Shares rise as BSP chief hints at more rate cuts

August 6, 2025 | 9:00 pm

PHILIPPINE STOCKS extended their climb to a fourth straight day on Wednesday as the Bangko Sentral ng Pilipinas (BSP) chief hinted at more rate cuts.

The bellwether Philippine Stock Exchange index (PSEi) rose by 0.26% or 17.02 points to close at 6,370.65, while the broader all shares index climbed by 0.23% or 9.02 points to end at 3,779.96.

“The local market rallied further as investors continued to cheer the Philippines’ slow July inflation print and the possibility of further rate cuts by the BSP as a consequence,” Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.

“The PSEi closed at 6,370.65, up by 0.26%, as the investors are still weighing their positions, driven by left and right earnings sentiment. Moreover, there is growing optimism regarding the lower inflation, which could influence the BSP’s decision in its upcoming meeting,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

Headline inflation eased to 0.9% in July from 1.4% in June and the 4.4% clip in the same month a year ago, the government reported on Tuesday.

This was the lowest consumer price index (CPI) in nearly six years or since the 0.6% print posted in October 2019.

For the first seven months of the year, the CPI averaged 1.7%, a tad higher than the BSP’s 1.6% full-year forecast.

The Philippine central bank has room to continue its easing cycle next year after possibly two more quarter-point cuts for the rest of 2025, according to Governor Eli M. Remolona, Jr., Bloomberg reported.

A rate cut is “more likely” this month after inflation eased to a near six-year low in July, Mr. Remolona said in an interview on Tuesday. “Something unexpected would have to happen for us not to cut rates,” he said. That will likely be followed by another reduction in the fourth quarter, the governor said.

With inflation this year likely to average below the central bank’s 2%-4% goal and within that range in 2026, it gives the BSP leeway to further lower borrowing costs “as long as the numbers look good, inflation remains low and the economy can still afford” more easing, he said.

Sectoral indices were mixed on Wednesday. Services climbed by 2.19% or 48.94 points to 2,282.28; mining and oil increased by 1.67% or 152.13 points to 9,210.57; and industrials went up by 0.85% or 77.63 points to 9,150.22.

Meanwhile, property fell by 1.16% or 28.52 points to 2,422.97; financials declined by 0.35% or 7.69 points to 2,190.73; and holding firms sank by 0.08% or 4.78 points to 5,351.49.

Value turnover went up to P6.78 billion on Wednesday with 664.92 million shares traded from the P5.67 billion with 1.28 billion issues traded on Tuesday.

Advancers outnumbered decliners, 93 versus 84, while 63 names were unchanged.

Net foreign buying was at P211.85 million on Wednesday, a reversal of the P153.3 million in net selling recorded on Tuesday. — R.M.D. Ochave

Philippine jobless rate eases to 3.7% in June, but job quality still a concern

August 6, 2025 | 8:26 pm

Infra-construction worker — STOCK PHOTO | Image by Ricardo Gomez Angel from Unsplash

By Adrian H. Halili, Reporter

PHILIPPINE unemployment eased to 3.7% in June, as more Filipinos found job opportunities during the month, according to the local statistics agency.

However, labor experts cautioned that structural challenges remain in the country’s labor market, particularly on job quality and sustainability.

The June unemployment rate was lower than 3.9% in May, but higher than 3.1% a year ago, the Philippine Statistics Authority (PSA) said.

This translates to 1.95 million jobless Filipinos, down from 2.03 million in April. The number of unemployed rose from 1.62 million a year earlier. The average unemployment rate for the first half stood at 4%, slightly higher than 3.9% a year ago.

Deputy National Statistician Divina Gracia L. Del Prado said the month-on-month improvement was due to a drop in discouraged workers — those who had stopped looking for jobs, believing none were available.

However, she noted that the year-on-year rise in the unemployment rate was due to a larger number of Filipinos entering the job market, particularly new graduates, she told a news briefing.

“Because June is also graduation [season], there are many people who are actually entering our labor market,” she said. She added that many had cited active job searching or waiting to be rehired as the top reasons for being unemployed.

Underemployment — defined as workers seeking additional hours or better-paying jobs — dropped to 11.4% in June from 13.1% in May, translating to 5.76 million underemployed Filipinos. However, this figure was still slightly lower than the 6.08 million underemployed in June 2024, when the rate was 12.1%.

For the first half, the average underemployment rate stood at 12.7%, slightly higher than the 12.3% average from a year earlier.

