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PSA downgrades 2023 GDP to 5.5% on lower services, import numbers
The Philippine Statistics Authority on Thursday downgraded the growth estimate for 2023 to 5.5 percent from 5.6 percent.
Visitor arrivals up 18% in 1Q on influx of South Korean tourists
Overseas Filipino workers, who are included in the data sourced by the DOT from eTravel, accounted for 5.7 percent of arrivals, or a total 94,265, lower by 16 percent from the same period last year.
Tiu-Laurel appalled by industrial fish catch for factories diverted instead into wet markets
Imported fish species destined for processing on an industrial scale but found instead to have been sold in wet markets across the country has prompted the Department of Agriculture to suspend the issuance of import clearance.
NG budget swings to P164.7B deficit in Feb after posting surplus in Jan
The National Government stepped up spending in February, negating revenue gains during the month to post a wider budget deficit of P164.7 billion, erasing a surplus posted in January.
IEMOP signals WESM price hikes as mercury levels climb in the hot months ahead
The Independent Electricity Market Operator of the Philippines (IEMOP) projected peak power demand rising 6 percent at the Wholesale Electricity Spot Market (WESM) as temperature climbs in the hot months forward when the island groups across the country demand the most from the power grid.
