A wealthy woman in a mountain cave lends plates to her neighbors, sails overseas to trade cacao, and may be responsible for a broken bridge. The legend of Maria Cacao is stranger and more local than a typical fairy tale. Read more »
The lack of inspection facilities for imported agricultural products is allowing smuggled goods to enter the Philippines, according to the Samahang Industriya ng Agrikultura (SINAG). Read more »
The Philippine peso fell to a record intraday low of ?63.15 per US dollar on October 15, amid oil price concerns, US inflation, and domestic economic pressures. Read more »
Rice prices up 30 percent are hitting low-income households in Western Visayas hardest, according to the Philippine Statistics Authority. Read more »
Two of Bicol’s six provinces posted negative growth last year, but Sorsogon also saw the region’s biggest drop in poverty. Read more »
The Philippines is expected to post a current account deficit of nearly $20 billion annually through 2027, as elevated oil and commodity prices continue to drive up import costs, according to updated projections from the BSP. Read more »
