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Spot power prices drop 13% in July, lower utility bills expected
Electricity prices at the Wholesale Electricity Spot Market (WESM) fell by 13.1 percent nationwide in July, driven by lower overall demand across the country. According to data released by the Independent Electricity Market Operator of the Philippines (IEMOP) during an online briefing, the national spot price dropped to an averaged P8.31 per kilowatt-hour (kWh) as of July 25, down from P9.56 per kWh in June.
Jobless rate rises in June as labor market shows mixed signals
The Philippines' unemployment rate rose to 4.9 percent in June from 4.8 percent in May, as the number of jobless Filipinos climbed to 2.59 million, underscoring the uneven pace of labor market recovery despite an increase in overall employment.
Philippine inflation eases as transport costs cool prices
Philippine inflation slowed for a second straight month in July, reinforcing expectations that price pressures are gradually easing even as households continue to grapple with elevated costs for food, electricity and transport.
Alex Eala rules Washington with first WTA title
Washington now has a new queen, and she needed two days to claim her crown.
Philippines can reach high-income status by 2053, World Bank
The Philippines could join the ranks of high-income economies by 2053, but only if it shifts from an investment-led growth model to one driven...
