Tag: PSA

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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.

PSA revises GDP growth for 2024

The Philippine Statistics Authority (PSA) has revised estimates for the country’s economic performance, covering both 2023 and 2024, with updates on quarterly and annual figures by industry and expenditure. 

Filipino women making strides in workforce, leadership

Filipino women are increasingly asserting themselves in the workforce and playing a more prominent role in shaping the nation’s future, according to the latest data from the Philippine Statistics Authority (PSA).

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ERC suspends grid delivery fee for energy storage during emergencies

The Energy Regulatory Commission has approved the temporary waiver of delivery service charges for energy storage systems during declared national energy emergencies.

First Gen confirms $5B non-binding offer for EDC from Indonesian firm

First Gen Corp. has disclosed to the Philippine Stock Exchange that Indonesian company PT Barito Renewables Energy submitted an unsolicited, non-binding offer to acquire its geothermal subsidiary Energy Development Corp. for around $5 billion.

SEC overhauls rules for local credit rating agencies

The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market.

Updated national radiological plan boosts PH nuclear emergency readiness

The Department of Energy has completed revisions to the National Radiological Emergency Preparedness and Response Plan, strengthening the country’s ability to respond to nuclear and radiological incidents.

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