Despite the drop in underemployment for the month, some labor groups warned against interpreting the decline as an improvement in job quality.

“Fewer people saying they’re underemployed doesn’t mean jobs are getting better,” Jose Enrique A. Africa, executive director of IBON Foundation, said in a Viber message. “It’s more likely that workers just have fewer and fewer options in a deteriorating labor market.”

He added that job quality in the Philippines continues to suffer due to low wages, lack of job security and weak enforcement of labor rights.

The country’s employment rate rose to 96.3% in June from 96.1% in May. However, this was lower than the 96.9% employment rate a year earlier.

The number of employed Filipinos increased to 50.47 million in June from 50.29 million in May, and from 50.28 million in June last year. For the first half, the employment rate averaged 96.1%, slightly lower than 96.2% a year ago.

Ms. Del Prado attributed the year-on-year dip in employment to the sharp decline in jobs in the construction sector, which lost 692,000 jobs, and the arts, entertainment and recreation sector, particularly in gambling and betting, where jobs fell by 218,000.

Several bills aiming to regulate or ban online gambling are pending in Congress amid concerns about its social impact.

Meanwhile, sectors that added the most jobs included fishing and aquaculture (+512,000), wholesale and retail trade (+375,000), financial and insurance activities (+327,000), transportation and storage (+211,000) and human health and social work (+179,000).

Services remained the largest employer, accounting for 61.4% of the employed population in June, followed by agriculture (20.9%) and industry (17.7%).

Wage and salary workers made up 63% of the employed population. Self-employed people without paid employees accounted for 27.1%, unpaid family workers for 8%, and employers in family-operated businesses for 1.9%.

YOUTH JOBLESSNESS
The average number of hours worked per week rose to 40.5 in June from 39.8 in May, but was still slightly lower than 40.9 hours in June 2024.

Youth unemployment also increased to 9.4% in June, from 8.6% a year earlier. About 1.62 million Filipinos aged 15–24 were jobless in June.

Economic Planning Secretary Arsenio M. Balisacan cited the need for targeted interventions, particularly to help young people transition from education to employment.

“We remain cautious due to the slight uptick in unemployment, particularly among the youth,” he said in a statement. “We are committed to enhancing workforce competitiveness by aligning education and training systems with industry needs.”

Labor groups called for stronger government action to address both the quantity and quality of jobs.

Josua T. Mata, secretary-general of Sentro ng mga Nagkakaisa at Progresibong Manggagawa, said the economy is not generating enough decent jobs to match the growing labor force.

“Even the jobs that are being created leave much to be desired,” he said in an e-mailed reply to questions. “Many are in sectors known for short-term, precarious and contractual work — as reflected in the decline in average hours worked.”

Federation of Free Workers (FFW) President Jose Sonny G. Matula in a Viber message said structural weaknesses in key sectors like construction, manufacturing and agriculture are dragging down overall job quality.

He also raised concerns over the potential impact of a 19% tariff imposed by the US on Philippine exports, effective Aug. 7, which could hurt industries like electronics and garments.

Maria Ella Calaor-Oplas, a De La Salle University professor, cited improving employment opportunities for full-time workers as a positive sign. “We are in a better place this year, as employment opportunities were mostly directed to part-timers last year,” she said in a Facebook Messenger chat.

Benjamin Velasco, a labor professor at the University of the Philippines, said the agriculture sector could face additional strain from possible rains and flooding in the coming months.

He cited the need for structural reforms tied to industrial and climate-responsive public employment programs, especially with holiday-driven demand potentially boosting manufacturing in the second half.

Labor experts urged the government to adopt bolder policies to improve job creation and quality. These include livelihood support, wage increases, industrial policy and green infrastructure investments.

“Waiting for the market to fix itself is not a strategy,” Mr. Mata said. “The government needs to step in urgently.”

PHL military launches air and sea search for Chinese rocket debris near Palawan province

August 6, 2025 | 8:24 pm

A Long March-5B rocket with Yuanzheng-2 upper stage blasted off from the Wenchang Spacecraft Launch Site on Dec. 16, 2024. — REUTERS

THE Armed Forces of the Philippines (AFP) has deployed air and naval units to search for suspected rocket debris from a recent Chinese space launch that may have fallen into Philippine waters near Palawan, a military official said on Wednesday.

The search and retrieval operations began on Tuesday in the Sulu Sea, between Puerto Princesa City and Tubbataha Reefs Natural Park, according to Colonel Nep V. Padua, chief of the AFP Western Command’s public information office.

