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...
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...
The country’s manufacturing sector expanded at a faster pace in May this year, with 13 out of 22 industry divisions reporting positive annual growth, the Philippine Statistics Authority (PSA) reported. Based on the PSA’s Monthly Integrated Survey of Selected Industries, the volume of production...
Many job applicants were absorbed by firms in the Philippines in May, resulting in a decline in the number of jobless Filipinos during the month to 2.03 million from 2.11 million unemployed individuals in the same month last year. Preliminary data from the Philippine Statistics Authority (PSA)...
Despite double-digit exports growth in the first five months of the year, economic think tanks expect the sales of Philippine-made goods overseas to falter in the second half, especially if United States (US) President Donald Trump pushes through with his tariff spree. “Exports are also likely to...
GCash, the country’s leading e-wallet, has partnered with the Philippine Statistics Authority (PSA) to make the verification process for accounts more seamless through the national ID. Through this partnership, Filipinos are now able to use their national ID—whether in the form of card, paper,...
ILOILO CITY – The inflation rate in Western Visayas region dropped for the second consecutive month, the Philippine Statistics Authority-6 said. The agency said the inflation rate dropped 0.3 percent from 1.8 percent in April to 1.5 percent in May. “The downtrend was mainly due to the slower...
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...
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...
