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THE growth of the country’s export earnings continued to slow in August 2025, according to the latest data released by the Philippine Statistics Authority (PSA).

Based on the International Merchandise Trade Statistics of the Philippines, the country’s exports grew 4.6 percent to $7.06 billion in August 2025 from the $6.75 billion posted in the same period last year.

It can be noted that after peaking at 26.9 percent in June 2025, export earnings slowed to 17.6 percent in July and posted single-digit growth in August.

‘The year-to-date total value of exports, that is from January to August 2025, amounted to $55.7 billion. This represents an annual increase of 12.6 percent from the year-to-date total export value of $49.45 billion in January to August 2024,’ the PSA said.

The commodities that posted contractions in August were copra oil cake or meal which contracted 71.9 percent in August, followed by unmanufactured tobacco at 67.8 percent; other products manufactured from materials imported on consignment basis, 63.4 percent; copper concentrates, 62.5 percent; and other fruits and vegetables, 62.4 percent.

Commodities that posted the fastest growth in August were led by other forest products which surged 200.3 percent; gold, 153.4 percent; footwear, 127.2 percent; iron and steel, 91.2 percent; and desiccated coconut, 89.9 percent.

‘The commodity group with the highest annual increment in the value of exports in August 2025 was electronic products with $303.79 million. This was followed by gold with an annual increase of $160.37 million, and other mineral products with an annual increment of $112.09 million,’ the PSA stated.

Further, PSA said electronic products remained the country’s top exports in August 2025 with total earnings of $3.87 billion or 54.8 percent of the country’s total exports during the period.

The data showed this was followed by other mineral products with an export value of $384.26 million, accounting for 5.4 percent of the total; and machinery and transport equipment with $363.65 million, or 5.1 percent of total export earnings.

Import receipts

Meanwhile, the country’s import receipts amounted to $10.6 billion, indicating an annual decrement of 4.9 percent from the $11.15 billion import value in the same month of the previous year.

In July 2025 and August 2024, the PSA said that the country’s import value recorded annual increases of 5.8 percent and 2.9 percent, respectively.

In August 2025, the PSA said the commodity group with the highest annual decrement in the value of imported goods was mineral fuels, lubricants and related materials with $611.83 million.

This was followed by metalliferous ores and metal scrap, which decreased by $168.7 million, and cereals and cereal preparations with an annual decline of $86.15 million.

‘The year-to-date total import value from January to August 2025 amounted to $88.08 billion. This represents an annual increment of 5.1 percent from the year-to-date total import value of $83.78 billion in January to August 2024,’ the PSA said.

China top export market, import source

Meanwhile, the PSA said the country’s top export market and import source for August 2025 was China.

In terms of exports, Hong Kong, China was the country’s top export destination with an export value amounting to $1.19 billion or a share of 16.9 percent to the country’s total exports in August 2025.

Other top export partners for the month were the United States of America (USA), $1.09 billion or 15.4 percent of the total; Japan, $979.00 million, 13.9 percent; People’s Republic of China, $849.32 million, 12 percent; and Republic of China (Taiwan), $292.18 million or 4.1 percent of total exports.

In terms of import source, the People’s Republic of China was the country’s largest supplier of imported goods valued at $3.19 billion or 30.1 percent of the country’s total imports in August 2025.

Other import sources included Republic of Korea with an import value worth $848.93 million or 8 percent of total imports; Indonesia, $838.78 million or 7.9 percent of total; Japan, $731.06 million or 6.9 percent of total; and USA, $698.41 million or 6.6 percent of the total.

WHILE the government boosted its release of cash allocations, state agencies’ budget use slipped to 93.8 percent as of the end of August, according to the Department of Budget and Management (DBM).

Latest data from the DBM showed that the notices of cash allocation (NCAs) released to government agencies hit P3.356 trillion from January to August this year.

The figure is higher by 7.43 percent from the P3.124 trillion disbursed in the same period last year.

An NCA is a disbursement authority issued by the DBM to government agencies to pay their operating expenses, purchases of supplies and materials, as well as programs and projects.

Following the NCAs released by the DBM as of end-August, government agencies only used P3.147 trillion, posting a utilization rate of 93.8 percent.

However, the cash utilization rate was lower compared to the 95 percent recorded during the same period a year ago.

A higher NCA utilization rate shows the capacity of line agencies to timely disburse their allocated funds and implement their programs and projects.

