MANILA, Philippines — Unemployment continued to soften in May, while the quality of jobs improved beating but some sectors are still slashing their workforce as inflationary headwinds persisted. In a briefing on Friday, the Philippine Statistics Authority reported the results of a nationwide survey of 11,042 households showed there were 2.17 million Filipinos who were […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may consider a rate cut if inflation returns to within the two to four percent target range for the fourth quarter of this year. Amid the inflation downtrend and possible return within the inflation target toward the end of the year, BSP Governor Eli Remolona told […]
Read MoreMANILA, Philippines — Local factory output improved in May as Philippine manufacturers carved some headspace amid a global economic slowdown. Data provided by the Philippine Statistics Authority on Friday showed the volume of production index (VoPI), a measure of manufacturing output, expanded by 8.1% year-on-year in May. This was slightly faster compared to the 7.7% outturn […]
Read MoreMANILA, Philippines (Updated, 10:53 a.m.) — Consumer price growth continued to soften in June as the domestic economy absorbs aggressive rate hikes in the past, bolstering the case for the Bangko Sentral ng Pilipinas to maintain the tightening pause. Inflation eased 5.4% year-on-year in June, slower compared to the 6.1% outturn recorded in the previous month, the […]
Read MoreMANILA, Philippines — More Filipinos are keeping their money in banks, showing their confidence in the industry despite the series of bank failures in the US, according to the Bangko Sentral ng Pilipinas (BSP). Latest data from the central bank showed deposit growth accelerated to 9.8 percent in end-March from 7.2 percent in the same […]
Read MoreMANILA, Philippines — Philippine manufacturing activity in June posted its weakest expansion in nearly a year, as growth in production and new orders eased, according to S&P Global Market Intelligence. In a statement yesterday, S&P Global Market Intelligence said the Philippines Manufacturing Purchasing Managers’ Index was at 50.9 in June, down from 52.2 in May. […]
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