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President Marcos expects TPLEX extension to spur economic growth in North Luzon
President Ferdinand R. Marcos Jr. on Wednesday witnessed the formal presentation of the Concession Agreement for the Tarlac-Pangasinan-La Union Expressway extension project, a cornerstone of the Build Better More infrastructure program and aims to shorten to 40 minutes the usual 90-minute drive between Rosario and San Juan, both towns of La Union.
Philippines trade deficit widened in May to $4.6 billion; electronics led export decline
The Philippines' trade deficit widened in May to USD4.6 billion from USD4.4 billion in the year-earlier period as the decline in exports, led by lower sales of electronic products, was magnified by a margin decline in imports.
Unemployment rate eases to 4.1 percent in May; 48.87 million Filipinos with jobs
Unemployment rate in the Philippines eased in May to 4.1 percent from 4.3 percent in the same period last year as the economy generated more jobs, helped by increased spending on infrastructure development.
NG debt hits P15.35 trillion in May
Outstanding Philippine national government (NG) debt totalled P15.35 trillion in May, an increase of P330.39 billion, or 2.2 percent, from end-April level. This was primarily attributed to the impact of local currency depreciation on the value of NG's foreign-currency denominated debt.
DOTr plans hailing trainmaker CRRC Dalian before Court of Arbitration in Singapore
The Department of Transportation (DOTr) plans hailing CRRC Dalian, the Chinese train manufacturer, before the Court of Arbitration in Singapore over alleged non-compliant trains delivered to the MRT-3 system but have never been used.
