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Value, volume of production indices growth slowed in December
The Value of Production Index (VaPI), which measures changes in the monthly output of the manufacturing sector, decelerated in December from November due to slower production of transport equipment, and computer, electronic and optical products, as well as the contributed contraction in the manufacture of basic metals.
DOF lauds SC decision affirming constitutionality of TRAIN law
The Department of Finance (DOF) welcomed the decision of the Supreme Court affirming the constitutionality of the Tax Reform for Acceleration and Inclusion (TRAIN) Act amid petitions claiming the measure to be “anti-poor” and unlawful.
33 unregistered lending apps removed from Google Play
The Securities and Exchange Commission (SEC), with the assistance of Google Philippines, on Thursday removed 33 unregistered online lending platforms (OLPs) on Google Play Store.
Jobless rate at 4.3% in Dec, down from year ago
Unemployment rate in the country in December was estimated at 4.3 percent following the 4.2 percent recorded November, the lowest since April 2005, as economy continues to recover from the challenges brought by the COVID-19 pandemic, the Philippine Statistics Office said.
China proposing its own nuclear power agreement with Manila
China has offered the Philippines an opportunity to capitalize on its technology either to revive the mothballed Bataan Nuclear Power Plant (BNPP) or build a new small modular nuclear reactor (SMR).
