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Philippines unemployment rate up to 3.9 pct in March
MANILA, May 8 (Xinhua) -- The unemployment rate in the Philippines increased to 3.9 percent in March from 3.5 percent in February, the Philippine Statistics Authority (PSA) said on Wednesday. PSA head Dennis Mapa said at a press conference that there were 2 million jobless Filipinos in March this year, higher than 1.8 million unemployed individuals in February. National Economic and Development Authority.....»»
PHIC-Davao boosts breast cancer benefits to P1.4M
PHILHEALTH-DAVAO has increased its Z Benefits package for breast cancer patients significantly, from P100,000 to P1.4 million......»»
SC: Case disposition rates in lower courts up in 2023
Citing data from the Office of the Court Administrator, the SC said that case disposition rate of lower courts have increased in 2023......»»
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)......»»
Metro Retail Breaks Ground on Four New Supermarket Stores in the Visayas
Metro Retail Stores Group, Inc. (MRSGI) recently made strides in its expansion efforts in the Visayas with the groundbreaking for four new supermarket stores in Cebu and Leyte, marking the beginning of increased accessibility and convenience for these communities. At each ceremony, Benedicto C.T. Miranda, Vice President of Store Network Development of MRSGI, highlighted the […].....»»
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......»»
Budget gap widens to P273 billion in 3 months
The country’s budget shortfall slightly increased in the first quarter as the government continued to spend more than what it generated from revenues......»»
Budget releases, utilization up in Q1
he government increased its releases of cash allocations with state agencies as of the first quarter following the record P5.768-trillion budget this year......»»
Government infrastructure spending scaled up to P121 billion
The government increased its infrastructure spending by nearly seven percent to P121 billion from January to February compared to last year’s level on the back of higher disbursements for road projects, the Department of Budget and Management said......»»
EDITORIAL - Easing food importation
With food-fueled inflation accelerating for the second straight month in March, and the latest surveys showing rising prices still the top concern of Filipinos, the government’s has once again opted for its go-to response: increased importation......»»
Mixed adjustments in oil prices today
Local oil firms made mixed adjustments in petroleum prices today, with the prices of diesel and kerosene rolled back while that of gasoline increased.?.....»»
Indigenous people criticize business as usual mining practices
BRASILIA, Brazil - Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the transition to a cleaner energy system.'We recognize and support the need to end fossil fuel reliance and shift to renewable en.....»»
GSIS raises RCR take to 8.18%
The Government Service Insurance System has increased its stake in the Gokongwei-owned RL Commercial REIT to 8.18% through the purchase of over 790 million shares of RCR over the past 60 days......»»
Phivolcs reports five phreatic eruptions at Taal Volcano
Taal Volcano in Batangas exhibited increased volcanic activity with five phreatic eruptions occurring within a 24-hour period, according to the Philippine Institute of Volcanology and Seismology......»»
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,.....»»
Philippines manufacturing output sustains growth in February
MANILA, April 12 (Xinhua) -- The performance of manufacturing production in the Philippines sustained its growth in February, the Philippine Statistics Authority (PSA) said Friday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased 7.5 percent and 8.9 percent in February, respectively. The.....»»
BFP-Davao notes around 55% hike in fire incidents from Jan-Apr 8
AN OFFICIAL from the Bureau of Fire Protection-Davao Region (BFP-Davao) said that the fire incident percentage in Davao City had increased by about 55 percent from January up to April 8, 2024......»»
BSP keeps rates unchanged; inflation still global problem
The Bangko Sentral ng Pilipinas elected to keep interest rates steady after the PSA inflation data for March showed that inflation quickened here to 3.7% (increased for the third straight month)......»»
Lawmaker calls for speedy passage of cyber attack bills
In light of increased cyber attacks, a lawmaker called on his colleagues in the House of Representatives to hasten the approval of measures that will protect the country’s digital infrastructure and penalize hackers......»»
PFDA commits to increased dividend payments to Treasury
Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»