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.
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...
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
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.
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.
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.
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.
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.