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Philippine economy grows a slower 5.2% in 3Q
The Philippine economy expanded by 5.2 percent year-on-year in the third quarter, a slower pace mainly due to the contraction in agriculture as a result of El Niño and several typhoons that negatively impacted farm output, along with a moderation in the growth of industry and services.
Philippine unemployment drops to 3.7% in September
The Philippine Statistics Authority on Wednesday reported a significant improvement in the labor market In September, with the economy creating more jobs to trim the unemployment rate down to 3.7 percent.
Inflation rises to 2.3% in October
Headline inflation climbed to 2.3 percent in October, up from 1.9 percent in September on higher food prices.
Treasury bill rates up at auction on inflation outlook
Average rates on Treasury bills were mostly higher at the auction on Monday, with strong demand tempering concerns over a possible rise in inflation...
NG outstanding debt rise to P15.893T in September
Outstanding debt of the national government reached P15.893 trillion at the end of September, up 11 percent year-on-year due to double-digit growth in the issuance of government securities in the domestic market and in the availment of foreign loans.
