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Philippine economy shows resilience amid challenges, expands at faster 6.3% in 2Q
The Philippine economy accelerated in the second quarter of 2024, fueled by strong performances in services and industry, which generated more jobs to sustain consumer spending to more than compensate for a downturn in agriculture caused by El Niño.
Jobless rate eases to 3.1 percent in June; unemployed lower at 1.62 million
The unemployment rate eased to 3.1 percent in June, down from 4.1 percent in May and 4.5 percent in the same month last year, helped by greater job availability in construction, wholesale and retail, manufacturing, transportation, and hospitality, the Philippine Statistics Authority said Wednesday.
Inflation rises to 4.4 percent in July
The headline inflation rate accelerated to 4.4 percent after tapping on the brakes in June, when the year-on-year increase in the consumer price index...
BSP awaits further inflation softening cues before easing monetary policy
The Bangko Sentral ng Pilipinas said Monday it could start easing interest rates if inflation continues to decelerate with the help of softening rice prices following the reduction of tariff to 15 percent from 35 percent with the implementation of Executive Order 62.
PBBM inducts APJ-Samahang Plaridel Foundation, Inc. officers in historic Kalayaan Hall, Malacanang Palace
President Ferdinand R. Marcos, Jr., more popularly known as PBBM, joins officers and trustees of the Association of Philippine Journalists-Samahang Plaridel Foundation, Inc. for a posterity photo after administering their oath of office at Malacanang’s Kalayaan Hall.