DBM data further showed that line departments utilized P2.288 trillion or 91.9 percent of the P2.490 trillion in NCAs disbursed to them. The utilization rate was also slightly lower than the 93 percent posted a year ago.

Among the departments, the Department of Public Works and Highways (DPWH) and the Department of Education (DepEd) receive the highest NCAs worth P646.698 billion and P484.589 billion, respectively.

DepEd’s use of its cash allocations moderately improved at 95.8 percent compared to last year’s 95 percent, while DPWH’s budget utilization marginally slowed to 94.3 percent from 95 percent a year ago.

Based on the data, none of the line departments achieved a 100 percent utilization rate of its cash allocations during the eight-month period.

Still, the Commission on Audit registered the highest NCA utilization rate at 99.6 percent, trailed by the Department of Migrant Workers with 98.8 percent and the Department of Foreign Affairs with 98.5 percent.

Furthermore, budgetary support provided to government-owned and -controlled corporations (GOCCs) reached P82.843 billion as of end-August, lower by 10.47 percent year-on-year from P92.540 billion.

Of the amount, P81.697 billion was utilized, equivalent to 98.6 percent, slightly down from last year’s 99 percent.

Meanwhile, NCAs allotted to local government units (LGUs) amounted to P783.083 billion. Approximately P777.298 billion of this amount was utilized, or 99.3 percent.

State agencies, including LGUs, have a remaining P209.082 billion in unused NCAs as of the end of August.

Out of the record P6.326-trillion national budget for this year, 95.5 percent or P6.041 trillion has been released as of the end of August.

For 2026, the national budget is proposed at P6.793 trillion, 7.4 percent higher than this year’s level.

The Department of Migrant of Workers (DMW) expressed concern on the recent reported attack by Houthi rebels on a Dutch-flagged cargo ship, Minervagracht, after it was reported that a Filipino was among its 19 crew members.

The agency said it is currently coordinating with the ship operator, employer, manning agency, and the Department of Foreign Affairs (DFA) to verify if a Filipino was among those affected from the incident.

‘Once it is verified, DMW is prepared to give immediate assistance [to the affected Filipino seafarer],’ DMW said in Filipino in a statement issued last Tuesday.

‘We will provide further updates as soon as details are confirmed,’ it added.

It said its package of support for the affected Filipino sailor and his or her family will include medical assistance, repatriation, counselling and psychological support, and legal aid.

According to international news reports, Minervagracht was set on fire after it was attacked with an explosive by Houthi rebels.

The European Union maritime mission Aspides rescued the crew of the Dutch-flagged ship, which supposedly included a Filipino sailor, before they were transported to Djibouti.

DMW has been closely monitoring the status of ships with Filipino crew members, which pass through the Gulf of Aden and the Red Sea due to Houthi attacks.

Last July, two ships-Magic Seas and Eternity C-with Filipino sailors were attacked by Houthi rebels while sailing in the said dangerous waterways.

The said incidents prompted DMW to impose stricter measures for shipowners and manning agencies, which have ships with Filipino sailors passing through the Gulf of Aden and the Red Sea.

‘In accordance with the directive of President Ferdinand R. Marcos Jr., the DMW continues to strengthen the protection and care for seafarers-especially in high-risk areas such as the Gulf of Aden,’ DMW said.

JUSTICE Secretary Jesus Crispin Remulla on Tuesday debunked accusations that former House Speaker Martin Romualdez is being shielded by the government from the ongoing investigation into the multibillion corruption in flood control projects.

At a press briefing, Remulla stressed that the Justice department is now looking into the possible culpabilities of Romualdez over questionable budget insertions and kickbacks from flood control projects.

‘We are already studying everything, liability-wise because [resigned Ako Bicol Party-list Representative] Zaldy Co, as the chairman of appropriations, is well-known as the Speaker’s choice. We all know that.He’s the one the Speaker trusted, and he was the one placed there,’ Remulla explained.

‘So, even from the start, you already know that something was not right with what’s now coming to light,’ he added.

Remulla made the statement after Senator Francis ‘Chiz’ Escudero accused Romualdez of providing the script to implicate senators in the flood-control project anomalies in order to divert the public’s outrage away from him.

The DOJ secretary assured the public that no one will be spared from its ongoing investigation.

