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 […]
Read MoreMANILA, Philippines — Foreign investment pledges approved by the country’s investment promotion agencies rose 6.5 percent in the third quarter, the Philippine Statistics Authority (PSA) reported yesterday. Commitments approved in the third quarter went up to P45.9 billion from P43 billion in the same period last year. These cover investment pledges cleared by the Board […]
Read MoreBut 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 […]
Read MoreMANILA, 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 […]
Read MoreMANILA, 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 […]
Read MoreMANILA, Philippines (Updated 1:34 p.m.) — Philippine consumers reeling from soaring prices finally got their much-awaited reprieve in November, which saw a softer inflation print on the back of slower price increments for food and tumbling oil prices, the country’s statistics agency reported Wednesday. Inflation cooled down to a four-month low of 6 percent in November from […]
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