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Philippines: Unemployment rises marginally in October

MANILA, Philippines — The number of Filipinos who are unemployed rose marginally in October, likely the result of a confluence of factors that include recent weather disturbances, having more young people opting to return to school, and not having enough applicants qualifying for vacant positions in government. The results of the October 2018 round of […]

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Philippines: Inflation slows to 6% in November

But BSP keeps tight watch on core index MANILA, Philippines — Reprieve from rising prices is on the horizon for consumers as headline inflation – or the rate of increase in prices – slowed down to six percent in November from 6.7 percent the previous month, the Philippine Statistics Authority (PSA) said yesterday. The slowdown came after a steady […]

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Philippines: Suggested retail price for sugar urged

MANILA, Philippines — The Sugar Regulatory Administration (SRA) is urging the Department of Trade and Industry to implement a suggested retail price for sugar. Emilio Yulo, SRA board member for the planters sector, said the DTI should be on deck in addressing profiteering as sugar prices remain high at retail level despite the decrease at […]

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Philippines: Economists see possible rate cuts early 2019

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may pause from its tightening episode and even start cutting its interest rates next year as a result of the easing of inflationary pressures, according to economists. ANZ Research said the moderation in inflation to below market estimates at six percent in November from a near 10-year high of 6.7 percent […]

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