Tag: PSA

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Gold price rally boosts Philippine mineral wealth

A surge in gold valuations lifted the estimated worth of the Philippines’ mineral reserves in 2025, highlighting how global commodity prices increasingly shape the economic value of the country’s resource base even as reserve volumes and production trends remain mixed.

Corporate savings drive Philippines’ P8.4T surplus

The Philippine economy generated a record P8.40 trillion in gross savings in 2025, fueled largely by robust corporate earnings and rising national income, according to data released by the Philippine Statistics Authority (PSA).

Transport costs cool, but core inflation firms in May

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).

Philippine domestic trade expands amid regional imbalances

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 output rebounds in Q1 as prices soften

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.

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DA backs calamity declaration to mobilize El Niño response 

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 sees sustained gas demand as power needs rise

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 diplomat reaffirms bilateral ties at 82nd Leyte Gulf landings commemoration

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 earns USDA recognition for $370 million in imports

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.

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