The Philippine economy, as measured by the gross domestic product (GDP), grew 5.6 percent in 2021, slightly beating the government’s downgraded target band of 5.0 percent to 5.5 percent, rebounding from a 9.6 percent decline in the previous year, the Philippine Statistics Authority (PSA) reported...
Trade deficit ballooned last year as Philippine purchases of goods from abroad outpaced the rise in sales of locally-made products following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Thursday, Jan. 27, that the...
The country’s economy grew at a much slower pace in the third-quarter last year, the Philippine Statistics Authority (PSA) announced on Wednesday, Jan. 26. In a statement, the PSA said the economy, as measured by gross domestic product (GDP), grew by 6.9 percent from July to September 2021,...
Farm sector output worsened last year after livestock production declined by double-digits, data from the Philippine Statistics Authority (PSA) showed on Wednesday, Jan. 26. PSA DATA The PSA reported that the value of the Philippines’ agricultural output shrank by 1.7 percent from January to...
COVID-19-associated deaths shoot up last year, ranking second in the Philippine Statistics Authority’s (PSA) tally of top three causes of demise in the country. The PSA reported on Monday, Jan. 17, that the total deaths registered from January to October 2021 reached 604,329. Of that number,...
The Department of Energy (DOE) has listed 2,619 megawatts of eligible renewable energy (RE) capacity that can be granted incentives under the Renewable Portfolio Standards (RPS) in the energy sector. RPS is an incentive mechanism for RE investments in the country because it provides market for RE...
The country's trade deficit widened to a new record high in November last year as Philippine purchases of goods from abroad accelerated following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Tuesday, Jan. 11, that the...
PSC chairman Butch Ramirez Philippine Sports Commission (PSC) chairman Butch Ramirez broached the possibility of a reconciliation between Olympian pole vaulter EJ Obiena and the Philippine Athletics Track and Field Association (Patafa) following their dispute on liquidation records. “Sabi ni...
Less stringent quarantine restrictions dragged down the country’s unemployment rate in November to its best level since the pandemic began, the Philippine Statistics Authority (PSA) reported. The number of jobless Filipinos stood at 3.16 million in November based on the latest PSA Labor Force...
Consumer prices last year rose at a much faster pace than government had predicted even as inflation eased to its lowest monthly rate in December, data from the Philippine Statistics Authority (PSA) showed. The country’s headline inflation clocked in at 3.6 percent last month, the lowest posted...
Power utility giant Manila Electric Company (Meralco) is seeking more generation companies (GenCos) to join in its 170-megawatt emergency power supply procurement next month. The targeted five-month capacity purchase will be carried out through a competitive selection process (CSP) with submission...
The Philippine Statistics Authority (PSA) has formally adopted the recommendations of Anti-Red Tape Authority (ARTA) in its guidelines for securing a Certificate of Foundling and Certification of Registration of Authority to Solemnize Marriage (CRASM) . Philippine Statistics Authority (PSA) and...
