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FDI continues to weaken in June – BSP
Foreign direct investments (FDI) that fell at an annual clip of 34 percent in May continued to fall in June but at a significantly moderate rate of only 3.9 percent in June, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Government outstanding debt rises by P99.44B to P14.24T in July
The Philippines’ outstanding national government debt increased further in July, rising by P96.44 billion to P14.24 trillion.
Philippines July trade balance still in deficit; narrower on-year at $4.20B
The Philippines’ balance of trade with the rest of the world still showed a wide deficit in July, with exports still lagging the value of products bought by the country to sustain the economy.
Global goods trade show signs of upturn in Q2—WTO
Trade in global goods showed signs of a turnaround in the second quarter of 2023, driven by strong automobile production and sales, according to the World Trade Organization (WTO).
Employed Filipinos total 44.6M in July, down from 48.8M in June
The Philippine economy lost more than 4 million jobs between July and June this year, with data released Friday by the Philippine Statistics Authority showing the number of employed Filipinos plunging to 44.6 million in July from 48.8 million in June.
