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Headline inflation decelerated in January to 2.8 percent, its slowest pace since October 2020, due mainly to lower food prices, utilities, and transport.

The Philippines ranks among the weakest across the Asia-Pacific region in the important metric of transparency, which measures whether governments and their officials are forthright and accountable, according to Moody’s Analytics.

Local output expansion that underwhelmed the economic managers last year at only 5.6 percent in terms of the gross domestic product (GDP) is seen reaccelerated to 6 percent this year, the International Monetary Fund said.

President Ferdinand Marcos, Jr. and Agriculture Secretary Francisco P. Tiu Laurel Jr. on Saturday met farmers, local government leaders and officials of the Department of Agriculture in Pampanga to sustain the push for agricultural modernization and increased food production in the face of El Nino.

The Bank of the Philippine Islands, the country’s fourth largest lender by assets, said Friday it recorded in 2023 its highest full-year net income of P51.7 billion, up 31 percent from the previous year, driven by record revenue and lower provisions that offset the increase in operating expenses.