Top News
Meralco hikes power rate by P0.63/kWh this August
The Manila Electric Company (Meralco) has implemented a rate increase of P0.6268 per kilowatt-hour (kWh) this August, bringing the overall residential rate to P13.2703 per kWh from P12.6435 per kWh in July. This translates to an additional P125 in the monthly electricity bill for a typical household consuming 200 kWh.
Liquidity, consumption outlook improve despite YTD decline
Net foreign direct investment (FDI) inflows to the Philippines grew by 21.3 percent year-on-year in May, reaching US$586 million from US$483 million in the same month last year, according to data from the Bangko Sentral ng Pilipinas (BSP).
PSA launches nationwide agriculture, fisheries data update
The Philippine Statistics Authority (PSA) is set to conduct the 2025 Updating of List of Agricultural Farm Operators and the Inland Fishing Households and Listing of Marine Fish Landing Centers (ULAFO-LMFLC), a major nationwide data gathering initiative aimed at improving agricultural and fisheries statistics in the country that will cost P867.9 million.
Global food prices edge up in July, still below 2022 peak — FAO
The FAO Food Price Index rose by 1.6 percent in July to an average of 130.1 points, driven primarily by surging global prices of meat and vegetable oils, according to the Food and Agriculture Organization (FAO). Despite the monthly increase, the index remains 18.8 percent below its record high in March 2022, but 7.6 percent higher than in July 2024.
Smuggled fish to feed storm-hit families – DA chief
Agriculture Secretary Francisco P. Tiu Laurel Jr. on Friday inspected over a dozen container vans at the Port of Manila, carrying frozen fish identified by President Ferdinand R. Marcos Jr. for potential donation to communities affected by recent tropical cyclones and other natural disasters.