“Yesterday, the Western Command, through its subordinate Air Force and Navy components, deployed [assets] to search in the vicinity of the Sulu Sea, between the east coast of mainland Palawan and Tubbataha Reefs,” he told reporters via teleconference.

He said the Philippine Air Force dispatched two aircraft and a helicopter, while the Philippine Navy sent a ship to help find and recover the debris. As of Wednesday, no fragments had been found.

The military would continue operations until the debris is located or the search is assessed to be no longer feasible, Mr. Padua said.

The suspected debris is believed to have come from a Long March 12 rocket launched by China earlier this week to deliver internet satellites into low Earth orbit.

The rocket’s two-stage system is powered by six liquid oxygen-kerosene engines and can carry up to 12,000 kilograms of payload, according to a report by Reuters.

The Philippine Space Agency said the rocket flew over Palawan, with debris expected to fall about 21 nautical miles (39 kilometers) from Puerto Princesa and 18 nautical miles from Tubbataha Reefs, a United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Site.

The Philippines has formally protested, Palace Press Officer Clarissa A. Castro told a news briefing in Nel Delhi, where President Ferdinand R. Marcos, Jr. is on a state visit.

She conveyed the government’s concern, quoting a statement by Foreign Affairs Secretary Ma. Theresa P. Lazaro.

“The Philippines notes with concern China’s launch of its Long March 12 space launch vehicle on Aug. 4, which resulted in debris falling into Philippine waters,” Ms. Castro said, based on a livestreamed video by state media.

The two countries remain locked in a geopolitical dispute over claims in the South China Sea, where about $3.36 trillion worth of global trade passes through yearly.

“The Philippines takes this opportunity to urge all spacefaring states to conduct their space activities in a manner consistent with norms of responsible behavior, and with due regard to the rights of interests of other states,” according to Ms. Lazaro’s statement.

The palace deferred comments on technical and safety matters to the Philippine Space Agency (PhilSA) and other concerned agencies.

Ms. Castro said PhilSA Deputy Director General Gay Jane P. Perez assessed the incident and confirmed that the debris drop zone was somewhat close to Philippine territory.

The National Security Council (NSC) on Tuesday criticized China’s space launch as “irresponsible,” citing the proximity of the debris drop zone to populated and environmentally sensitive areas.

“While no immediate damage or injury has been reported so far, falling debris from the launch poses a clear danger and risk to land areas and to ships, aircraft, fishing boats and other vessels that will pass through the drop zone,” National Security Adviser Eduardo M. Año said in a statement. — Kenneth Christiane L. Basilio and Chloe Mari A. Hufana

Senate ‘archives’ impeachment case vs VP Duterte

August 6, 2025 | 8:23 pm

PHILIPPINE senators voted late Wednesday to archive the impeachment complaint against Vice-President Sara Duterte-Carpio after the Supreme Court’s (SC) ruling that declared the proceedings unconstitutional.

After hours of plenary debate, senators approved a motion by Senator Rodante D. Marcoleta, who argued the Senate never formally acquired jurisdiction over the complaint and that the Supreme Court’s decision was “immediately executory,” to archive the case.

Archiving the case means it could be reopened later with majority approval.

“The Supreme Court has already spoken, the last arbiter of law,” he said on the Senate floor. “It says that the complaint was unconstitutional, is void ab initio, is violative of due process.”

The High Court earlier ruled that the impeachment of Ms. Duterte violated the constitutional ban on filing more than one impeachment complaint within a year and breached her right to due process. It said any new complaint against her could only be filed by Feb. 6 next year.

Four impeachment complaints had been filed against the Vice-President since December 2024. The House of Representatives dismissed the first three, but the fourth was endorsed by more than 200 lawmakers — exceeding the one-third constitutional requirement to send the charges to the Senate.

Senator Alan Peter S. Cayetano amended Mr. Marcoleta’s motion to dismiss to a motion to archive the case.

“You only have two choices,” he said. “Do you follow the Supreme Court, or you don’t follow?” Mr. Cayetano asked fellow senators.

He said archiving means the complaint would be set aside but could be revived by majority approval if needed.

Meanwhile, Palace Press Officer Clarissa A. Castro said President Ferdinand R. Marcos, Jr. would not interfere in the impeachment proceedings.

“The administration and the President respect [the court’s decision],” she told a news briefing in New Delhi livestreamed on Facebook. “The President won’t interfere in the Senate’s job.”

