The total volume of rice the Philippines will import in the first quarter is likely to be significantly lower compared to the same period in 2024, as local farmers begin the harvest season and traders hold off on imports, awaiting further softening of global prices.
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 Philippines is strengthening its emergency response system with artificial intelligence-powered upgrades to Unified 911, a move aimed at easing one of the biggest concerns among foreign tourists and expatriates—getting help quickly during emergencies despite language barriers.
Foreign direct investment (FDI) slowed down during the first four months of the year, as international companies pulled back on lending and retained earnings, overriding a noticeable bump in fresh equity investments. According to the latest data from the Bangko Sentral ng Pilipinas (BSP), this dip reflects a shift in how multinational companies are funding their local operations rather than a total loss of interest in the country's economy.
The Bureau of Internal Revenue (BIR) is accelerating its digital transformation drive after winning an international award for innovation, signaling its commitment to making tax compliance easier while improving the efficiency of revenue collection.