MANILA, Philippines — The country’s manufacturing output grew in 2022, albeit at a slower pace than the previous year, as growth eased in some industry divisions, while some posted contractions, according to the Philippine Statistics Authority (PSA). Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed manufacturing output as […]
Read MoreMANILA, Philippines — Manila and Tokyo signed seven agreements on humanitarian assistance, infrastructure and agriculture during President Ferdinand Marcos Jr.’s official working visit to Japan, Malacañang said. Marcos and Japanese Prime Minister Fumio Kishida witnessed the signing of agreements on Thursday. “After our meeting, I can confidently say that our Strategic Partnership is stronger than […]
Read MoreMANILA, Philippines — The Philippines posted a 10 percent increase in motor vehicle production in 2022 but it remains behind the majority of its Southeast Asian neighbors. Based on data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF), 92,223 motor vehicles were assembled in the Philippines last year, higher than the 83,846 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is not ruling out another surprise supply shock after inflation blew past expectations to hit a fresh 14-year high of 8.7 percent in January from 8.1 percent in December. BSP Governor Felipe Medalla said authorities are not ruling out another surprise as inflation for January exceeded […]
Read MoreUNEMPLOYMENT picked up in December from a month earlier but job quality appears to have improved, data from the Philippine Statistics Authority (PSA) showed. The jobless rate rose to 4.3 percent from 4.2 percent in November, the PSA reported on Wednesday, with 43,000 Filipinos ages 15 and above joining the ranks of the unemployed. At […]
Read MoreMANILA: The unemployment rate in the Philippines reached 4.3 per cent in December 2022, 0.1 percentage point higher than the performance in November but the second lowest since April 2005, reported Xinhua, quoting the Philippine Statistics Authority (PSA) on Wednesday. The number of unemployed Filipinos rose to 2.22 million in December, PSA data showed. Boosted […]
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