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Jobless rate rises on agri, services cuts

MANILA, Philippines — Unemployment rose slightly in July as more jobs were shed in the agriculture and services sectors, the National Economic and Developmen.....»»

Category: financeSource: philstar philstarSep 13th, 2017

Jobless rate down but underemployment rises

Fewer Filipinos were jobless at the start of the year but the number of those looking for more work also increased, the government reported on Wednesday. Unemployment fell to 5.3 percent in January from 6.6 percent in the same month last year, the Philippine Statistics Authority’s latest Labor Force Survey (LFS) showed, equivalent to 2.32 [...] The post Jobless rate down but underemployment rises appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 7th, 2018

Jobless rate rises to 5% in Oct

MANILA, Philippines — Unemployment in the country rose in October due to a drop in the number of agriculture workers, government data showed......»»

Category: financeSource:  philstarRelated NewsDec 13th, 2017

Jobless rate rises to 6.6% in Jan

MANILA, Philippines -  The number of unemployed Filipinos swelled in January after typhoons during the tailend of 2016 caused many farm workers to lose jobs,.....»»

Category: financeSource:  philstarRelated NewsMar 14th, 2017

Lowest in 10 years : Jobless rate eases to 4.7% in Oct

MANILA, Philippines – The number of unemployed Filipinos fell further in October as more jobs were created in the services and industry sectors, the Philippi.....»»

Category: financeSource:  philstarRelated NewsDec 13th, 2016

Unemployment rate lowest in 11 years

THE RANKS of jobless Filipinos in October thinned to the lowest level in 11 years, as growth in construction and services fueled job generation......»»

Category: newsSource:  bworldonlineRelated NewsDec 13th, 2016

Front Page: Unemployment rate lowest in 11 years

THE RANKS of jobless Filipinos in October thinned to the lowest level in 11 years, as growth in construction and services fueled job generation......»»

Category: financeSource:  bworldonlineRelated NewsDec 13th, 2016

BSP backs changes to Agri-Agra law

The Bangko Sentral ng Pilipinas is backing the Agri-Agra Reform Credit Act to help ease credit access to small farmers and improve banks’ compliance rate for agrarian reform......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2018

Normin Investments soar 80% in 2017

Investments in Northern Mindanao (Region 10) for 2017 monitored by the Department of Trade and Industry Region 10 soared 80% compared to 2016, data from the agency shows. Agri-based investments accounted for the majority of the P33.410.34-billion (B) total for the region with P14.648.12-B (44%) followed by Infrastructure and Services with P13.73-B (41%) and Energy with P2.187-billion (6.55%)......»»

Category: newsSource:  kagay_anRelated NewsMay 15th, 2018

BSP raises key interest rates

After standing its ground despite rising inflation since the start of the year, the Bangko Sentral ng Pilipinas finally raised its key interest rates yesterday, saying that prices of goods and services might continue rising beyond its original forecasts for this year and next. In a briefing, BSP Governor Nestor Espenilla Jr. said the policy making Monetary Board decided to increase its overnight rate by 25 basis point to 3.25 percent---its first hike since September 2014. More importantly, the central bank hinted that its finger was on the trigger, ready to fire off another rate hike "as necessary to ensure the achievement of its price and financial stability objectives." "In de...Keep on reading: BSP raises key interest rates.....»»

Category: newsSource:  inquirerRelated NewsMay 10th, 2018

SLTC bonds keep top credit rating

SOUTH LUZON Tollway Corp. (SLTC) maintained the top credit rating on its outstanding bond issue. In a statement, Philippine Rating Services Corp. (PhilRatings) said the debt watcher assigned a PRS Aaa rating on the P7.3-billion fixed-rate bonds of SLTC. “Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity […] The post SLTC bonds keep top credit rating appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 6th, 2018

Philippine inflation rises to 4.5% in April 2018

MANILA, Philippines – Inflation, or the movement of prices of basic goods and services, rose to another 5-year high in April 2018. The Philippine Statistics Authority (PSA) announced on Friday, May 4, that inflation went up to 4.5% in April. The PSA attributed the surge to increases in the indices of alcoholic ........»»

Category: newsSource:  rapplerRelated NewsMay 4th, 2018

BSP economists: Inflation uptrend to persist

Central bank economists expect the prices of goods and services to have risen further in April due to a spike in the cost of crude oil in the international market. In a statement, the Department of Economic Research of the Bangko Sentral ng Pilipinas (BSP) said it projected the 2012-based April 2018 inflation to settle within the 3.9-4.7 percent range---higher than the 3.8-4.6 percent the group predicted for the month of March. "This represents a slight upward revision," the group said, adding that "geopolitical tensions in the Middle East caused a sharp increase in international oil prices spilling over to higher domestic petroleum prices for the month." The inflation rate for ...Keep on reading: BSP economists: Inflation uptrend to persist.....»»