Ms. Duterte, seen as a potential 2028 presidential candidate, was impeached in February on allegations including fund misuse, unexplained wealth, destabilization efforts, and plotting to assassinate President Marcos, his wife and Speaker Ferdinand Martin G. Romualdez. She has denied all charges.

Earlier on Wednesday, House prosecution spokesman Antonio Audie Z. Bucoy said Senate dismissal of the impeachment charges without trial is premature because the Supreme Court’s dismissal of the case is under appeal and not yet final.

He urged senators to reconvene the impeachment court if the high tribunal reverses its earlier decision declaring the ouster move against Ms. Duterte unconstitutional.

“If the parties want to do it, if they want to follow, they can,” Mr. Bucoy told a news briefing in Filipino. “But there’s still a chance for it to be reviewed.”

The House has sought a reconsideration of the tribunal’s ruling.

Mr. Bucoy warned that if the Senate dismisses the charges outright based on a ruling that may still be reversed, it would reflect poorly on lawmakers.

“It will only show that they’re really rushing it, that they’re in a hurry to finish,” he said. “The justices — they’re human too, and capable of making mistakes.”

He added that the articles of impeachment remain valid should the SC reverse its decision.

Mr. Bucoy warned that upholding the SC’s decision could make it harder to hold high-ranking officials accountable. “You now have to go through the eye of a needle just to hold a guilty public official accountable.” — Adrian H. Halili and Kenneth Christiane L. Basilio

Senators back resolution to upload all budget documents online

August 6, 2025 | 8:22 pm

PHILIPPINE Senators on Wednesday unanimously backed a resolution that would mandate government agencies to upload budget documents in online platforms, allowing the public to track each stage of the budget process.

Under Senate Concurrent Resolution no. 4 all documents relating to the 2026 budget deliberations will be uploaded to the websites of the Senate and the House of Representatives.

Among the documents include the full proposed budget approved by the House of Representatives and transmitted to the Senate, funding requests submitted by government agencies, the Senate committee report and third reading version, and the reconciled version drafted by the bicameral conference committee.

Also included are the full transcripts of plenary deliberations, budget briefing, technical working group meetings, and public hearings.

“Existing technological innovations now allow for centralized, accessible, and searchable platforms for budget data that are responsive to the principles of open government and digital governance,” Senator Sherwin T. Gatchalian, who heads the finance committee said in a statement.

“Such transparency reform will enable an informed public to push for accountability on the use of public funds,” he added.

The concurrent resolution stated that all documents uploaded online should be in formats that are timely, comprehensive, and machine readable.

“The public shall be given a platform on the websites of both the Senate and House to communicate their analyses, suggestions, and feedback on the national budget,” the resolution read.

The House had likewise moved to make the budget process more transparent after it adopted House Resolution No. 94 on Tuesday to allow civil society groups to sit in during budget deliberations.

Last year’s budget deliberations drew criticism after the bicameral conference committee reportedly increased unprogrammed funds to more than P500 billion and included so-called “blank line-items” — prompting concerns that changes were made after Congress ratified the budget.

This has prompted President Ferdinand R. Marcos, Jr. to issue a warning during his State of the Nation Address on July 28 that he would reject any budget proposal that does not align with his administration’s priorities, even if it results in a reenacted budget.

The Development Budget Coordination Committee has proposed a P6.793-trillion budget, 7.4% higher than this year’s allocation and equivalent to 22% of the country’s domestic output.

Congress is expected to begin the budget process this month, once the Executive branch submits its proposed national spending plan. — Adrian H. Halili

Gov’t may scale down rice subsidy

August 6, 2025 | 8:21 pm

Rice-Kadiwa Store — PHILIPPINE STAR/EDD GUMBAN

PRESIDENT Ferdinand R. Marcos, Jr., said the government expects to scale down subsidies for its flagship rice program as improved domestic production is seen on the back of ongoing agricultural reforms.

“We got to a point where we can say, ‘We can afford this. We can afford the subsidy,’” Mr. Marcos said in Filipino, in a video blog posted on his social media pages on Wednesday night.

“And as subsidy — as the subsidy becomes less and less, the coverage of the P20-per-kilo rice will expand,” he added, noting the government will target more low-income consumers.

Since taking office, the Marcos administration has sought to boost farm output by lowering production costs, supplying machinery, and cracking down on smuggling and hoarding. Distribution of land to farmers has also been accelerated under the agrarian reform initiative.

