Tag: Philippine Statistics Authority

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Philippines jobless rate eases to 4.3% in January

The Philippines' unemployment rate decreased to 4.3 percent in January, down from 4.5 percent in the same period last year, as the economy continued to create more jobs to accommodate new entrants to the labor force, according to the Philippine Statistics Authority (PSA) report on Thursday.

Credit bureau rolls out plan for National ID integration into database

The Credit Information Corporation (CIC) has started preliminary activities forming part of the privacy impact assessment (PIA) required by the Philippine Statistics Authority (PSA) for the Philippine Identification System (PhilSys) ID integration into the Credit Information System (CIS).

Palay farm gate price yet to hit 2018 highs—PSA data

The increase in palay production has not significantly improved the lives of rice farmers as farm gate prices have yet to hit their 2018 highs, according to seasonally-adjusted data from the Philippine Statistics Authority.

National ID delivery run still short of goal

The Philippine Statistics Authority has issued and delivered a combined 40.9 million national identification cards, called PhilIDs, to registered persons nationwide, or short of the target set for 2022. 

Q3 2022 GDP growth maintained at 7.6%

The government has retained the projected local output growth measured as the gross domestic product (GDP) at 7.6 percent in the third quarter of 2022, according to National Statistician Dennis Mapa.

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Dry spell escalates agri losses to P8.57 billion 

Rising temperatures and widespread dry spells caused by the ongoing El Niño have pushed initial agricultural losses in the Philippines to P8.57 billion, marking a nearly 25 percent increase from the P6.87 billion reported late last month.

EU, Philippines launch AI lab to draw investment, boost industry 

The European Union and the Philippines are setting up a joint artificial intelligence (AI) industry laboratory to help businesses adopt emerging technologies, improve productivity and attract investment, with micro, small and medium enterprises (MSMEs) among the intended beneficiaries.

Digital remittance study highlights evolving cross-border payment trends in PH 

Filipinos are adopting faster, digital-first methods to move money across borders, relying heavily on mobile wallets and bank transfers to support daily household needs while demonstrating an appetite for emerging digital currencies like stablecoins.

Rising debt, slower growth weigh on Philippine risk outlook

The Philippines’ business and investment outlook is deteriorating as rising public debt, slowing economic growth and weakening foreign investment inflows intensify fiscal and economic pressures, according to a new assessment by WR Advisory Group.

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