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Rice wholesale price remains elevated in March — PSA data

The wholesale price of rice continued to rise in March, with well-milled rice hitting a national average of P50.84 a kilo, data from the Philippine Statistics Authority show.

Changing consumer preference, smuggling set tobacco manufacturer teeth on edge

Changing consumption patterns and smuggling have set the collective teeth of the Philippine Tobacco Growers Association (PTGA) and the National Federation of Tobacco Farmers...

Philippines shows narrower deficit in trade of agricultural products in 2023 — PSA

The country's agricultural trade deficit narrowed in 2023 to USD11.49 billion as the both exports and imports of farm products decreased, data from the Philippine Statistics Authority showed.

Credit cards, car loans remain top draws as bank products

Car loans and credit cards remain the banks' most popular products in latest data showing consumer loans having grown slightly above 25 percent in February this year.

Jobless rate in February declines to 3.5 percent; services sector provides bulk of new jobs

The unemployment rate in the country declined in February to 3.5 percent, equivalent to 1.8 million Filipinos, compared with the level in January and in February last year, the Philippine Statistics Authority said Thursday.

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Thrift banks post strong 2025 growth, helps boost PH economic expansion

The Chamber of Thrift Banks (CTB) said Monday that the Philippine thrift banking industry achieved robust growth in 2025, marking continued stability and contribution to national economic development.

South Korea donated vessel helping clean up trash in Manila Bay

President Ferdinand R. Marcos Jr. and Environment Secretary Juan Miguel Cuna will lead the inauguration of the MV Nilad on June 30, a modern cleanup vessel donated by the Government of South Korea through KOICA.

Steel sector bets on infrastructure, roadmap for growth

The Philippine steel industry remains cautiously optimistic despite slowing construction activity, pinning its long-term growth hopes on the government's infrastructure pipeline and a long-awaited industry roadmap aimed at strengthening domestic manufacturing.

DTI, DOF back PEZA expansion beyond IT hubs

The Department of Trade and Industry (DTI) and the Department of Finance (DOF) have approved the lifting of the moratorium under Administrative Order (AO) 18, clearing the way for more office developments to qualify as Philippine Economic Zone Authority (PEZA) economic zones and expanding location options for information technology-business process management (IT-BPM) investors.

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