The average price of regular milled rice fell 20 percent year-on-year to P40.66 per kilo in the first half of August, potentially easing overall inflation if the downtrend holds through month-end.
The farm gate price of palay continued its downward spiral in July, dragged down by weakening global prices of the grain that have spurred a surge in rice imports.
The Philippine economy expanded by 5.5 percent year-on-year in the second quarter of 2025, the Philippine Statistics Authority reported, reflecting sustained domestic activity across sectors.
Revisions to the first-quarter gross domestic product (GDP) kept economic growth steady at 5.4 percent, the Philippine Statistics Authority (PSA) said.
Data for second-quarter GDP...
The Philippines’ unemployment rate in June rose to 3.7 percent, up from 3.1 percent a year earlier, according to the latest Labor Force Survey released Wednesday by the Philippine Statistics Authority (PSA).
Bank lending and domestic liquidity continued to expand in August, providing ongoing support to local output and economic activity despite a slight moderation in growth, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Papal Nuncio to the Philippines Archbishop Charles John Brown visited an exhibit at the Bangko Sentral ng Pilipinas (BSP) Money Museum, located at the BSP Hub within the central bank’s head office in Manila, during his visit on 02 September 2025.
Berkshire Hathaway has struck a deal to acquire OxyChem, the chemical division of Occidental Petroleum, in an all-cash transaction worth USD9.7 billion, subject to customary adjustments.
OceanaGold (Philippines) Inc. recently appointed Brian Martin as Chairman of the Board of Directors, a move that signals both continuity and ambition for the listed miner behind the Didipio gold-copper operation.