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 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).
The country’s gross international reserves (GIR), an indicator of capacity to pay for trade and debt obligations, rose to $99.7 billion as of end-January 2023 from the end-December 2022 level of $96.1 billion.
The Department of Finance (DOF) believes improved productivity in the agriculture sector and stable energy supply will help tame inflation that pushed past expectations...
The Department of Budget and Management (DBM) is urging the public to participate in the government's budget preparation process to ensure a responsive allocation and contribute to the achievement of the country's development goals.