Economy
Philippines pushes ASEAN unity, targets concrete gains
The Philippines is calling for deeper integration within the Association of Southeast Asian Nations (ASEAN), warning that stronger regional coordination is now essential as global uncertainties intensify.
Unemployment eases, but labor market pressures persist
The Philippine labor market showed modest improvement in March, with unemployment easing slightly, though broader indicators suggest lingering pressures on job quality and workforce participation.
ADB: Philippines stays course despite inflation surge
Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday.
Inflation hits 3-year high on oil shocks, policy tightening eyed
Philippine inflation surged to a three-year high in April, exceeding expectations and strengthening the case for further monetary tightening, according to data released by the Philippine Statistics Authority.
Agricultural trade deficit widens in March to $1.17B
The Philippines’ agricultural trade deficit widened sharply in March as import growth continued to outpace exports, highlighting persistent supply constraints despite rising overall trade, according to the Philippine Statistics Authority.
