Top News
NFA buffer stock at 5-year high, ready to procure more
The National Food Authority (NFA) has built up a buffer stock equivalent to 7.17 million 50-kilogram bags of milled rice—a volume enough to feed all Filipinos for nine days.
BOP swings to US$2B Deficit in March
The country's balance of payments (BOP) stood as a deficit of USD2 billion in March, a sharp reversal from the USD1.2 billion surplus recorded in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP).
Easing rice prices may slow inflation in April
Inflation in the Philippines could ease further in April, following a drop to 1.8 percent in March—the slowest pace since May 2020—if rice prices continue to decline in the latter half of the month.
PH moves to modernize coast patrol with P25.75-B fast craft deal
The government is ramping up efforts to modernize its maritime security forces, with the Department of Transportation (DOTr) opening bidding for the acquisition of 40 fast patrol crafts (FPCs) worth P25.75 billion for the Philippine Coast Guard (PCG).
ADB approves $1.45B MCRP loan in boost to economic connectivity
The Asian Development Bank (ADB) has approved a USD1.45 billion loan package representing the second and final tranche of financing for the Malolos–Clark Railway Project (MCRP), a key infrastructure initiative under the Philippine government’s North–South Commuter Railway (NSCR) system.