The chief executive credited these efforts with helping the country achieve harvests in recent planting seasons.

“In the past three years, we’ve laid the groundwork. Now, we have the capacity.” — Chloe Mari A. Hufana

Nat’l ID holders get free MRT rides

August 6, 2025 | 8:20 pm

MRT-3-commuters — PHILIPPINE STAR/MIGUEL DE GUZMAN

THE Philippine Statistics Authority (PSA) announced that National ID holders can avail of free Metro Rail Transit Line 3 (MRT-3) rides every Wednesday this August.

“The free rides are available for passengers who will present any format of the National ID — card, paper, or digital,” the PSA said in a notice on its website.

This promo can be availed from 9 a.m. to 11 a.m. and 6 p.m. to 8 p.m. on Aug. 6, 13, 20, and 27.

“The National ID, regardless of the format, is a valid and accepted proof of identification for transactions with any government or private institution,” it added. — Luisa Maria Jacinta C. Jocson

Marcos’ budget warning criticized

August 6, 2025 | 8:20 pm

SONA-PBBM Marcos — PHILIPPINE STAR/KJ ROSALES

PRESIDENT Ferdinand R. Marcos, Jr.’s warning that he would not sign a budget deviating from the Executive’s proposal was criticized by a congressman on Wednesday, who said his stance threatens Congress’ ability to scrutinize and amend planned government spending for next year.

“What he’s saying to Congress is, don’t touch it, don’t change it,” Deputy Minority Leader and Party-list Rep. Antonio L. Tinio said in a media briefing in Filipino. “In that sense, he’s saying Congress must rubber-stamp the President’s submitted budget.”

Palace Press Officer Clarissa A. Castro did not immediately reply to a Viber message seeking comment.

Mr. Marcos, in his State of the Nation Address last week, said he would not approve any 2026 national budget that would veer away from the National Expenditure Program.

Mr. Tinio said the budget should be debated, and be tweaked if needed by lawmakers. “If there should be changes, then it should be changed.”

“What the President is saying won’t work, that whatever he submits, we should just approve,” he said — Kenneth Christiane L. Basilio

GSIS to review charter, policies

August 6, 2025 | 8:19 pm

THE GOVERNMENT SERVICE Insurance System (GSIS) will review its charter and policies after its P1-billion investment into online gambling platform DigiPlus Interactive Corp. was questioned by a lawmaker.

“In light of recent developments, GSIS will continue to comprehensively review its charter, investment policies, risk exposure thresholds, and sectoral guidelines, particularly those involving sensitive or high-risk industries. This will ensure alignment with our members’ evolving expectations and the highest standards of ethical and fiduciary responsibility,” the state pension fund said in a statement on Wednesday.

Senator Ana Theresia Hontiveros-Baraquel in her privilege speech on Tuesday questioned GSIS’ investment in the company, noting the company’s shares have gone down since they were bought.

“GSIS got into this when Digiplus shares were being offered at a peak of P65.30. Those shares have since dropped to a low of P13.68. That’s a loss,” she said.

The GSIS said it would cooperate with oversight institutions and regulatory bodies in connection with the investment.

“We welcome the scrutiny and call for public disclosure from various sectors, and we are prepared to present all relevant documents and data to the appropriate authorities,” the state pension fund said.

The GSIS also assured its members and pensioners that the Social Insurance Fund remained sound despite its questionable investments.

“As of June 2025, GSIS has total assets of P1.88 trillion and recorded a Net Operating Income of P76.82 billion, representing a 31% increase compared to the same period last year. We have consistently enjoyed a five-year average return on investments at 6.75%,” it said. — Aaron Michael C. Sy

Revival of classroom program urged

August 6, 2025 | 8:19 pm

classroom-philstar — PHILSTAR FILE PHOTO

A PHILIPPINE Senator on Wednesday called on the Education department to revive a program that partners with local government units to share the costs of classroom construction.

“I am urging the Department of Education (DepEd) to revive the ‘counterpart’ program, where local government units (LGU) and the national government share 50% each for the cost of new classrooms, with LGUs handling the actual construction,” Senator Sherwin T. Gatchalian said in a statement.

A report by the Philippine Institute for Development Studies (PIDS) said that the government must build at least 7,000 classrooms annually in the next 15 years to close the country’s severe public school classroom gap.

Earlier this year, DepEd estimated it would take 55 years to bridge the backlog of about 165,000 classrooms if the present pace of construction continues.