‘We’re not protecting anyone here. This is really for the country. There is nothing personal here. This is beyond friendships. It’s beyond school connections or fraternal ties. It’s already beyond all that because what’s at stake here is the Filipino people-our country is what’s at stake. ‘We cannot allow this to be neglected,’ Remulla stressed.

‘He is among those we are seriously looking into as someone who may have liability here,’ he added, referring to Romualdez.

Acting Philippine National Police (PNP) chief Lt.. Gen. Jose Melencio Nartatez Jr. has ordered local police units to coordinate with concerned agencies in the conduct of search and rescue missions for all the missing persons as a result of the series of weather disturbances that hit the country last week.

He also said that he understands what it feels to have missing relatives and family members and emphasized the need to show them that the national government, including the PNP, will exhaust all the measures to locate their kin.

‘I have already ordered our territorial forces to assist in the operations to locate those in the missing list,’ Nartatez said.

Based on the latest National Disaster Risk Reduction and Management Council (NDRRMC) situational report, 12 of the missing persons were in Eastern Visayas, two in Oriental Mindoro, and one each in Bicol Region and Western Visayas.

Meanwhile, Nartatez said the PNP remains in full coordination with the NDRRMC and local government units in relation to the post-disaster response in Masbate, the Mindoro provinces and other areas severely affected by ‘Opong.’

He said the coordination includes deployment of personnel and PNP resources needed in relief distribution and rehabilitation programs of affected areas.

THE Government Service Insurance System (GSIS) asked Congress to provide a clearer policy direction on its investments, following Senator Risa Hontiveros’ concerns over its P1-billion investment in online gambling firm DigiPlus.

GSIS President and General Manager Jose Arnulfo A. Veloso emphasized that the state pension fund’s mandate is to grow and protect members’ contributions through investments that are legal and transparent.

‘We would like to get the wise wisdom of this committee and your chamber. We are just being obedient, if this is what the people want, let us change the policy so we could be guided,’ Veloso said mostly in Filipino.

‘We were told that if the company is legal and listed by the Philippine Stock Exchange, then we could invest in it.’

The pension fund chief clarified that investments are made within strict guidelines, with focus on profitability, liquidity, and security.

Veloso highlighted that the GSIS portfolio remains largely concentrated in low-risk assets, including government bonds, loans to members, and income-generating real estate properties.

Citing the pension fund’s performance, Veloso said GSIS assets reached P1.88 trillion in the first half of the year, an increase from P1.54 trillion in 2022.

Net income in the first half of the year climbed to P77.82 billion, marking a 30 percent increase from the same period last year.

He said the actuarial life of the GSIS fund is secured until 2058, reflecting the sustainability of its investment strategy and its capacity to meet the obligations of future retirees.

Still, Senator Risa Hontiveros pressed Veloso on why GSIS chose to invest in DigiPlus, despite the social costs associated with online gambling.

Veloso acknowledged these concerns but clarified that the investment decision was based strictly on financial and legal considerations.

‘I cannot impose my own moral standards because our duty is to be able to grow the fund,’ Veloso said.

Meanwhile, the Commission on Audit (COA) flagged the DigiPlus investment and recommended that GSIS prepare recovery plans for its stock exposures ‘at a term not disadvantageous to the fund.’

COA further advised GSIS to review its investment policy guidelines and align them with the GSIS Charter, which outlines limitations on fund placements.

Veloso said the fund has already drawn up recovery plans covering DigiPlus and other equity holdings identified by the audit.

However, he explained that the fund is waiting for more stable market conditions before executing any recovery plans

THE Philippine Economic Zone Authority (Peza) has approved P154.70 billion worth of investments in the January to September 2025 period, up 33.50 percent compared to the P115.87 billion approved in the nine-month period last year.

The investment promotion agency said these approved investments in the nine-month period this year are seen to generate 50,430 jobs.

Meanwhile, Peza said these investments may result in $4.49 billion worth of export revenues.

The approved investments in the January to September 2025 period comprise 215 newly approved projects spread across various sectors.

Of the 215 approved projects, Peza said 98 are into Manufacturing; 55 are in the IT and Business Process Management (IT-BPM) sector; 18 are into Domestic ecozones; 16 are Facilities; 17 are into Ecozone Development; 7 into Logistics and 4 are into Utilities.

