A new batch of high-achieving Filipinos will start their postgraduate studies in Australia by January 2024 under Australia Awards. The contingent includes 54 scholars...
The country’s gross international reserves (GIR), an indicator of capacity to pay maturing foreign obligations, rose to USD101.3 billion as of end-November 2023 from the end-October 2023 level of USD101.0 billion, the Bangko Sentral ng Pilipinas (BSP) said.
The unemployment rate in October eased to 4.2 percent, matching the rate in November last year, as agriculture generated around 400,000 jobs compared with the level in September to more than make up for the slack in services and industry.
Philippine manufacturing operations further strengthened in November, bolstered by sustained and stronger expansion in output and new orders and the slowing of input price inflation.
The Philippines remained a net importer of agricultural products in the third quarter, recording a narrower USD2.97 billion deficit in the trade of farm goods, with Filipino consumers effectively enriching farmers in Australia, the US, and other countries in Southeast Asia.