Top News
Philippines jobless rate tad higher at 3.9% in March
The Philippine labor market showed a slight increase in unemployment in March, with the jobless rate rising to 3.9 percent from 3.8 percent in February, according to the Philippine Statistics Authority (PSA).
Inflation slows to 1.4% in April, lowest in over four years
Headline inflation eased further to just 1.4 percent in April, marking the lowest rate since November 2019, according to the Philippine Statistics Authority (PSA).
WESM prices drop 15.3% in April as supply outpaces demand surge
The average price of electricity sold at the Wholesale Electricity Spot Market (WESM) dropped by 15.3 percent in April, offering potential relief to consumers and commercial buyers facing rising summer demand. This was learned from data released Monday by the Independent Electricity Market Operator of the Philippines (IEMOP).
Treasury bill yields edge higher at auction
Average yields on Treasury bills inched higher at Monday’s auction, as global uncertainties continued to damp expectations of a sustained decline in local inflation.
Inflation could fall to 1.3% in April, raising prospects for rate cuts
Inflation data, due to come out on Monday, is projected to ease further in April 2025, with the Bangko Sentral ng Pilipinas (BSP) forecasting a possible low of 1.3 percent, marking a continuation of the disinflation trend and strengthening the case for monetary easing later this year.