As for the location of these investments, Peza said 178 projects are set to rise in Luzon; 29 in Visayas and 8 in Mindanao.

By source of investments, Peza pointed out that Japan has ‘reemerged’ as the top investing nationality of Peza. From January to September 2025, Japanese firms chipped in P14.78 billion in new and expansion projects, accounting for 9.55 percent of the investments generated by the investment promotion agency in the nine-month period.

According to Peza, at the ‘forefront’ of this resurgence is the registration of a domestic market enterprise in Tarlac City which is set to manufacture food products and processed foods inside the Tari Estate.

‘Valued at over P9.1 billion, this Japanese flagship food processing facility, one of September’s big-ticket approvals, will cater to both domestic and export markets and anchoring industrial growth in the Luzon Economic Corridor [LEC],’ Peza said.

In September 2025 alone, the investment promotion agency was able to greenlight 36 new and expansion projects worth P48.87 billion. These investments are seen to be generating $1.11 billion in export revenues and creating 10,312 jobs.

For his part, Peza Director General Tereso O. Panga said: ‘Japan’s return as our leading partner reflects the fruit of our investment missions and strong collaborations with stakeholders. With nearly 10 percent of this year’s total project approvals coming from Japanese companies, we see undeniable proof of the Philippines’ standing as a trusted and highly competitive hub in Asia.’

Gigasol 1 Inc., a subsidiary of ACEN Corp., wants to increase the capacity of its solar power facility in Zambales to 225.909-megawatt peak (MWp) from 95 MWp for P13.39 billion.

The proposed expansion project will involve installation of PV modules, inverters, and main switchyard in Barangay Burgos, Botohan. Testing and commissioning of the solar project could happen in September 2027, with commercial operations expected to start by December 2027.

‘The Gigasol1 solar power plant project aims to achieve sustainable development and supply electricity to the Luzon grid to address the expected lack of supply and increasing demand for power.

Aside from employment opportunities that the project presents, the project intends to construct a means to harness clean and renewable energy for Luzon,’ the company said in a filing with the Environmental Management Bureau.

Luzon is growing at a fast pace, resulting in a projected shortfall in generating capacity, thereby creating an attractive opportunity for solar development in Zambales, added the company.

The expansion also includes the development of a 14-kilometer access road traversing barangays Poonbato and Burgos, which will support the expanded operations of the solar facility.

Gigasol1 said it will draw its expertise from previous projects in selecting technology providers and new developments in the solar technology implemented in the country in recent years.

Last August, ACEN reported that its consolidated net income declined by 88 percent year-on-year to P763 million mainly due to a P2.7-billion impairment relating to the relating to the Lac Hoa and Hoa Dong wind farms in Vietnam.

Excluding this one-off booking and the P1.35-billion valuation gain in 2024, net income fell 24 percent over the same period, due to depressed Wholesale Electricity Spot Market prices and increased depreciation effects.

‘Despite these headwinds, attributable renewables output grew 9 percent year-on-year to 3,228 GWh [gigawatt hours], driven by new contributions from international plants.’

Last December, the company said its capital expenditures (capex) for this year could increase to P70 billion from P50 billion in 2024.

‘We are forecasting P50 billion in capex across all geographies for fiscal year 2024. In 2025, we expect to spend roughly P70 billion,’ said ACEN President and CEO Eric Francia. The amount will be used to achieve its goal of having 20 gigawatts (GW) of renewable energy capacity by 2030.

THE lawyers of former President Rodrigo Roa Duterte are asking the Pre-Trial Chamber of the International Criminal Court (ICC) to first determine whether his deteriorating health affects his ability to stand trial.

‘Mr. Duterte’s cognitive impairment is sufficient to warrant litigation of the matter prior to the holding of the confirmation hearing,’ said his counsel, international lawyer Nicholas Kaufman. ‘In light of the aforementioned, and given their relevance, the Defense hereby submits the present medical information into the case record.’

In a public redacted filing dated September 29, 2025, Kaufman submitted new medical records to support his claim that Duterte is suffering from cognitive impairment.

The submission is part of the ongoing case which investigates alleged crimes committed during Duterte’s presidency, particularly in connection with his controversial war on drugs.

The defense said two separate medical evaluations-one by a professional appointed by the ICC Detention Centre and another by a defense-proposed expert-corroborate the impairment and raise serious concerns about Duterte’s legal competency. The legal team also requested a status conference before the court’s judicial recess to address the matter urgently.

