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2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Water bill to rise but no rate hike
Water bill to rise but no rate hike.....»»
Bank of Japan ends negative interest rate policy
Bank of Japan ends negative interest rate policy.....»»
Philippines inflation rate slows to 2.8 pct in January
MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»
Bill pushing P100 daily wage hike gets Senate nod on 2nd reading
MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers. Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»
Romualdez: Trilateral summit pagkilala sa foreign policy ni Marcos
Nanindigan si Speaker Ferdinand Martin Romualdez na ang trilateral summit ng Estados Unidos, Japan at Pilipinas ay isang pagkilala sa pamumuno at foreign policy ni Pangulong Bongbong Marcos. The post Romualdez: Trilateral summit pagkilala sa foreign policy ni Marcos first appeared on Abante......»»
Unilab Center for Health Policy launched to help bridge healthcare system gaps in Philippines
Unilab Foundation (ULF) launched the Unilab Center for Health Policy (UCHP), a venue for stakeholders to examine health policy issues......»»
Unilab launches hub for health policy issues
Unilab Foundation recently launched the Unilab Center for Health Policy to serve as a venue for stakeholders to examine health policy issues.....»»
Pasil fish traders upset over Gwen’s wet goods transport policy
CEBU CITY, Philippines- Several fish traders at the Pasil Fish Port are complaining regarding a new policy of the Cebu Provincial Government which prohibits the entry of vehicles transporting wet goods from unsanitary conditions within the territorial jurisdiction of the province of Cebu. The policy, outlined in Executive Order (EO) No. 2 issued by Governor.....»»
EDITORIAL - Slap on the wrist
On Aug. 2 last year, 17-year-old Jerhode “Jemboy” Baltazar was chased by a police team in Navotas and then shot dead......»»
‘All-out war’
EJ Obiena is faced with the greatest challenge of his life at the Paris Olympic pole vault event on Aug. 3 and 5. Since finishing below expectations in Tokyo, he has been relentlessly pursuing improvement, participating in two competitions in Croatia and Germany just this week, and the World Indoor Athletics Championshop second week of March. He is very clear about his motivation......»»
Gawilan, Otom earn tickets to Paris
Tankers Ernie Gawilan and Angel Otom became the first two Filipinos to qualify to the Paris Paralympics slated Aug. 28 to Sept. 8......»»
Residential electricity rate up by P0.13 for March – April billing
Visayan Electric residential consumers will experience an increase of P0.13 per kWh in their March – April billing. The hike, which is caused by an increase in the transmission charges imposed by the National Grid Corporation of the Philippines (NGCP), brings the total electricity rate from P11.25 per kWh of the previous month to P11.38.....»»
BSP to review 3 percent rate cap on credit card transactions
The Bangko Sentral ng Pilipinas will review this month whether to keep or hike the three percent interest rate cap on credit card transactions......»»
BSP sees room for further rate hike
After discounting the possibility of a rate cut in the first half of the year, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to raise interest rates amid the country’s robust economic growth......»»
Faster inflation could delay interest rate cuts – BDO
Faster inflation could delay monetary policy rate cuts from the Bangko Sentral ng Pilipinas , according to an official from BDO Trusts and Investments, the investment arm of BDO Unibank Inc......»»
Cebu’s inflation rate rose in Feb compared to January
CEBU CITY, PHILIPPINES – Cebu’s inflation rate rose slightly in February compared to lJanuary as prices have gone up in most parts of the province including the tri-cities of Cebu, Lapu-Lapu, and Mandaue. This was after the Philippine Statistics Authority (PSA) Cebu Province announced the current inflation rate of Cebu including the Highly Urbanized Cities.....»»
Philippines jobless rate drops to decades-low in December 2023
MANILA, Feb. 7 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.1 percent in December 2023, the lowest since 2005, the Philippine Statistics Authority (PSA) said on Wednesday. "The full-year unemployment rate for 2023 was 4.3 percent compared to 5.4 percent in 2022," PSA head Dennis Mapa said at a press conference. Mapa said about 1.60 million were jobless in December last year. "This w.....»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
P15 daily minimum wage hike in Caraga to effect on May 1
P15 daily minimum wage hike in Caraga to effect on May 1.....»»