Economy

President Bongbong Marcos may impose a four-day work week on government offices without much change in public service, but he cannot do so on factories without upending manufacturing operations, trade and export commitments. This was the position taken by the Philippine Chamber of Commerce and Industry (PCCI) when it urged the government to adopt a “balanced and evidence-based” approach to …

DR. Gay Jane P. Perez took her oath of office as Ad Interim Director General of the Philippine Space Agency (PhilSA), administered by Executive Secretary Ralph G. Recto at Malacañang Palace.  The Director General of PhilSA holds the rank of a Cabinet Secretary and serves as the Presidential Adviser on Space Matters. Dr. Perez will further advance the Philippines’ Yamang …

Executive Secretary Ralph Recto and Finance Secretary Frederick Go, the duo most responsible for managing the Philippine economy, have placed their bets on Japan in charting the course of the economy in the next few years. The TMM Business Section came to this conclusion as the joint meeting of the 42nd PHILJEC-JPECC was held last Thursday, and the pre-conference welcome …

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has given up on monetary policy as principal driver of economic growth. Remolona said monetary policy has reached the limits of its effectiveness in reviving the Philippine economy, shifting the burden to the legislative and executive departments of the government to implement fiscal reforms and address governance failures. He stressed  that …

Government statisticians reported a 2-percent inflation rate for January, the highest in 11 months,  but many Filipinos who are still reeling from higher prices of goods are not convinced. Such an inflation figure had the fastest pace since February 2025 when we notched 2.1 percent. Still, a huge part of the population aired doubts, pointing out that while the Philippine …

In January, the average price of local regular milled rice fell by 10.28% to P43.29 per kilo from P48.25 per kilo a year ago but inched up by 4.34% from P41.49 in December, according to the PSA.  Well-milled rice was likewise cheaper by 7.55% year on year at P50.05 per kilo from P54.14 but climbed by 3.73% from P48.25 in …

The Department of Economy, Planning, and Development (DEPDev) said the government is enforcing programs to manage price pressures emerging from the energy sector. It includes improving the Department of Energy’s Net Metering Program by enforcing time-bound local permitting, simplifying utility documentary requirements and expanding consumer incentives.   “The program allows consumers to install eligible renewable energy systems and export surplus …

More and more Filipinos in the labor force are finding it hard to land a job. The number of unemployed Filipinos increased to 2.26 million in December, higher than the 1.63 million logged in December 2024 and the previous month’s count of 2.25 million. For 2025, the jobless rate averaged 4.2%, equivalent to 2.14 million jobless Filipinos. This was higher …

Ten industry divisions performed so badly last year that the country’s manufacturing output decreased. This was according to the Philippine Statistics Authority (PSA). Preliminary results of the PSA’s Monthly Integrated Survey of Selected Industries showed that the Volume of Production Index (VoPI) for manufacturing posted an annual average decline of 0.02 percent last year, indicating a downtrend from the 0.7 …

It’s scraping bottom for the Philippine economy, but Cabinet officials in and out of Malacañang are still hopeful that the country a high middle-income status before the year ends. In 2025, the economy expanded by 4.4%, much weaker than the 5.7% growth in 2024. This was the weakest notch in five years or when GDP declined by 9.5% in 2020. …