MANILA, Philippines — Sixty percent of employees in the Philippines have engaged in quiet quitting due to the low salary they receive and the lack of opportunities to move up in the company, according to a study by consumer and data analytics company Milieu Insight. Conducted in October last year, the survey covered 800 employees […]
Read MoreMANILA, Philippines — The series of aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP) has started eating into credit growth, as the increase in loans disbursed by big banks slowed to 13.7 percent in November from 13.9 percent in October. Preliminary data released by the BSP showed that loans released by universal […]
Read MoreMANILA, Philippines (Update 1, 11:04 a.m.) — Inflation accelerated to its fastest pace in 14 years in December, with the national government missing its annual target for the second straight year amid a supply-demand imbalance that has stoked painfully high price growth. Inflation, as measured by the consumer price index, quickened to 8.1% year-on-year in December, the […]
Read MoreMANILA, Philippines — The government steadied its infrastructure spending in October as outlays inched up by less than a percent to P61 billion, the Department of Budget and Management (DBM) said. Based on the DBM’s latest national government disbursement performance report, state infrastructure expenditure and other capital outlays went up by a mere 0.5 percent […]
Read MoreMANILA, Philippines — Manufacturing activity in the country grew at its fastest pace in six months, supported by strong local demand. A report released by S&P Global Market Intelligence yesterday showed the Philippines’ manufacturing purchasing managers’ index (PMI) rose to a six-month high of 53.1 in December from 52.7 in November. The PMI is based […]
Read MoreMANILA, Philippines — The country’s outstanding debt remained at a record high P13.64 trillion as of end-November last year as the peso appreciated against the dollar, but larger increases are still expected to happen as the government moves to finance the budget deficit, according to the Bureau of the Treasury. The latest figure was only […]
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