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Trade deficit narrows to $4 billion in December
The country’s trade deficit narrowed in December as both exports and imports declined, bringing the full-year 2023 trade gap to $52.42 billion, down from the previous year’s shortfall of $57.65 billion, the Philippine Statistics Authority said......»»
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. .....»»
US CPI for December slightly hotter than expected
The data for the US Consumer Price Index in December showed that prices increased 3.4% y/y, which was higher than the November CPI result (3.1% y/y) and (more importantly) higher than the consensus expectations in the market of a 3.2% y/y increase......»»
Pimentel: Jackpot in 5 lotto games bagged since December 2023 unbelievable
Pimentel: Jackpot in 5 lotto games bagged since December 2023 unbelievable.....»»
NCR retail price growth steady in December – PSA
Retail prices of goods in Metro Ma- nila snapped a three-month downtrend as it maintained its pace of growth in December from the previous month, according to the Philippine Statistics Authority......»»
Rice stocks down 25 percent in December – PSA
The country’s rice inventory posted a 25.2 percent decline in December, according to data from the Philippine Statistics Authority......»»
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.....»»
From the Newsrooms, December 4 to 9
From the Newsrooms, December 4 to 9.....»»
DSWD allots Php537M emergency cash aid to shear line, quake-hit families in Samar, Mindanao
Three Field Offices of the Department of Social Welfare and Development (DSWD) started on January 18 the simultaneous payout of cash assistance, through the Emergency Cash Transfer (ECT) program, for the families affected by a triad of disasters that occurred in the last quarter of 2023 to help them recover and resume their normal lives. […].....»»
Jobless Filipinos balloon to 2.15 million in January 2024
The Philippine Statistics Authority reported that the number of unemployed persons ages 15 and above climbed to 2.15 million in January 2024, down from 1.6 million in December 2023. .....»»
Food prices pull down January 2024 inflation to 2.8%
During a press briefing on Tuesday, National Statistician and Philippine Statistics Authority chief Claire Dennis Mapa said that inflation dropped to 2.8% in January 2024, down from 3.9% in December of last year......»»
BSP: Inflation likely eased further in January
Headline inflation likely slowed further for the fourth straight month in January, ranging between 2.8 and 3.6 percent, after easing to a 22-month low of 3.9 percent in December, according to the Bangko Sentral ng Pilipinas......»»
20% decrease in road accidents noted in January
THE Davao City Police Office-Traffic Enforcement Unit (DCPO-TEU) reported a 20 percent decrease in road accidents in January 2024 alone, compared to December 2023......»»
Amid crackdown, 272,233 motor vehicles register at LTO
Last January, a total of 272,233 delinquent motor vehicles underwent registration renewal at Land Transportation Office offices nationwide, amid a crackdown due to the agency’s intensified “no registration, no travel” policy......»»
Philippines, US stress need to sustain, elevate alliance
“We’ve been on hyperdrive over the past years. Engagements across issues and areas and between and among government branches,” Department of Foreign Affairs (DFA) Secretary Enrique Manalo said......»»
Philippines, China agree on improved maritime communications, ‘calm’ approach
The DFA said that Filipino and Chinese diplomats had “frank and productive discussions” to de-escalate the situation in the strategically and economically important waterway during a bilateral consultation on the South China Sea. .....»»
Consider alliances with Netherlands, Norway, DFA urged
The Department of Foreign Affairs should consider alliances with non-defense allies like Norway, the Netherlands and other countries for maritime exploration, research and development amid conflict with China over the West Philippines Sea (WPS), Sen. Francis Tolentino said yesterday......»»
DFA backs Magna Carta for Seafarers
The Department of Foreign Affairs has expressed support for the enactment of the proposed Magna Carta of Filipino Seafarers, as the maritime industry grapples with security risks sparked by missile attacks by Yemen-based Houthi rebels on shipping in the Gulf of Aden and the Red Sea......»»
Many Chinese maritime proposals against national interests — DFA
“While a few proposals were deemed somewhat workable, many of the remaining Chinese proposals were determined, after a careful study, scrutiny and deliberation within the Philippine government, to be contrary to our national interests,” the department said in a statement. .....»»