News
Davao Region economy reaches ₱1.14T in 2025
2+ hour, 30+ min ago (357+ words) DAVAO Region’s economy expanded to ₱1.14 trillion in 2025 at constant 2018 prices, while both per capita income and household spending increased, reflecting sustained economic growth, according to the Philippine Statistics Authority (PSA). Presenting the region’s economic performance during the recent Regional Development…...
Mabalacat City execs visit seasonal workers in Korea
1+ day, 11+ hour ago (171+ words) SunStar Publishing Inc. Mabalacat City Mayor Geld Aquino and Vice Mayor Jun Castro traveled to Taebaek City, South Korea, to visit and check on the welfare of the foreign seasonal workers (FSWs) from Mabalacat City.During their visit, the two…...
Survey: Filipinos remain optimistic despite inflation, financial pressures
5+ day, 6+ hour ago (511+ words) FILIPINO consumers remain optimistic about their financial future despite persistent inflation and rising living costs, although more households are cutting back on spending and expecting difficulty paying bills, according to TransUnion Philippines’ latest Consumer Pulse Study. The Second Quarter (Q2) 2026 survey…...
Cost-cutting measures trim City Hall’s budget deficit
1+ week, 2+ day ago (450+ words) ONE year after declaring Cebu City was in a fiscal crisis, Mayor Nestor Archival said his administration narrowed the City’s budget deficit by more than P2.3 billion through a year of cost-cutting measures and tighter spending controls, although the local government…...
Central Visayas inflation eases in June 2026
1+ week, 3+ day ago (305+ words) INFLATION in Central Visayas eased for a second straight month in June 2026, although the region continued to post the highest inflation rate in the country as elevated food prices kept overall consumer prices under pressure. Data from the Philippine Statistics…...
Central Visayas inflation seen staying high
1+ week, 4+ day ago (585+ words) INFLATIONARY pressures in Central Visayas are expected to remain elevated in the coming quarters as higher global commodity prices, geopolitical tensions, climate-related disruptions and power supply risks continue to threaten the region’s price stability, according to the Department of Economy,…...
PH merchandise exports up 7.6% to $7.87B in May
1+ week, 5+ day ago (474+ words) Philippine merchandise exports rose 7.6 percent to $7.87 billion in May 2026 from $7.32 billion a year earlier, driven by strong demand for electronics, machinery, mineral products, and key agricultural exports, according to preliminary data from the Philippine Statistics Authority. From January to May…...
Kapalong coop ships 6-ton cacao beans to New Zealand
2+ week, 3+ hour ago (341+ words) DAVAO-BASED Kapalong Cooperative shipped six tons of cacao beans to New Zealand through its partner, Rautini, on June 30, 2026. Macario D. Gonzaga, executive regional director of the Department of Agriculture-Davao Region (DA-Davao), said the international breakthrough was the long-term result of strategic…...
Philippines joins World Bank's upper-middle income economies
2+ week, 1+ day ago (504+ words) THE Philippines has officially been reclassified as an upper-middle income economy by the World Bank. In a statement, the Department of Economy, Planning, and Development (DEPDev) said the country’s inclusion to the list marks a major milestone, which reflects the…...
PH trade deficit widens 50.5% in May
2+ week, 3+ day ago (340+ words) THE Philippines’ trade deficit widened by 50.5 percent in May as imports continued to grow at a much faster pace than exports, despite both reaching record levels for the January-to-May period, according to the latest government data. Preliminary data from the…...