Despite a muted overall performance, Philippine factory growth observed in June has been sustained through July, with manufacturing firms growing more optimistic about consumer demand for their products. According to the latest data from debt watcher S&P Global released on Friday, Aug. 1, a growth...
The country’s rice production is expected to reach an all-time high this year, as government interventions and improved weather conditions drove strong output in the first half, according to the Department of Agriculture (DA). Based on data from the Philippine Statistics Authority (PSA),...
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....
Even with the weaker-than-expected gross domestic product (GDP) growth figures last year and in recent quarters, the Department of Finance (DOF) argued that the Philippine economy grew at an average rate of 5.9 percent—among the fastest-growing Asian economies—since President Ferdinand Marcos...
Despite an expected onslaught of typhoons in the third quarter, the Philippine Statistics Authority (PSA) anticipates that consumer prices, particularly for rice, will continue to decline, but weather disturbances are expected to drive up vegetable costs. “Certain items, such as vegetables, are...
Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
Amid trade tensions between Washington and Beijing, China is increasing exports to emerging markets (EMs) like the Philippines, to reroute shipments to the United States (US), think tanks said. “US tariffs appear to have given renewed impetus to Chinese producers’ efforts to export to EMs,...
The United Nations Conference on Trade and Development (UNCTAD) is urging developing economies to reduce their dependence on the export of key commodities, citing the potential of those with a more diversified economic mix like the Philippines to nurture sustainable growth. Based on its 2025 State...
One of the country’s fast rising gymnasts along with the head of the country’s gymnastics federation grace Tuesday’s Philippine Sportswriters Association Forum at the conference hall of the Rizal Memorial Sports Complex. Gymnastics Association of the Philippines President Cynthia Carrion...
CEBU CITY – Inflation in Central Visayas dropped to its lowest so far this year, from 0.9 percent in May to 0.2 percent in June. The Philippine Statistics Authority-Central Visayas (PSA-7) said the 0.2 percent decrease was a dramatic slowdown compared to 4.8 percent in June 2024. The significant...
Stronger employment facilitation at the local level, coupled with increased job-seeking activity and expanded government training programs, helped raise the country’s employment rate to 96.1 percent in May, the Department of Labor and Employment (DOLE) reported on Wednesday, July 9. DOLE...
ILOILO CITY – The inflation rate in Western Visayas dropped in consecutive months in the first half of the year, the Philippine Statistics Authority-6 said on Tuesday. The agency said inflation went down from four percent in January to 0.6 percent in June. Inflation rate was 3.1 percent in...
