Top News
Philippine debt edges higher, still controlled
Outstanding Philippine government debt ticked up slightly to P16.684 trillion by end-March 2025, a 0.31 percent month-on-month increase, signaling stability rather than strain.
Foreign currency reserves dip to $104.6B in April
The country's gross international reserves (GIR) stood at USD104.6 billion as of end-April 2025, down from USD106.7 billion at the end of March, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP).
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).
