PH unemployment worsens, 2.06M jobless in April

Ian Nicolas P. Cigaral - @inquirerdotnet 06/06/2025

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…

Economic managers resign after Marcos orders Cabinet overhaul

Ian Nicolas P. Cigaral - @inquirerdotnet 05/22/2025

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…

Overseas cash remittances hit $2.8 billion in March

Ian Nicolas P. Cigaral - @inquirerdotnet 05/15/2025

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…

PH jobless rate inches up to 3.9% in March, as job quality worsens

Ian Nicolas P. Cigaral - @inquirerdotnet 05/08/2025

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…

Slower than expected: PH economy grows by 5.4% in Q1

Ian Nicolas P. Cigaral - @inquirerdotnet 05/08/2025

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…

PH inflation likely inches up despite lower food, oil prices

Ian Nicolas P. Cigaral - @inquirerdotnet 05/02/2025

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…

Strong peso hits 55-level against US dollar

Ian Nicolas P. Cigaral - @inquirerdotnet 05/01/2025

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…

PH tax revenues up 14% to P931.5B in Q1 2025

Ian Nicolas P. Cigaral - @inquirerdotnet 04/30/2025

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…

Marcos signs law transforming Neda into DepDev

Ian Nicolas P. Cigaral - @inquirerdotnet 04/12/2025

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…

Landbank seeks buyer for UCPB Savings Bank for P2.39B

Ian Nicolas P. Cigaral - @inquirerdotnet 03/20/2025

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…

Remittance growth slows in January 2025 to $2.84B

Ian Nicolas P. Cigaral - @inquirerdotnet 03/17/2025

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…

Unemployment falls to 1.63 million in December – PSA

Ian Nicolas P. Cigaral - @inquirerdotnet 02/06/2025

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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