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Unemployment falls, but Philippine jobs remain fragile
The Philippine unemployment rate fell sharply in August, but the improvement came with enough fine print to keep the labor market from declaring victory.
Inflation surges to 7.2% in Sept., to test BSP policy
Philippine inflation surged to 7.2 percent in September, matching the pace in April, which is the fastest rate in three-and-a-half years and putting the Bangko Sentral ng Pilipinas under renewed pressure to tighten monetary policy.
Retail sales seen to hit ₱7.71 trillion as value-seeking consumers drive shift toward essentials
Retail sales this year are projected to reach $123 billion, roughly ₱7.71 trillion at current exchange rate, marking a 1.7 percent growth from $121 billion last year, according to the United States Department of Agriculture's Foreign Agricultural Service in Manila.
Fuel prices set to rise again after brief dip, adding strain to businesses, households
Fuel prices are poised to climb higher this week, just a week after seeing a short-lived rollback, according to a local industry leader.
Stronger bank lending and money supply expansion signal resilient economic momentum
The various banks accelerated their lending activity in August, driven by a steady demand for credit from key business sectors. Big banks expanded their loan portfolios by 11 percent year-on-year, picking up speed from the 10.4 percent growth recorded in July.
