Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).
Treasury bill yields moved mostly lower at Monday’s auction, as investors braced for a raft of key economic reports that could influence future monetary policy direction.
Rice prices may continue to ease inflationary pressure this July, even as the cost of other key food items rises with the onset of the rainy season, according to preliminary data from the Philippine Statistics Authority (PSA).
Headline inflation in the Philippines rose to 1.4 percent in June, up from May’s six-year low of 1.3 percent, driven by increased housing and utilities costs—especially electricity—and a seasonal increase in education services following the start of classes.
Inflation in June appears poised to continue its descent following May’s six‑year low of 1.3 percent—a drop largely fueled by a sharp decline in rice prices, according to the Philippine Statistics Authority (PSA).
A power consortium has started building 24 microgrid projects worth about P2.1 billion to bring electricity to remote communities in Palawan, Cebu, and Quezon Province.
Tookitaki has expanded its footprint in the Philippines with a new satellite office at Ayala Triangle Tower One in Makati City, signaling confidence in one of Southeast Asia’s fastest-growing fintech markets.
The Philippines secured more than P925 million in preliminary sales leads at Internationale Tourismus-Börse Berlin 2026, reinforcing its push to capture higher-value European travelers and expand its long-haul market base.
Monde Nissin Corp. has received a Special Citation for Obliged Enterprises at the 2026 Extended Producer Responsibility (EPR) Recognition Program, highlighting its progress in cutting plastic use and advancing circular packaging.