Trade deficit, which is the difference between the value of export and import of a country, jumped by 63 percent in the first month of the year as Filipinos bought more foreign-made products, the Philippine Statistics Authority (PSA) reported on Friday, March 11. Data from the PSA showed that the...
Factory output continued to accelerate, albeit at a slower pace, in the first month of the year due to strong production in tobacco as well as wood, bamboo, cane, rattan articles and related products. In its Monthly Integrated Survey of Selected Industries (MISSI), the Philippine Statistics...
Senatorial candidate Herbert “Bistek” Bautista on Friday expressed belief that a reliable and faster internet connection in the country is possible especially if Filipino and foreign investors would merge resources to service communities who are out of reach of the top three telecommunication...
Consumer prices remained steady at 3.0 percent in February due to slower inflation for food items, but economists warned that the uptick will likely accelerate in the coming months on skyrocketing oil prices as war continues to rage in Ukraine. The Philippine Statistics Authority reported on...
More than 500 former and retired officials and employees of the National Economic and Development Authority (NEDA) and its attached agencies endorsed Vice President Leni Robredo for her “inclusive” and “clear platform” on social and economic issues. Vice President Leni Robredo (VPLR Media...
Citicore Renewable Energy Corporation (CREC) has sealed a new three-year power supply agreement (PSA) with Cogent Energy, the retail electricity supplier (RES) unit of Clark Electric Distribution Corporation (CEDC). CEDC, a subsidiary of Manila Electric Company (Meralco), is the power distribution...
Having jettisoned coal on its loan portfolio for new wave of power plant developments, Yuchengco-led Rizal Commercial Banking Corporation (RCBC) said it will be focusing project lending to at least 1,600 megawatts of renewable energy (RE) ventures in the next two years. In a media webinar, RCBC...
The Philippine Athletics Track and Field Association (Patafa) will be holding a series of performance trials as part of its selection process for the national team bound for the 31st Southeast Asian Games in Hanoi, Vietnam this May. The first tournament is scheduled Wednesday and Thursday at the...
Malacañang is expecting more livelihoods for Filipinos to be generated as approved foreign investments jumped in 2021 amid improving economic conditions despite the pandemic. People flock to Ilaya in Binondo, Manila to shop, with the National Capital Region enjoying the benefits of easing of...
Approved foreign investments jumped last year amid improving economic condition despite the prolonged pandemic, data from the Philippine Statistics Authority (PSA) revealed. Based on the PSA report on Tuesday, Feb. 15, total foreign investments reached P192.34 billion from January to December last...
Malacañang is optimistic that the country's employment situation will improve in the coming months as more Filipinos are expected to return to work with the easing of quarantine restrictions and the reopening of economic activities. People flock to Ilaya in Binondo, Manila to shop, with the...
The number of jobless Filipinos slightly inched up in the final month of last year, largely due to a larger labor force participation, according to the Philippine Statistics Authority (PSA). Based on the December 2021 Labor Force Survey released on Thursday, Feb. 10, the PSA said that unemployed...
