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MANILA, Philippines — The country’s jobless rate climbed to 4.1 percent in April, making it the worst unemployment figure recorded in the last three months. There were 2.06 million unemployed Filipinos in April, the Philippine Statistics Authority…
MANILA, Philippines — Most members of the economic team and related departments agreed to submit their resignation on Thursday morning following President Marcos’ call for a “bold reset” of the Cabinet. Transport Secretary Vince Dizon, who was…
MANILA, Philippines — Cash remittances sent home by Filipinos overseas posted a slower growth in March, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Cash remittances coursed through banks amounted to $2.8 billion, up by 2.6…
MANILA, Philippines — The Philippines’ unemployment rate hardly moved in March but the quality of available jobs had deteriorated, as the kind of employment generated by the election season might not be enough for many households to…
MANILA, Philippines — The Philippine economy grew below market expectations in the first quarter, which the Marcos administration described as a “measured start” amid tariff-induced global headwinds. Gross domestic product (GDP), or the sum of all products…
MANILA, Philippines — Inflation might have slightly quickened in April as lower oil and food prices were likely offset by higher electricity bills and train fares. An Inquirer poll of 10 economists yielded a median estimate of…
MANILA, Philippines — The Philippine peso appreciated to the 55-level for the first time in over seven months on Wednesday, as the greenback continued to be vulnerable to shocks emanating from US President Donald Trump’s erratic trade…
MANILA, Philippines – The Marcos administration posted a double-digit tax collection growth in the first quarter on the back of stronger tax administration, which was boosted by the government’s digitalization efforts. Latest data from the Department of…
MANILA, Philippines — President Marcos has signed a law that reorganizes the National Economic and Development Authority (Neda), transforming the state’s main socioeconomic planning agency into a full-fledged executive department named as the Department of Economy, Planning…
MANILA, Philippines — Land Bank of the Philippines plans to sell UCPB Savings Bank Inc. through a negotiated sale for at least P2.39 billion. Interested buyers must pass a pre-qualification process and submit a letter of intent…
MANILA, Philippines — Remittances experienced slower growth in January as the typical surge in cash transfers during the holiday season subsided. Data from the Bangko Sentral ng Pilipinas (BSP) revealed that cash remittances coursed through banks increased…
MANILA, Philippines — The number of unemployed Filipinos dropped to 1.63 million in December from 1.66 million in November, as more people found jobs during the holiday season. This lowered the unemployment rate from 3.2% to 3.1%,…
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