Tag: PSA

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Wait there’s more! PSA says 25M Filipinos functionally illiterate

Despite widespread access to basic education, nearly 25 million Filipinos—or about one in every five people aged 10 to 64 years old—are still “not functionally literate,” according to the Philippine Statistics Authority (PSA).

Child labor number drop in 2024, sets new low

According data from the Philippine Statistics Authority, the number of working children aged 5 to 17 dropped to 863,000 in 2024 from 1.09 million in 2023 and 1.48 million in 2022. This marks a significant milestone in the country’s fight against child labor, bringing figures even lower than the pandemic-era low of 872,300 in 2020.

Rice prices ease in early May, supports slowing inflation trend

Rice prices continued to ease in early May, indicating a potential further slowdown in inflation after headline inflation decelerated in April to its slowest pace since November 2019.

Foreign investment pledges drop sharply in Q1

Foreign investment approvals plunged 82 percent in the first quarter to a total P27.99 billion compared to P155.26 billion in the same period last year, according to the Philippine Statistics Authority (PSA).

Philippines jobless rate tad higher at 3.9% in March

The Philippine labor market showed a slight increase in unemployment in March, with the jobless rate rising to 3.9 percent from 3.8 percent in February, according to the Philippine Statistics Authority (PSA).  

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ERC suspends grid delivery fee for energy storage during emergencies

The Energy Regulatory Commission has approved the temporary waiver of delivery service charges for energy storage systems during declared national energy emergencies.

First Gen confirms $5B non-binding offer for EDC from Indonesian firm

First Gen Corp. has disclosed to the Philippine Stock Exchange that Indonesian company PT Barito Renewables Energy submitted an unsolicited, non-binding offer to acquire its geothermal subsidiary Energy Development Corp. for around $5 billion.

SEC overhauls rules for local credit rating agencies

The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market.

Updated national radiological plan boosts PH nuclear emergency readiness

The Department of Energy has completed revisions to the National Radiological Emergency Preparedness and Response Plan, strengthening the country’s ability to respond to nuclear and radiological incidents.

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