Philippine headline inflation eased to 6.8 percent in May from 7.2 percent in April, coming in below the Bangko Sentral ng Pilipinas’ (BSP) projected range of 7.1 percent to 7.9 percent as transport costs and food price increases moderated, according to data released Friday by the Philippine Statistics Authority (PSA).
Domestic trade in the Philippines continued to expand in the first quarter of 2026, reflecting sustained movement of goods across the country despite persistent regional trade imbalances driven by uneven production and consumption patterns.
Hog production posted a strong recovery in the first quarter, signaling improving industry conditions after two straight years of contraction, although falling farmgate prices suggest supply pressures and cautious consumer demand continue to weigh on the sector.
Foreign investment approvals in the Philippines jumped 52 percent in the first quarter, driven largely by South Korean capital and major projects in entertainment, manufacturing, and tourism-related industries, according to the Philippine Statistics Authority.
The Philippine labor market showed modest improvement in March, with unemployment easing slightly, though broader indicators suggest lingering pressures on job quality and workforce participation.
The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.
The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.
Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.
Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.