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6.33 million workers were underemployed in July, up from 6.11 million in June as more sought additional hours or another job.
The government is proposing ₱69.9 billion for rice programs in 2027, but the real test will be whether farmers earn more, production costs fall, and consumers see lower prices.
Lucio Tan’s LT Group property arm posts ₱209.9 million net income as revenue rises 26% in the first half.
Agriculture workers earn well below the national average as rising farm costs and weak crop prices eat into farmers’ incomes.
Jollibee Group’s Q2 profit climbed 5.7% as margins recovered from higher costs, while its global store network reached 10,767.
The country’s sovereign wealth fund says its investments helped grow assets to ₱79 billion while generating returns for the government.
Inflation among the bottom 30% of income households rose to 8.2%, driven by higher prices of food, electricity, and other essential expenses.
A single peso can be taxed several times throughout its journey.
World Bank classification places the country in a broad mix of upper-middle income nations across Asia, Latin America, Africa and Europe.
