Top News
DA expanding pilot P20 rice program to cover 14M Filipinos
The Department of Agriculture (DA), under the directive of President Ferdinand Marcos Jr., is set to broaden the scope of the pilot run for the P20-per-kilo rice program, aiming to reach up to 14 million Filipinos by September.
SEC pulls plug on non-compliant state-funded lender
The Securities and Exchange Commission (SEC) has revoked the primary registration and certificate of authority of the People’s Credit and Finance Corp. (PCFC), formally stripping the state-linked financier of its license to operate as a financing company.
Wait there’s more! PSA says 25M Filipinos functionally illiterate
Despite widespread access to basic education, nearly 25 million Filipinos—or about one in every five people aged 10 to 64 years old—are still “not functionally literate,” according to the Philippine Statistics Authority (PSA).
Widening BOP deficit flagged as key risk to external stability
The Bangko Sentral ng Pilipinas (BSP) on Monday reported that the country’s external position, represented by the balance of payments (BOP), posted a deficit of USD2.6 billion in April 2025, sharply wider than the USD639 million shortfall recorded in the same month last year.
Moody’s strips U.S. of AAA Rating, citing debt surge
Moody’s Investors Service has downgraded the United States’ sovereign credit rating one notch from Aaa to Aa1, citing growing concerns over the country’s fiscal outlook, including surging debt levels and rising interest obligations.
