By Jenina P. Ibañez, Reporter Money sent home by overseas Filipino workers (OFWs) increased for the seventh straight month as more host economies with high vaccination rates reopened. Cash remittances rose 5.1% to $2.609 billion in August from $2.483 billion a year earlier, based on data released by the Bangko Sentral ng Pilipinas (BSP) on Friday. “The growth […]
SOME 3.88 million Filipinos have been jobless in August, according to the latest report by the Philippine Statistics Authority (PSA) Thursday, Sept. 30, 2021. Unemployment stood at 8.1 percent for the month of August compared to 6.9 percent in July. In a joint statement, the Duterte’s economic team said “the result is expected, given the […]
THE National Government’s outstanding debt rose to P11.64 trillion at the end of August, with the new lockdown compelling the government to borrow more from the debt market, the Bureau of the Treasury (BTr) said Thursday. According to preliminary BTr data, the end-August debt level was up 0.28% from a month earlier. It was up […]
TOKYO, Sep 30, 2021 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for August 2021 are summarized below. I. Production 1. Domestic ProductionMazda’s domestic production volume in August 2021 decreased 53.7% year on year due to decreased production of passenger and commercial vehicles. [Domestic production of key models in August […]
SUBSIDIES extended to government-owned firms rose 747% year on year to P42.35 billion in August, led by the increased budgetary support provided to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury (BTr) reported. The BTr said government-owned and -controlled corporations (GOCCs) subsidies were also much higher compared with the P6.08 billion recorded […]
THE PESO retreated versus the dollar on Monday due to rising coronavirus infections ahead of the release of August inflation data. The local unit closed at P49.925 per dollar on Monday, weakening by 8.5 centavos from its P49.84 finish on Friday, based on data from the Bankers Association of the Philippines. The peso opened Monday’s […]
INFLATION likely quickened in August and settled above the central bank’s official target range anew, as a weaker peso pushed food prices up, according to analysts. Read the full story.
THE PESO weakened versus the greenback on Wednesday following the release of data showing weak manufacturing activity and the country’s rising debt stock. The local unit closed at P50.07 per dollar yesterday, shedding 31 centavos from its P49.76 finish on Tuesday, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s session […]
Here’s a quick glance at how PSEi stocks fared on Tuesday, August 31, 2021.
Here’s a quick glance at how PSEi stocks fared on Wednesday, August 25, 2021.
SOME areas or households in each of the 21 barangays of the town of Oslob in southern Cebu have been placed on granular lockdown since August 17, 2021 because of confirmed cases of coronavirus disease 2019 (Covid-19). No one is allowed to enter or exit these areas for 14 to 21 days, depending on the […]
WARNINGS. The post Sunday, August 8 on the Facebook page of Lapu-Lapu City disaster management chief Nagiel B. Banacia had little variation from the same theme it has drummed into the public mind in the past two weeks: the threat of Covid and the reality of death. The first line said: “There is so much […]