Lower food prices in February contributed to a drop in inflation to 2.1 percent for the month. This was slower than both central bank and market forecasts, and marked a significant decline from 2.9 percent in January.
Palay production in the first quarter of 2025 is expected to reach 4.72 million metric tons, with higher yields offsetting a decrease in rice planting area, according to the latest estimate of the Philippine Statistics Authority (PSA).
The Department of Education (DepEd) on Monday addressed widespread misinterpretations of newly released national literacy figures, stating that claims suggesting 18.9 million Filipino high school graduates are functionally illiterate are “inaccurate and misleading.” DepEd cited the 2024 Functional Literacy, Education, and Mass Media Survey (FLEMMS) released by the Philippine Statistics Authority (PSA), which recorded a 70.8% functional literacy rate among Filipinos aged 10 to 64. This figure includes all individuals in that age range—not solely students or recent graduates.
Wilcon Depot Inc. reported a 27 percent drop in net income for the first quarter of 2025 to ₱536 million, down from ₱740 million in the same period last year, as weaker store sales weighed on performance despite modest expansion.
In a move to strengthen passenger safety and ensure roadworthiness across the nation’s land transport system, the Department of Transportation (DOTr) on Monday issued Department Order No. 2025-008, mandating comprehensive alcohol and drug testing for all drivers of public utility vehicles (PUVs), including motorcycle taxi riders.
The Department of Agriculture (DA) has lifted its years-long ban on the importation of processed pork products from South Korea, helping ease domestic pork supply pressures and signaling a renewed chapter in agricultural trade between the two nations.