MANILA, Philippines — The number of jobless Filipinos went up in February from the previous month, but the quality of available jobs improved, the Philippine Statistics Authority (PSA) reported yesterday. In a press briefing, National Statistician Dennis Mapa said preliminary results of the PSA’s Labor Force Survey showed the number of unemployed rose to 2.47 […]
Read MoreMANILA, Philippines (Updated, 11:09 a.m.) — Joblessness slightly went up in February, although the quality of available work got better, state statisticians reported Tuesday. Results of a nationwide survey of 11,165 households showed there were 2.47 million Filipinos who were either jobless or out of business in February, higher than 2.37 million unemployed persons recorded in January, […]
Read MoreMANILA, Philippines — Pressures on foreign exchange have largely dissipated, allowing monetary authorities to focus on taming inflation, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said the picture is quite different now as the peso has emerged as the best performing currency in the region. The peso slumped by as much […]
Read MoreThe Philippine Statistics Authority (PSA) [link] said that March inflation came in at 7.6% higher y/y (compared to the March 2022 figure), and 0.25% lower m/m (compared to the February 2023 figure). Core inflation was 8.0% higher y/y, and 0.4% higher m/m. According to the PSA, the slowing rate of price increases in food and transportation were […]
Read MoreMANILA, Philippines — Spain is looking to penetrate the Philippines‘ retail market for its pork exports as demand is seen to grow further on the back of higher consumption and an improving economy. Interporc, the Spanish association of the pork sector, is looking to tap the retail market as it mainly caters to Philippine meat […]
Read MoreMANILA, Philippines — The country’s budget shortfall may return to expansion mode this year, rising to about P1.7 trillion as government revenues will likely take a beating from the expected economic slowdown, according to an analyst. Union Bank of the Philippines chief economist Ruben Carlo Asuncion said the bank’s updated fiscal deficit forecast stood at […]
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