Top News
Inflation eases again, now below BSP target
The country's annual inflation rate dipped slightly to 1.3 percent in May, down from 1.4 percent in April, according to data released by the Philippine Statistics Authority. While the decline is modest, it marks a continued deceleration in price increases, indicating a slower pace of inflationary momentum.
Manufacturing PMI slips to 50.1 in May
The S&P Global Philippines manufacturing purchasing managers’ index (PMI) dropped to 50.1 in May from 53 in April, signaling a sharp slowdown in sector growth.
WESM rates drop 11% in May, easing power costs for businesses and consumers
The average price of electricity in the Wholesale Electricity Spot Market (WESM) dropped by 11.2 percent to ₱4.01 per kilowatt-hour (kWh) in May, offering relief to commercial and residential consumers amid steady demand growth, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Foodpanda among top taxpayers in Taguig City
Delivery Hero Philippines Inc., the operator of food delivery platform foodpanda, has been recognized as the eighth highest taxpayer in Taguig City for 2024, underscoring the company's growing commercial footprint and contribution to local economic development.
DepEd slashes paperwork to boost teaching focus nationwide
Public school teachers across the country are finally breathing easier as the Department of Education (DepEd), under the administration of President Ferdinand R. Marcos Jr., slashes classroom paperwork by 57% through a sweeping policy reform.
