Friday, 16 May 2025
5 Feb 2025
2:34PM
QUICK LOOK: January inflation steady at 2.9% as gov’t focuses on price stability
Food inflation was the main driver, rising to 4 percent, while other sectors saw price reductions. Rice prices softened by 2.3 percent, ahead of the government's declaration of a food security emergency to ensure affordability.
30 Jan 2025
4:36PM
Philippine 2024 GDP growth misses target due to weather, global challenges
The Philippine economy grew by 5.6 percent in 2024, slightly exceeding the 5.5 percent growth in 2023, but crucially missing the government’s 6-6.5 percent target, according to National Economic and Development Authority Undersecretary Rosemarie Edillon.
17 Dec 2024
5:46PM
NEDA approves PH-Korea free trade deal, irrigation, and calamity-resilient bridges
The National Economic and Development Authority board, led by President Marcos, approved key economic initiatives and infrastructure projects during its 23rd and final meeting of 2024.
7 Nov 2024
1:09PM
PH economy slowed to 5.2% in Q3 as El Niño, typhoons slam agri, industry, and services
Looking forward, NEDA Secretary Balisacan is optimistic about a fourth quarter recovery, driven by holiday spending, stable inflation, and lower interest rates.
5 Nov 2024
9:43AM
More expensive rice, typhoon pushed Philippine inflation up to 2.3% in Oct.
The increase in October was largely due to higher inflation in food and non-alcoholic beverages, which rose to 2.9 percent from 1.4 percent in September. Notably, rice inflation surged to 9.6 percent from 5.7 percent, driven by high retail prices despite month-on-month easing.
8 Oct 2024
10:51AM
1.1 million jobs created: PH unemployment rate dropped to 4% in Aug, boosting holiday season outlook
The National Economic and Development Authority said this improvement signals a stronger labor market as the holiday season approaches, raising optimism for increased consumer spending and economic activity.
7 Aug 2024
10:12AM
PH June unemployment matches record-low 3.1% — lowest in nearly two decades
This matches the 3.1% recorded in December 2023 and marks the lowest unemployment rate in nearly two decades, the government said on Wednesday.
6 Aug 2024
10:44AM
July price spikes? No worries, says BSP, as it predicts lower inflation for rest of 2024
The Bangko Sentral ng Pilipinas said on Tuesday that it expects the country’s inflation rate to ease for the rest of the year and into next year, after the government released official figures showing that prices of goods and services spiked in July.
16 Jul 2024
5:16PM
Two delayed deals finally moving: NEDA ok's new Bohol, Laguindingan airport terms
The National Economic and Development Authority Board approved the negotiated parameters, terms, and conditions for the Bohol-Panglao International Airport Project and modifications to the terms for the Laguindingan International Airport Project.
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