Top News
Jobless rate eases in Oct to 4.2% as farm sector creates more jobs
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.
Ph producers post 10-month high output growth in November
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.
Philippines agricultural trade deficit narrows to $2.97B in third quarter
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.
Outstanding NG debt rises to P14.48 trillion in October
The national government’s (NG) outstanding debt at the end of October reached P14.48 trillion, up by 1.5 percent or P212.13 billion from end-September due to the net debt issuance, availment of loans, and the peso’s depreciation against the US dollar, the Bureau of the Treasury said.
Laurel reworks rice import system with a mandatory bond
Agriculture Secretary Francisco Laurel Jr. has overhauled the process by which rice stocks are fortified to ensure uninterrupted supply, saying henceforth rice importers post a mandatory bond equal to 10 percent of any shipment.
