By DERCO ROSAL Construction activity in the country declined in August due to reduction in residential and commercial building projects, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the number of constructions based on approved building permits fell by 7.5...
The Philippine Statistics Authority (PSA) said the estimated palay production may decline in the third quarter, while corn output is expected to increase. Based on the PSA’s latest production estimates for the July to September 2024 quarter palay production is expected to fall by 12 percent to...
By Derco Rosal The Philippine Statistics Authority (PSA) reported that rice and corn stocks continued to decline in September this year due to storm damage and lower global prices. In September, rice stock levels dropped by 11.2 percent compared to the previous month, which recorded 1.87...
The country’s trade deficit narrowed in August as imports grew at a slower pace than exports, the Philippine Statistics Authority (PSA) reported. Data from the PSA showed that the trade balance—the difference between exports and imports—fell to a 6.6-percent deficit of $4.38 billion, from an...
ILOILO CITY – The inflation rate in Western Visayas dropped to 3.3 percent in September, the Philippine Statistics Authority-6 said on Thursday, October 10. A VEGETABLE vendor in Iloilo City. The inflation rate in Western Visayas dropped in September to 3.3 percent. (Tara Yap) Nida Amolar, PSA-6...
With more women joining the workforce and jobs on the rise, the government is anticipating a merry Christmas. Filipinos may enjoy a brighter holiday season as the latest labor survey showed improvements in the job market, National Economic and Development Authority (NEDA) said in a statement. “A...
As inflation slid to its lowest level in four years, the Philippines' chief economist is looking forward to more Filipinos lifted out of poverty. "With inflation dropping from its high levels last year and early this year, together with the continuing robust labor market, we expect poverty to...
The annual growth rate of the country’s wholesale prices slowed to 1.9 percent in August this year from 2.4 percent in July, mainly due to declining prices in mineral fuels and slower increases in food and manufactured goods. According to the Philippine Statistics Authority (PSA), the growth rate...
The Philippine Statistics Authority (PSA) has partnered with GoTyme Bank to offer free bank account openings for unbanked Filipinos who registered for the National ID system through mobile registration activities. “Filipinos who have just successfully registered to the National ID system in...
Amid public concern about the national identification cards, the Philippine Statistics Authority (PSA) said that it is processing 60,000 IDs from the Bangko Sentral ng Pilipinas (BSP), which are expected to be delivered to registrants. Claire Dennis Mapa, the PSA undersecretary and national...
The Philippine Statistics Authority (PSA) revealed that the monetary intermediation industry, which includes banks, credit unions as well as other financial institutions, had the highest number of employees in 2022 compared to its other industry groups. The preliminary results of the 2022 Annual...
Senate Minority Leader Aquilino "Koko" Pimentel III has filed a resolution urging the Senate to conduct an inquiry into the backlog of national ID cards. In his proposed Senate Resolution No. 1192, Pimentel called for a comprehensive review of the implementation of Republic Act No....
