Workers are seen cleaning windows of a building in this Aug. 15 photo. The unemployment rate stood at 5.3% in August, the government reported. — PHILIPPINE STAR/ EDD GUMBAN THE UNEMPLOYMENT RATE inched up month on month in August, while job quality continued to worsen, the Philippine Statistics Authority (PSA) said on Thursday. Preliminary results […]
By Keisha B. Ta-asan CASH REMITTANCES jumped to the highest in seven months in July, as overseas Filipino workers (OFW) likely took advantage of the weaker peso to send their families more money amid elevated inflation. Data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances sent through banks went up by 2.3% to […]
CASH REMITTANCES jumped to the highest in seven months in July, as overseas Filipino workers (OFW) likely took advantage of the weaker peso to send their families more money amid elevated inflation. Read the full story.
THE PESO weakened further against the greenback on Thursday after the latest correction in global oil prices and slower growth in cash remittances in July. The local unit closed at P57.16 per dollar on Thursday, shedding five centavos from its P57.11 finish the day prior, data from the Bankers Association of the Philippines showed. This […]
THE PHILIPPINES’ unemployment rate in July dropped to its lowest since the onset of the coronavirus disease 2019 (COVID-19) pandemic. Preliminary data from Philippine Statistics Authority (PSA) showed the unemployment rate — or the share of the unemployed Filipinos to the total labor force — fell to 5.2% in July, improving from 6% in June […]
MANUFACTURING SLOWED in July after coming from a high base a year ago, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary results of the PSA’s latest Monthly Integrated Survey of Selected Industries (MISSI) showed the factory output as measured by the volume of production index (VoPI) grew by 2.5% year on year in July, […]
The demand for locally made products contracted for the first time in over a year in July while imports eased, bringing the trade deficit widening to another record, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the agency showed the value of outbound shipment of goods amounted to $6.212 billion in July, […]
THE Philippine Statistics Authority reported on Thursday there were fewer jobless Filipinos in July this year as the unemployment rate declined while the employment rate improved.However, the number of underemployed workers also rose.The PSA said the unemployment rate declined to 5.2 percent in July, which is equivalent to 2.6 million jobless Filipinos. This was an […]
Q: When is the effectivity date of the regulation?A: July 16, 2022.Q: Who is covered by the regulation?A: a. Taxpayers who are using the principal and supplementary receipts/invoices.b. Taxpayers with or who will apply for:* Authority to Print (ATP),* Registration of Computerized Accounting System (CAS) or Computerized Books of Accounts (CBA), and* Permit to Use […]
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose 398.78% year on year to P30.321 billion in July, the Bureau of the Treasury (BTr) reported. Budgetary support to GOCCs also rose 145.95% compared to the June total. Subsidies amounted to P75.01 billion in the first seven months, according to preliminary data from the BTr. Subsidies […]
THE Philippine government posted a narrower fiscal shortfall in July as state revenue grew larger than expenditures last month, the Bureau of the Treasury (BTr) reported.The national government’s fiscal performance recorded a deficit of P86.6 billion, down 28.41 percent from P121.2 billion in the same period last year.July’s budget shortfall is also narrower than the […]
THE EXIT of short-term foreign investments slowed in July, as the Bangko Sentral ng Pilipinas (BSP) continued to tighten monetary policy. Data released by the central bank showed transactions on foreign investments registered with the BSP through authorized agent banks (AABs) saw a net outflow of $103.14 million in July, the smallest outflow in two […]
by Diego Gabriel C. Robles The National Government’s budget deficit narrowed in July, as government revenues grew by double-digits, the Bureau of the Treasury (BTr) reported on Friday, with economists attributing this to the uptick in business activity as pandemic restrictions continued to ease. In a statement, the BTr said the budget gap stood at […]
The country’s balance of payments (BoP) position remained in a deficit for a fourth straight month in July, as more dollars flowed out of the country to pay for the government’s foreign debt. Data released by the Bangko Sentral ng Pilipinas (BSP) on Friday showed the BoP deficit widened to $1.819 billion in July, a […]
This infographic compares the current daily minimum wages set by the country’s Regional Tripartite Wages and Productivity Board and the inflation-adjusted minimum wages as of July based on latest preliminary data by the Philippine Statistics Authority (PSA). While the current minimum wages are determined at the regional level to account for factors such as companies’ […]
Headline inflation quickened to its fastest pace in nearly four years in July, mainly due to soaring prices of food and higher transport costs. Preliminary data from the Philippine Statistics Authority (PSA) showed the consumer price index (CPI) at the national level climbed 6.4% year on year in July, from 6.1% in June and 3.7% […]
Headline inflation went up to its highest in nearly four years in July due to faster increases in food and transport items. Preliminary data from the agency showed consumer price index climbed by 6.4% year on year in July from 6.1% in June and 3.7% a year ago. This was higher than the 6.2% median […]
THE PESO weakened further against the dollar on Tuesday ahead of the release of latest inflation data and tensions between the United States and China. The local unit ended trading at P55.435 versus the greenback, shedding 12.5 centavos from its P55.31-to-a-dollar close on Monday, according to data from the website of the Bankers’ Association of […]
THE PHILIPPINES’ manufacturing sector slowed in July as production and new orders declined, signaling weaker global demand, S&P Global said on Monday. Read the full story.
NO LOCKDOWN will be implemented in the Province of Cebu amid the threat of monkeypox, Gov. Gwendolyn Garcia said at the start of the month-long celebration of the 453rd founding anniversary of the province of Cebu.“Diseases are here to stay. The challenge is to boost our immune system, to ensure that we protect ourselves. But […]