Top News
DOE confirms third round GEA will proceed this year
The Department of Energy (DOE) has reassured lawmakers that the highly anticipated third round of the Green Energy Auction (GEA3) will be completed within the year, providing a crucial boost to the country’s renewable energy sector.
Trade deficit widens in August as growth in imports outpace exports
The trade deficit continued to widen in August to USD4.38 billion from USD4.11 billion in the year-earlier period as import growth continued to outpace the increase in exports.
Manufacturing, real estate at core of FDI net inflows rising 5.5% in July
The Bangko Sentral ng Pilipinas (BSP) on Thursday reported foreign direct investment (FDI) net inflows in July reaching USD820 million.
Manila, Seoul partner on major infrastructure projects boosting mobility and economy
Finance Secretary Ralph G. Recto on Wednesday announced financing agreements with the government of South Korea for three major infrastructure projects aimed at enhancing mobility and fostering economic growth in the Philippines, particularly in Luzon and the Visayas.
Unemployment rate eases to 4 percent in August; services lead job creation
The unemployment rate eased to 4.0 percent in August, with the economy creating more jobs, particularly in the services sector.The August print is down from 4.4 percent in August 2023 and 4.7 percent last July.
