MANILA, Philippines — The country’s unemployment rate went up in January from the previous month, following the end of the Christmas holidays when seasonal jobs were being created, according to the Philippine Statistics Authority (PSA). Preliminary results of the Labor Force Survey released yesterday showed the country’s jobless rate was at 4.8 percent in January […]
Read MoreMANILA, Philippines — Economists are expecting a smaller rate hike by the Bangko Sentral ng Pilipinas (BSP) this month as inflation stayed below nine percent after easing to 8.6 percent in February from 8.7 percent in January. Aris Dacanay, ASEAN economist at HSBC, said the easing of the consumer price index (CPI) in February is […]
Read MoreMANILA, Philippines (Updated 10:53 a.m.) — The proportion of jobless Filipinos went up in January while job quality deteriorated as the sheen of temporary jobs offered by the holiday rush faded, adding to the problems of the Marcos Jr. administration already beseeched by brutal inflation. Results of a nationwide survey of 44,302 households showed there were 2.37 million […]
Read MoreMANILA, Philippines — The softening of the country’s budget deficit is expected to send a positive signal to foreign investors and bring in much needed resources to the Philippines. During the Laging Handa briefing yesterday, economist Michael Batu said the decline in budget deficit last year allows the government to have a wider fiscal space. […]
Read MoreMANILA, Philippines — The country’s foreign exchange buffer slipped below $100 billion in February, ending four consecutive months of increases, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the BSP on Tuesday night showed the country’s gross international reserve (GIR) level declined by 1.3 percent to $99.31 billion in February after hitting […]
Read MoreMANILA, Philippines — Inflation in the Philippines eased slightly in February from the previous month due to the slower increase in transport prices, according to the Philippine Statistics Authority (PSA). National Statistician Dennis Mapa, in a press briefing yesterday, said headline inflation or the rate of increase in prices of consumer goods and services picked […]
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