Category: newsSource:  inquirerRelated NewsMay 2nd, 2018

Palace on SWS survey: ‘Government programs would create more jobs’

Malacaang is optimistic that the massive infrastructure programs of the government would create more jobs for Filipinos, despite a recent survey showing that joblessness in the country soared in the first quarter of 2018. A Social Weather Stations (SWS) survey, conducted fromMarch 23 to 27,revealed that the joblessness rate among Filipinos jumped to 23.9 percent (or an estimated 10.9 million adults) in the first three months of the 2019. The result was 8.2 percent higher than the 15.7 percent or an estimated 7.2 million adults in December 2017. READ: SWS: 10.9 million jobless, job optimism down SWS define adult joblessness as those who voluntarily left their old jobs, those w...Keep on reading: Palace on SWS survey: ‘Government programs would create more jobs’.....»»

Category: newsSource:  inquirerRelated NewsMay 1st, 2018

BSP economists see continued inflation uptrend

      Central bank economists expect the prices of goods and services to have risen even further for the month of April, due to a spike in the cost of crude oil in the international market that may have aggravated the country's three-year high inflation rate.   In a statement, the Department of Economic Research of the Bangko Sentral ng Pilipinas said it projects the 2012-based April 2018 inflation to settle within the 3.9-4.7 percent range --- higher than the 3.8-4.6 percent the group predicted for the month of March.   "This represents a slight upward revision," the group said, adding that "geopolitical tensions in the Middle East cause...Keep on reading: BSP economists see continued inflation uptrend.....»»

Category: newsSource:  inquirerRelated NewsApr 30th, 2018

Amazon delivers hefty profits, led by web services

SAN FRANCISCO, USA – Internet colossus Amazon on Thursday, April 26, reported its quarterly profit more than doubled on soaring revenue from online commerce and cloud services. The earnings beat market expectations and came with an announcement that Amazon is raising the annual Prime subscription rate in the US to $119 ........»»

Category: newsSource:  rapplerRelated NewsApr 27th, 2018

Strong agri sector at the root of ARMM’s growing economy

COTABATO CITY – While the growth rate of the Philippines’ gross domestic product slowed at the national level, the Autonomous Region […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsApr 26th, 2018

Gov’t budget utilization rises to 98% in 1st quarter

NATIONAL GOVERNMENT agencies used 98% of their budget allocations in the first quarter, the Department of Budget and Management (DBM) said. The utilization rate tops the year-earlier rate of 93%. Utilization rates are based on the Notice of Cash Allocation (NCA) — a quarterly disbursement authority issued by the DBM to government agencies, allowing them […] The post Gov’t budget utilization rises to 98% in 1st quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 2018

Philippine inflation rate averages 3.8% for Q1 2018

MANILA, Philippines – Inflation, or the movement of prices of basic goods and services, hit its highest quarterly average since 2014 as the tax reform law, higher oil prices, a weaker peso, and the tightening of United States monetary policy took their toll. In a briefing on Friday, April 20, ........»»

Category: newsSource:  rapplerRelated NewsApr 20th, 2018

BSP defends move to keep rates steady

The Bangko Sentral ng Pilipinas is trying to strike a delicate balance between keeping prices of basic goods and services in check while maintaining an environment that will promote economic growth, according to a ranking official who defended the monetary authority's decision to keep key interest rates unchanged last month. In a statement e-mailed to reporters, BSP Deputy Governor Diwa Guinigundo stressed that the central bank remained "firmly committed" to its primary mandate of fighting inflation, amid questions among bankers and economists as to whether regulators should have acted sooner to cap the acceleration in price increases. The domestic inflation rate hit a three-year h...Keep on reading: BSP defends move to keep rates steady.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

Ayala Land’s P10-billion fixed-rate bond offer secures top credit rating

By Arra B. Francia, Reporter AYALA LAND, Inc. (ALI) secured the highest credit rating for its proposed P10-billion fixed-rate bond issuance, according to a local debt watcher. In a statement issued Tuesday, the Philippine Rating Services Corp. (PhilRatings) said it assigned a PRS Aaa rating to ALI’s bond issuance, given the company’s strong financial capacity, […] The post Ayala Land’s P10-billion fixed-rate bond offer secures top credit rating appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 3rd, 2018