Rice prices continued to ease in early May, indicating a potential further slowdown in inflation after headline inflation decelerated in April to its slowest pace since November 2019.
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.
The EU-ASEAN Business Council (EU-ABC) met with officials from the Department of Agriculture (DA) to strengthen cooperation on agriculture, trade, and sustainability between the European Union and the Philippines.
The major groups representing government workers and retirees — the Philippine Government Employees Association (PGEA), the Philippine Alliance of Retired Educators (PARE), and the GSIS Retirees Association, Inc. (GRAI) — have declared their full support for GSIS president and general manager Wick Veloso.