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First-quarter growth averaging 5.7 proved broad-based although lower than forecast

The economy expanded at the rate of 5.7 percent in the first three months of the year in terms of the gross domestic product (GDP), slower than various analyst forecasts averaging 5.9 percent during the period but quicker than the adjusted but scaled-back growth of only 5.5 percent a quarter earlier, the Philippine Statistics Authority (PSA) said on Thursday.

Agriculture ekes out growth in 1Q on higher poultry production

Efforts of President Ferdinand Marcos, Jr.'s administration to modernize agriculture and assist farmers and fishermen helped the farm and fishery sector grow in the...

Philippine inflation accelerates in April, fueled by higher food prices

Consumer prices continued to pick up pace in April, with the cost of food such as rice, fish and vegetables as well as that of fuel leading the way.

1Q growth likely accelerated even as government debt acts as growth impediment

Output growth averaging only 5.5 percent in the December quarter last year was seen accelerated to 5.8 percent in the quarter ended March this year, according to analysts at Moody's Analytics

DOE awards 65,000 MW worth of wind contracts to 92 proponents

The government has awarded 92 offshore wind (OSW) contracts with potential capacity of 65,049 megawatts (MW) as of 25 March this year, the Department of Energy (DOE) said.

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BOP swings to $5.7-B deficit in 2025 amid weaker capital inflows

The Philippines posted a US$5.7-billion balance of payments (BOP) deficit in 2025, equivalent to 1.2 percent of gross domestic product (GDP). This marked a reversal from the US$609-million surplus recorded in 2024.

DA, SRA race to secure sugar industry input amid Middle East disruption

The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.

Gov’t orders cut in airport fees to help lower air travel costs

Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.

Coffee costs clip Universal Robina profits

Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.

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