Tourism resource consumption increased sharply in 2024 as the industry continued its post-pandemic rebound, driving significant rises in water use, energy demand, and carbon emissions, according to the latest data from the Philippine Statistics Authority (PSA).
Inflation in June appears poised to continue its descent following May’s six‑year low of 1.3 percent—a drop largely fueled by a sharp decline in rice prices, according to the Philippine Statistics Authority (PSA).
Palay and corn production are poised for significant growth in the second quarter of 2025, latest estimates by the Philippine Statistics Authority showed.
A recent decision by the Philippine Statistics Authority (PSA) to revise the carcass conversion rate for certain livestock has sparked concern in the swine industry, which continues to struggle following the first African Swine Fever (ASF) outbreak in 2019.
The Philippine labor market held its ground in April, even as early signs of strain emerged beneath the surface. Unemployment inched up slightly to 4.1 percent, from 4.0 percent a year earlier, yet the economy still managed to add more jobs and keep employment rates above 95 percent—a level considered healthy by most standards.
The US economy added significantly fewer jobs than expected in July, highlighting growing business uncertainty amid President Donald Trump's sweeping review of bilateral trade tariffs—an initiative that has triggered retaliatory measures even from longtime American allies.
Philippine Business Bank, a local savings bank, reported strong performance in the first half of 2025, with interest income and interest margin improving.
Agriculture Secretary Francisco P. Tiu Laurel Jr. proposes the distribution of 210 metric tons of smuggled frozen mackerel recently seized at the ports of Manila and Subic once approved by President Ferdinand Marcos Jr.
The economy likely expanded 5.8 percent in the second quarter this year, improving from 5.4 percent in 1Q but still lagging the 6.5 percent growth seen in 2Q 2024, according to the Bank of the Philippine Islands (BPI). The uptick, lead BPI economist Jun Neri said, was mainly driven by household consumption, buoyed by election-related outlays, cooling inflation, and sustained consumer lending.