Israel-Hamas war seen to have little impact on remittances to the Philippines
An economist expects the war between Israel and Hamas to have little effect on remittances from Filipino workers in the Middle East, an economist said Monday.
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P1b out for Marawi siege victims
Department of Budget and Management (DBM) Secretary Amenah Pangandaman disclosed over the weekend that she has approved the release of P1 billion fund for Marawi siege victims.
Use excess RCEF collections to help rice farmers—Marcos
President Ferdinand Marcos Jr. has ordered the Department of Agriculture to use the excess collections of the Rice Competitiveness Enhancement Fund (RCEF) to help rice farmers.
Jobless rate in the Philippines fell to 4.4% in August 2023
The unemployment rate in the Philippines fell to a three-month low of 4.4 percent in August 2023 from 4.8 percent in July, the Philippine Statistics Authority said Friday.
Inflation rises anew to 6.1%
Inflation hit a four-month high of 6.1 percent in September, up from 5.3 percent a month ago due to faster increases in the prices of food, especially rice, and non-alcoholic beverages, the Philippine Statistic Authority (PSA) said Thursday.
Inflation climbed to 6.1% in September
Inflation rate climbed to 6.1 percent in September from 5.3 percent in August on faster increases in the prices of food and non-alcoholic beverages, the Philippine Statistics Authority said Thursday.
Lending growth slowed to 7.2% in August—BSP
Bank loans grew 7.2 percent year-on-year in August 2023, slower than the 7.7-percent increase in July as higher interest rates tempered the demand for credit, data from the Bangko Sentral ng Pilipinas show.