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).
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.
DITO Telecommunity has surpassed 15 million subscribers just four years after its commercial launch in March 2021, marking a major milestone in its rapid rise as the Philippines’ third telco player.
Philippine Airlines (PAL) is making waves in the travel industry with its new “2-in-1 Getaway Fares,” allowing international travelers to explore two Philippine destinations for the price of one.
Travelers should brace for higher airfares in August following the Civil Aeronautics Board’s (CAB) announcement Friday raising fuel surcharges to Level 4 for both domestic and international flights.
Cebu Pacific has taken delivery of a new Airbus A330neo, becoming the first Philippine carrier to operate a 100-aircraft fleet — a key corporate milestone that highlights both scale and strategic fleet modernization.