The Philippine labor market held its ground in April, even as early signs of strain emerged beneath the surface. Unemployment inched up slightly to 4.1 percent, from 4.0 percent a year earlier, yet the economy still managed to add more jobs and keep employment rates above 95 percent—a level considered healthy by most standards.
The country's annual inflation rate dipped slightly to 1.3 percent in May, down from 1.4 percent in April, according to data released by the Philippine Statistics Authority. While the decline is modest, it marks a continued deceleration in price increases, indicating a slower pace of inflationary momentum.
National rice stocks at the start of May were estimated at 2.37 million metric tons, marking a 14 percent increase compared to the same period last year. This growth was primarily driven by the aggressive palay procurement efforts of the National Food Authority (NFA).
Ischaemic heart diseases remained the leading cause of death in the Philippines from January to November 2024, according to new data released by the Philippine Statistics Authority.
Seasonal patterns boosted chicken and tilapia production in the first quarter but weighed on output of hogs, bangus, and galunggong, according to the Philippine Statistics Authority (PSA).
PLDT Global Corporation has teamed up with Pluxee Philippines (Pluxee) to empower millions of overseas Filipino workers (OFWs) to send gifts and essentials to their families back home via TinBo (Tindahan ni Bossing), the all-in-one digital marketplace created especially for OFWs.
The University of the Philippines (UP) and Converge ICT Solutions Inc. have signed a three-year Memorandum of Understanding (MOU) to develop a new generation of Filipino tech leaders equipped for an AI-driven global economy.
The Department of Public Works and Highways (DPWH) has signed an agreement with the Professional Regulation Commission (PRC) to permanently revoke the professional licenses of employees found guilty of involvement in substandard or “ghost” infrastructure projects.