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...
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...
ILOILO CITY – The Philippine Statistics Authority said this city had the fastest growing economy in Western Visayas region last year. BUILDINGS at Iloilo Business Park in Iloilo City. (Tara Yap)The Gross Domestic Product (GDP) of Iloilo City for 2023 was valued at P160.28...
The Philippine Statistics Authority (PSA) has asked the Office of the Solicitor General (OSG) to move for the cancellation of over 1,500 registered birth certificates that were suspected to be fraudulently acquired by foreigners.Solicitor General Menardo I. Guevarra on Tuesday, Nov. 26, confirmed...
Domestic trade decreased in the third quarter, with both the quantity and value of goods traded showing double-digit declines, data from the Philippine Statistics Authority (PSA) showed on Friday, Nov. 22.According to the PSA, the total value of domestic trade from July to September 2024 dropped 29...
The proportion of child laborers in the country increased significantly in 2023, with more than half of working Filipino children engaged in hazardous or excessive work, data from the Philippine Statistics Authority (PSA) showed.Based on the PSA report published on Thursday, Nov. 21, 62 percent of...
The Philippines posted a surge in foreign investment in the third quarter of 2024, reflecting growing confidence in the country's manufacturing sector and overall economic prospects.The Philippine Statistics Authority (PSA) reported that the total approved foreign investments (FI) reached P146.75...
ILOILO CITY – The inflation rate in Western Visayas region for October went up by 0.5 percent to 3.9 percent from 3.4 percent in September.The Philippine Statistics Authority (PSA)-6 attributed this to higher prices of food and non-alcoholic beverages.A vegetable vendor in Iloilo City. (Tara...
After narrowing in August, the country's trade deficit widened again in September as exports fell sharply while imports continued to rise, the Philippine Statistics Authority (PSA) reported.PSA data showed the trade balance—the difference between exports and imports—increased to a...
The National Economic and Development Authority (NEDA) remains confident that the government can still achieve its full-year growth target despite a slowdown in gross domestic product (GDP) growth in the third quarter of 2024.In a briefing on Thursday, Nov. 7, the Philippine Statistics Authority...
While imports picked up from its August decline, exports and factory output continued declining to a two-month low mainly due to seasonal demand shifts, the Philippine Statistics Authority (PSA) reported Wednesday, Nov. 6.Total exports in September 2024 were valued at $5.96 billion, showing an 8.9...
