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Unemployed Filipinos down to 1.6 million in December 2023 — PSA
National Statistician and PSA chief Claire Dennis Mapa reported that the number of unemployed persons ages 15 and above declined to 1.6 million in December 2023, down from 1.83 million in November 2023......»»
Pimentel: Jackpot in 5 lotto games bagged since December 2023 unbelievable
Pimentel: Jackpot in 5 lotto games bagged since December 2023 unbelievable.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Russia boosting trade with fellow BRICS nation
Turnover with Brazil nearly doubled in December as the South American country ramps up imports of commodities from Moscow Trade between Russia and Brazil surged to record volumes in December despite Western sanctions as fellow BRICS countries continue expanding economic ties, RIA Novosti reported this week. .....»»
From the Newsrooms, December 4 to 9
From the Newsrooms, December 4 to 9.....»»
Low copper prices bring down Atlas Mining income by 65%
Earnings of Atlas Consolidated Mining and Development Corp. plunged by 65 percent to P1.12 billion in 2023 from P3.22 billion in 2022 due to lower global copper prices and payment of loans......»»
Pinoy farmers’ income up by 20 percent – World Bank
Filipino farmers’ income has increased by 20 percent as a result of World Bank-funded projects under the Philippine Rural Development Project (PRDP), with the country receiving a satisfactory rating on the implementation of the $600 million loan project......»»
Non-banks’ domestic claims up by 15 percent in Q4
The domestic claims of non-bank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral ng Pilipinas (BSP)......»»
GOCCs’ dividend remittance bumped up to 75 percent of earnings
The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»
Philippines total external trade up 9.7 pct in February
MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday. Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said. The PSA said the deficit of trade in goods amounted to 3.65 billion dollars,.....»»
Fishers lose Laguna lake share to private developers
The share of small fisherfolk in the 9,200-hectare Laguna de Bay has been lowered to 53 percent after the Laguna Lake Development Authority increased private operators’ allocation to 47 percent......»»
Galunggong retail price up 20 percent
The retail price of galunggong or round scad has increased by 20 percent as fish demand rises during the Holy Week......»»
EDITORIAL — Higher fees, higher expectations
With no order from President Marcos stopping the move, the Philippine Health Insurance Corp. increased starting this month its members’ premium contributions, from four percent to five percent......»»
Increased degassing logged at Taal
State volcanologists have monitored an increased sulfur dioxide degassing from Taal Volcano after recording at least 14,211 tons per day of volcanic sulfur dioxide gas emission, the second highest flux recorded so far this year......»»
Petron reports 51 percent jump in 2023 earnings
The earnings of Petron Corp. jumped by 51 percent to P10.1 billion in 2023 from P6.7 billion in 2022, fueled by its wide presence and effective volume-generations strategies in the Philippines and Malaysia......»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned her confidential fund to government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for an […].....»»
From the Newsrooms: December 11 to 16, 2023
BEIJING'S RISING belligerence in the West Philippine Sea (WPS) has dampened the mood of seasonal merry-making, especially for the Filipino troops stationed in the area and the fisherfolk who have borne the brunt of China's aggression. Media reports have quoted a security expert describing the shadowing of the country's re-supply missions along with the swarming of Chinese militia boats in Philippine waters as a "calcul.....»»
From the Newsrooms: December 11 to 16, 2023
BEIJING'S RISING belligerence in the West Philippine Sea (WPS) has dampened the mood of seasonal merry-making, especially for the Filipino troops stationed in the area and the fisherfolk who have borne the brunt of China's aggression. Media reports have quoted a security expert describing the shadowing of the country's re-supply missions along with the swarming of Chinese militia boats in Philippine waters as a "calcul.....»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned any confidential funds to the government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for […].....»»