However, the prosecution strongly opposed the defense’s move, arguing that the medical submissions are irrelevant to the Chamber’s determination on interim release. In its own filing, also dated September 29, the Office of the Prosecutor said Duterte remains a flight risk, could interfere with proceedings, and may commit further crimes if released.

The Prosecution criticized the Defense for filing the medical challenge five months after Duterte’s initial appearance, and after key procedural deadlines had passed. It noted that during those months, Duterte was able to instruct his legal team to file jurisdictional challenges, request the disqualification of judges, and negotiate conditions for interim release-suggesting he was mentally competent enough to participate in legal strategy.

‘The Defense has unnecessarily delayed the proceedings,’ the Prosecution said, adding that the Chamber had already made clear that any postponement of the confirmation hearing would be ‘limited to the time strictly necessary’ to assess Duterte’s fitness.

The public versions of both filings redact specific medical details and internal negotiations.

Duterte, who served as president from 2016 to 2022, faces accusations of crimes against humanity for thousands of deaths linked to his anti-drug campaign. He has consistently denied wrongdoing and previously dismissed the ICC’s jurisdiction over the Philippines.

The ICC has yet to issue a ruling on the Defense’s latest request.

THE International Container Terminal Services Inc. Elite Junior Finals blasts off Wednesday at The Country Club featuring the best junior golfers from Luzon (North) and Visayas-Mindanao (South) in a Ryder Cup-style showdown.

The finals mirror the recently concluded Team Europe vs Team USA duel and the format includes Four-Ball (Best Ball) on Day 1, Foursomes (Alternate Shot) on Day 2 and Singles matches on the final day with 48 of the country’s top juniors competing.

Team North co-captain Ryan Tambalque laid down a simple but clear plan for Day 1’s Four-Ball format where the boys’ 7-10 division opens play from the first tee, followed by the 11-14 and the 15-18 divisions.

The girls’ teams start simultaneously on the 10th tee and the three-day event is open to the public.

‘Keep the ball in the fairway and greens in regulation,’ said Tambalque, giving concise marching orders to his 24-player squad that emerged from a grueling seven-leg qualifying series organized by Pilipinas Golf Tournaments Inc.

Team South skipper Alfred Gaccion exuded quiet confidence as he acknowledged the depth of Team North.

‘The opposing team is equally equipped, so we’re focusing on a balanced fielding of players,’ said Gaccion, who singled out the girls’ 15-18 division as a potential game-changer. ‘Fortunately, we have strong representatives in every age division.’

‘The 15-18 girls will definitely be on top,’ he added, referring to his powerhouse lineup of Tashanah Balangauan, Crista Miñoza, Precious Zaragosa and Mikela Guillermo.

Team North’s counterpart in the girls’ 15-18 division are Rafa Anciano, Levonne Talion, Tiffany Bernardino and Chloe Rada.

The complete rosters:

Team North-Zoji Edoc, Zach Guico, Asher Abad and Halo Pangilinan (boys’ 7-10); Ronee Dungca, Mavis Espedido, Winter Serapio and Tyra Garingalao (girls’ 7-10); Vito Sarines, Zianbeau Edoc, Ryuji Suzuki and Jacob Casuga (boys’ 11-14); twins Lisa and Mona Sarines, Kendra Garingalao and Alexie Gabi (girls’ 11-14); Patrick Tambalque, Zachary Villaroman, Jose Carlos Taruc and Kristoffer Nadales (boys’ 15-18); and Rafa Anciano, Levonne Talion, Tiffany Bernardino and Chloe Rada (girls’ 15-18).

Team South-Ethan Lago, Lucas Revilleza, Kvan Alburo and James Rolida (boys’ 7-10); Denise Mendoza, Soleil Molde, Claren Quiño and Francesca Geroy (girls’ 7-10); Ralph Batican, Ken Guillermo, Jared Saban and Marcus Dueñas (boys’ 11-14); Brittany Tamayo, Kimberly Baroquillo, Zuri Bagaloyos and Rafella Batican (girls’ 11-14); Alexis Nailga, along with Luciano Copok, Mhark Fernando III and Eric Jeon (boys’ 15-18); and Tashanah Balangauan, Crista Miñoza, Precious Zaragosa and Mikela Guillermo (girls’ 15-18).