“We need to be proactive in addressing the shortage of classrooms, especially since this is a basic need of our students,” Mr. Gatchalian said.

He added that if LGUs construct simultaneously with DepEd, the country can significantly increase the number of classrooms built.

“With construction costs reaching P413.6 billion, collective efforts will help us address the shortage of over 165,000 classrooms more effectively,” he said.

A separate PIDS study identified the National Capital Region, Calabarzon, Soccsksargen, and the Bangsamoro Autonomous Region in Muslim Mindanao as having the widest gaps in classroom-to-student ratios. Most shortages were reported in elementary schools, followed by junior and senior high schools.

Under the 2025 national budget, DepEd was given P28 billion for basic education facilities, P7.18 billion of which was earmarked for new kindergarten, elementary, and high school buildings, while P6.13 billion was allotted for school repairs. — Adrian H. Halili

Singapore’s SIA Engineering to expand presence in PHL

August 6, 2025 | 8:17 pm

SIA-Brief — Officials of the New NAIA Infra Corp. and SIA Engineering have partnered to boost the Philippine aviation industry

NEW NAIA Infra Corp. (NNIC) said it is expecting more maintenance, repair, and overhaul (MRO) providers to put up hubs in Metro Manila as Singapore’s SIA Engineering Co. Ltd. (SIAEC) sets up operations at the Ninoy Aquino International Airport (NAIA) by September.

“This is a big boost for NAIA and for Philippine aviation. We welcome SIAEP and look forward to working closely with them to improve support for airlines operating here,” NNIC President and Chief Executive Officer Ramon S. Ang said in a media release on Wednesday.

SIAEC, which is majority-owned by Singapore Airlines Group, will expand its presence in the Philippines through its local unit SIA Engineering (Philippines) Corp. (SIAEP), NNIC said. The global MRO provider currently operates in Clark.

“SIAEP’s decision to expand to NAIA reflects growing confidence in the airport’s ongoing improvements and its potential to become a stronger hub for aviation services,” it said, adding that other major MRO companies have also signified their interest in establishing a presence at NAIA.

“With more players coming in, airlines will have more choices, leading to better service options and greater overall efficiency.”

NNIC, the operator of the country’s main gateway, said the entrance of SIAEC will boost the aviation industry and local carrier, while also opening more opportunities for skills development, knowledge transfer, and jobs in aircraft Maintenance.

Further, the expansion of SIAEP at NAIA is also expected to result in faster aircraft turnaround and improved technical support, benefiting both airlines and passengers.

“This is part of our broader push to raise NAIA’s standards and make it a better, more reliable gateway not only for travelers, but for the aviation industry as a whole,” Mr. Ang said. — Ashley Erika O. Jose

Mercato Centrale, Peddlr to provide digital tools for small food enterprises

August 6, 2025 | 8:17 pm

Mercato-Brief — Mercato Centrale and Peddlr teamed up to provide digital tools to small food vendors.

MERCATO Centrale Group, a local food business incubator, has partnered with technology solutions provider Peddlr Philippines, Inc. to provide digital tools to over a hundred small food vendors across Metro Manila.

Under the partnership, Peddlr’s point-of-sale (PoS) and analytics platform would be integrated into food micro, small, and medium enterprises (MSME) under the Mercato Centrale system.

Peddlr’s mobile app includes key features like PoS functions, inventory tracking, QRPh (quick response)-enabled payments, and real-time sales monitoring.

“It’s not enough to serve great food. Our vendors need to understand operations, manage finances, and build customer relationships. With Peddlr, they can take control of their business using practical and accessible tools,” Mercato Centrale Chief Executive Officer RJ Ledesma said in a statement.

The partnership also includes training and onboarding support for small-time food vendors, especially those who lack tech training or are accustomed to older devices.

Mercato Centrale, an incubator for micro and small food businesses, said the partnership seeks to bridge the digital divide for MSMEs in the country.

“Access to analytics changes the game for our vendors,” Dan Aguilar, general manager at Mercato Centrale. “They can now run promos more effectively, adjust pricing, and monitor margins. It’s an essential upgrade for today’s entrepreneurs.”

Over 99%, or 1.2 million of all businesses in the Philippines are MSMEs, according to 2023 data from the Department of Trade and Industry (DTI).

Of the total, some 15.37% of the country’s MSMEs are in the industry of accommodation and food service activities, DTI said. — Beatriz Marie D. Cruz