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November GIR rises to US$101.3 billion
The country’s gross international reserves (GIR), an indicator of capacity to pay maturing foreign obligations, rose to USD101.3 billion as of end-November 2023 from the end-October 2023 level of USD101.0 billion, the Bangko Sentral ng Pilipinas (BSP) said.
Jobless rate eases in Oct to 4.2% as farm sector creates more jobs
The unemployment rate in October eased to 4.2 percent, matching the rate in November last year, as agriculture generated around 400,000 jobs compared with the level in September to more than make up for the slack in services and industry.
Ph producers post 10-month high output growth in November
Philippine manufacturing operations further strengthened in November, bolstered by sustained and stronger expansion in output and new orders and the slowing of input price inflation.
Philippines agricultural trade deficit narrows to $2.97B in third quarter
The Philippines remained a net importer of agricultural products in the third quarter, recording a narrower USD2.97 billion deficit in the trade of farm goods, with Filipino consumers effectively enriching farmers in Australia, the US, and other countries in Southeast Asia.
Outstanding NG debt rises to P14.48 trillion in October
The national government’s (NG) outstanding debt at the end of October reached P14.48 trillion, up by 1.5 percent or P212.13 billion from end-September due to the net debt issuance, availment of loans, and the peso’s depreciation against the US dollar, the Bureau of the Treasury said.
