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Philippine jobless rate steady at 3.1% in December
The Philippines’ unemployment rate remained steady at 3.1 percent in December 2024, matching the rate recorded in December 2023, despite a drop from 3.2 percent in November 2024. While the number of unemployed individuals rose to 1.63 million in December, up from 1.60 million a year earlier, it marked a decrease from the 1.66 million recorded in November.
Tourist arrivals breach 600,000 mark in January
Visitor arrivals in the Philippines surged 9.1 percent year-on-year to 626,900 in January 2025, marking the first time since the pandemic that arrivals breached the 600,000 mark in a single month, according to data from the Department of Tourism (DoT).
Inflation steadies in January
Inflation, or the rate of change in prices, steadied at 2.9 percent in January, according to latest price readings by the Philippine Statistics Authority.
Empty Metro Manila office space pushes higher in 2024
JLL Philippines, a leading global real estate services firm, reported a significant rise in office space vacancies across Metro Manila in 2024, attributed to the government's crackdown on Philippine online gaming operations.
DA cuts MSRP on imported rice to P55/kilo from Feb. 5
The Department of Agriculture will reduce on Wednesday, February 5, the maximum suggested retail price of imported rice to P55 per kilo, providing much-needed relief to consumers struggling with the high cost of the food staple. The MSRP was previously set at P58 per kilo.
