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 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.
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.
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.
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.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has backed a proposal to declare a state of calamity to mobilize government resources against the worsening effects of El Niño, saying authorities must act quickly as forecasts point to a potentially severe climate event.
Prime Midstream expects demand for natural gas to remain strong as the Philippines faces growing electricity needs, volatile fuel prices and the challenge of balancing renewable energy growth with reliable power supply.
Japanese Embassy Deputy Chief of Mission Ono Sho attended the 82nd Anniversary of the Leyte Gulf Landings recently at the MacArthur Landing Memorial National Park, framing his presence as a gesture of friendship spanning the political, defense, economic, and diplomatic spheres.
San Miguel Corp. (SMC) has received recognition from the US Department of Agriculture (USDA) for importing nearly USD370 million worth of American agricultural products in 2026, highlighting the Philippines’ importance as a market for US farm exports.