro Taduran delivered power punches in his successful title defense in Osaka, Japan to highlight a smashing campaign for Philippine bets in May. Taduran took care of business as he beat via split decision Ginjiro Shigeoka, the same Japanese dynamo he stopped and wrested...
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...
Philippine exports to the United States (US) continued to grow, while imported goods from China slid in April—when US President Donald Trump imposed tariffs on America 's trading partners. The latest preliminary data from the Philippine Statistics Authority (PSA) on Friday, May 30, showed...
Factory gate price growth slowed further in April, driven mainly by weaker output in the computer, electronic, and optical products sector, according to the Philippine Statistics Authority (PSA). Preliminary data from the PSA revealed that the producer price index (PPI), which reflects the...
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...
