Tag: PSA

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Foreign investment pledges drop sharply in Q1

Foreign investment approvals plunged 82 percent in the first quarter to a total P27.99 billion compared to P155.26 billion in the same period last year, according to the Philippine Statistics Authority (PSA).

Philippines jobless rate tad higher at 3.9% in March

The Philippine labor market showed a slight increase in unemployment in March, with the jobless rate rising to 3.9 percent from 3.8 percent in February, according to the Philippine Statistics Authority (PSA).  

Philippine agriculture expands 1.9% in 1Q

Philippine agriculture started the economy on a stronger footing in the first quarter, growing 1.9 percent, with better weather conditions and intensified government interventions helping the sector recover from a full-year contraction in 2024.

Trade deficit widens to USD4.13B in March

The Philippine trade deficit widened further to USD4.13 billion in March, as export growth failed to keep pace with the double digit expansion in imports, the Philippine Statistics Authority said Wednesday.

Easing rice prices may slow inflation in April

Inflation in the Philippines could ease further in April, following a drop to 1.8 percent in March—the slowest pace since May 2020—if rice prices continue to decline in the latter half of the month.

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Bounty Fresh plans P800M convenience food expansion

Bounty Fresh is investing about P800 million in a new food manufacturing facility in Tarlac as it accelerates its push into the fast-growing convenience food segment, betting that changing consumer habits will drive demand for ready-to-cook and ready-to-eat products.

PCCI warns NAIA cargo delays threaten electronics competitiveness

The Philippine Chamber of Commerce and Industry (PCCI) has sounded the alarm over worsening cargo congestion at Ninoy Aquino International Airport (NAIA), warning that prolonged delays could undermine the competitiveness of the country’s largest export industry.

Business groups back probe into Sanjia Steel

Leading business organizations have thrown their support behind the government's investigation of Philippine Sanjia Steel Corp., saying the case raises broader questions about regulatory oversight, industrial safety, and national security that could have implications for investor confidence and governance standards.

Vehicle sales rebound as hybrid demand surges

Vehicle sales recovered strongly in May after slumping to near-pandemic levels in April, with growing demand for electrified vehicles helping lift the market despite ongoing economic and geopolitical headwinds.

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