President Marcos’ chief economic manager said that the country’s labor force remains robust, and lower inflation is expected to increase jobs in the wholesale and retail trade sectors through higher spending. Finance Secretary Ralph G. Recto said that the ongoing decline in inflation “will...
The number of Filipinos employed in the water sector has risen, driven by improving wages and the expansion of establishments in water collection, treatment, and supply, data from the Philippine Statistics Authority (PSA) showed. Based on the 2022 Annual Survey of Philippine Business and Industry...
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep Joey Salceda is pushing the economic managers of the Marcos administration to keep corn prices in check, even as the inflation rate for August eased to 3.3 percent. Salceda, an economist, said...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) Speaker Martin Romualdez said the House of Representatives will do everything it can to help the Maccos administration keep food prices down--and...
The country's unemployment rate declined in July compared to the same period last year, but the number of jobless Filipinos increased during the month. Data from the Philippine Statistics Authority (PSA) revealed that the unemployment rate was 4.7 percent in July, down from 4.9 percent in the...
President Marcos' chief economic manager emphasized the effectiveness of the government's interventions in stabilizing food prices and assured that efforts to manage risks will continue to keep prices low. In a statement, Finance Secretary Ralph G. Recto said that they will continue to enhance...
President Marcos assured the public that his administration would strive to sustain the country's progress through quality jobs and affordable goods to give Filipinos comfortable lives. File photos Marcos said this as the country's inflation rate declined to 3.3 percent in August from 4.4 percent...
The Bangko Sentral ng Pilipinas (BSP) is more confident inflation will stay within the target band of two percent to four percent for the rest of the year after a “temporary uptick” in July. In a statement Thursday, Sept. 5, following the government’s announcement of a 3.3 percent August...
Consumer price growth in the country slowed to a seven-month low in August, primarily due to easing food and transport costs, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa said that headline inflation plummeted to 3.3 percent...
Before the pandemic, the Philippine poverty rate was only 19 percent, but scaled up to 23 percent in 2021, at the height of Covid-19. President Marcos was able to reduce it to 15.5 percent percent by 2023. Stop celebrating, though, because the Philippines has a population of 119 million, and if...
The inflation rate, reflecting the increase in consumer prices, is expected to slow down in the coming months, aligning with forecasts from the government and the Bangko Sentral ng Pilipinas (BSP). In a commentary, Dutch bank ING said that headline inflation will retreat to the target of two...
Current political issues in the Philippines are not affecting the performance of the country's economy, an official of the Department of Finance (DOF) assured the public. Finance Undersecretary Domini Velasquez said investor confidence has not waned despite the growing noise in the political arena....
