The average price of regular milled rice fell 20 percent year-on-year to P40.66 per kilo in the first half of August, potentially easing overall inflation if the downtrend holds through month-end.
The farm gate price of palay continued its downward spiral in July, dragged down by weakening global prices of the grain that have spurred a surge in rice imports.
The Philippine economy expanded by 5.5 percent year-on-year in the second quarter of 2025, the Philippine Statistics Authority reported, reflecting sustained domestic activity across sectors.
Revisions to the first-quarter gross domestic product (GDP) kept economic growth steady at 5.4 percent, the Philippine Statistics Authority (PSA) said.
Data for second-quarter GDP...
The Philippines’ unemployment rate in June rose to 3.7 percent, up from 3.1 percent a year earlier, according to the latest Labor Force Survey released Wednesday by the Philippine Statistics Authority (PSA).
The Department of Agriculture (DA) has lifted the temporary ban on the importation of pork and other swine products from Poland, citing the country’s policy on African swine fever (ASF) regionalization.
Cash remittances from overseas Filipinos rose to US$2.9 billion in November 2025, highlighting the continued importance of migrant workers’ income in supporting the Philippine economy.
The Philippines must aim higher—much higher—if it wants growth that is truly inclusive, according to the Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII).
The P9 billion-odd market for takaful, or Islamic insurance, remains small in the Philippines but is slowly gaining ground as insurers step up efforts to widen awareness and use, particularly in Mindanao.