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NG debt payments push GIR level lower in June
The country’s gross international reserves (GIR) level, an indicator of capacity to pay the country's obligations as and when they fall due, eased to USD104.70 billion as of end-June 2024 from the year-ago level of USD105.02 billion.
June inflation eases to 3.7% from level in May
The Philippines' headline inflation moderated to 3.7 percent in June 2024 from 3.9 percent in May, signaling a slight deceleration in overall price level
Jan-June visitor arrivals rise 12% to 3.03 million, led by South Koreans
Visitor arrivals in the Philippines in the first six months of 2024 rose 12 percent year-on-year to 3.03 million, with double-digit increases in tourist numbers from North Asia providing the main boost to the country’s tourism industry.
Long haul foreign investments seen rounding 2024 as net inflows of $9.5 billion
Foreign direct investments (FDI), the kind that stays invested for the long haul and generates employment for Filipinos, is seen aggregating USD 500 million this year...
Metro Manila daily minimum wage increases by P35 on July 17
The daily minimum wage in Metro Manila for private sector workers will increase by P35 starting July 17, a salary adjustment that will directly impact 988,243 minimum wage earners and may also affect around 1.7 million employees paid higher salaries.
