Tag: PSA

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Palay prices soften further in July as global price slips—PSA data

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.

Philippine GDP remains one of Asia’s fastest growing in 2Q; growth 5.5%

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.

1Q GDP growth holds at 5.4% after revisions

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...

Unemployment rises in June to 3.7% —PSA

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). 

Rice, utilities costs pull down July inflation to 6-year low

Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).

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Meat imports surge, led by pork and chicken

Meat imports jumped 22.9 percent in the first two months this year, reaching 292.1 million kilograms, up from 237.7 million kg during the same period in 2025, the Bureau of Animal Industry (BAI) reported Tuesday.

Government budget deficit narrows in February as revenue surge

The National Government’s fiscal position improved in February, with the budget deficit slightly narrowing to P171.2 billion from P171.4 billion a year ago, as a sharp rise in revenues helped offset faster spending growth.

DA rolls out measures to shield farmers, fisherfolk from soaring food costs

The Department of Agriculture (DA) has rolled out measures to protect farmers, fisherfolk, and consumers from rising food costs caused by higher fuel prices, Agriculture Secretary Francisco Tiu Laurel Jr. said Tuesday.

SEC set to upgrade corporate filings with paperless amendments

In a major move to modernize corporate compliance, the Securities and Exchange Commission (SEC) is set to allow paperless filing of key corporate amendments through its eAMEND system. The draft rules, now open for public comment until April 15, aim to make the process faster, more convenient, and fully digital.

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