Top News
Philippines jobless rate ease to 3.1% in December; services lead the way
Unemployment rate in the country eased to 3.1 percent in December, its lowest rate in 2023.
Industrial production gains back some of the strength lost in recent months
Industrial production in the Philippines, which measures the performance of the various industrial units such as manufacturing, mining and others, rose 2 percent in volume terms in December. In value terms, industrial production grew 2.6 percent.
Inflation eases further in January to 2.8% on lower food prices
Headline inflation decelerated in January to 2.8 percent, its slowest pace since October 2020, due mainly to lower food prices, utilities, and transport.
Moody’s tracks Ph corruption index a notch higher in 2023
The Philippines ranks among the weakest across the Asia-Pacific region in the important metric of transparency, which measures whether governments and their officials are forthright and accountable, according to Moody’s Analytics.
IMF projects output expansion bouncing back to 6% in 2024
Local output expansion that underwhelmed the economic managers last year at only 5.6 percent in terms of the gross domestic product (GDP) is seen reaccelerated to 6 percent this year, the International Monetary Fund said.
