Malacañang: Rice prices stabilizing
RICE prices have stabilized following a cap to contain a price surge, Malacañang said Friday.
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Unemployed Filipinos dip in August
THE unemployment rate dipped to 4.4 percent in August from 4.8 percent in July, the Philippine Statistics Authority (PSA) reported on Friday.
Jiu-jitsu gives PH 3rd gold in Hangzhou Asian Games
JIU-JITSU fighter Annie Ramirez on Friday handed the Philippines its third gold medal in the 19th Asian Games in Hangzhou, China.
Unemployment rate drops for second consecutive month to 4.5% in April 2023
The unemployment rate dropped for the second consecutive month to 4.5 percent in April 2023, marking sustained improvements in the labor market.
Unemployment rate falls for third consecutive month to 4.3%, second lowest since April 2005
The Philippines’ unemployment rate fell for the third consecutive month to 4.3 percent in May 2023––the second lowest recorded since April 2005. This is a significant improvement from the 6.0 percent recorded in May 2022.
Diokno: Labor market holds strength in July 2023, supported by reforms to PH investment environment
The country’s unemployment rate in July 2023 decreased to 4.8 percent from the 5.2 percent recorded in the same period last year. The number of unemployed persons fell to 2.3 million in July, down by 329 thousand from July 2022, reflecting the continued improvement in the labor market.
DOF: Gov’t actively mitigating inflationary pressures to protect consumers, retailers, and farmers
The country’s headline inflation rate rose to 5.3 percent in August 2023 from the 4.7 percent recorded in the previous month. This brings the year-to-date inflation rate to 6.6 percent, higher than the Development Budget Coordination Committee (DBCC) assumption of 5.0 to 6.0 percent for full year 2023.
DOF: Only 12.1% of proposed 2024 budget is allocated for debt burden
The Department of Finance (DOF) clarified that only 12.1 percent, equivalent to PHP 699.2 billion, of the proposed PHP 5.768-trillion budget for Fiscal Year (FY) 2024, is allocated to financing the debt burden, including net lending.