Philippine export of agricultural products in the first quarter rose 11 percent year-on-year to USD1.72 billion, helping narrow the country’s deficit in the trade of farm and fishery products during the January-March period.
The Bangko Sentral ng Pilipinas kept key interest rates unchanged at its policy meeting on Thursday, noting inflation risks remain tilted toward the upside. Even so, the central bank dangled the possibility of policy easing as early as August this year.
The National Food Authority will need P16.3 billion next year to procure the country's target rice buffer stock and additional budget to upgrade storage capacity.
AirAsia Philippines on Tuesday projected strong operational performance in the second half this year on the basis of heightened willingness among Filipinos to spend on travel.
Tourist arrivals in the Philippines rose nearly 14 percent in the first four months of the year to 2.12 million, with foreign visitors led by tourists from South Korea.