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Angat Dam water level dips to 204 meters
The water level in Angat Dam has dropped by .33 meters, the lowest so far this year, due to El Niño......»»
NCR retail prices rise at slowest pace in nearly 2 years
Retail prices of goods in Metro Manila in January posted its lowest growth rate in nearly two years due mainly to slower food price hikes, according to the Philippine Statistics Authority......»»
No-surrender Magnolia ties up PBA finals with another defensive gem
Tyler Bey shows the way as Magnolia limits San Miguel to under 90 points for the second straight game and contains Bennie Boatwright to his lowest scoring output of the PBA Commissioner's Cup.....»»
Jobless rate declines to 3.1 percent in December
The country recorded its lowest unemployment rate in nearly two decades as more jobs were made available during the holiday season......»»
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.....»»
PH Inflation Sees Huge Dip in January 2024 Now at 2.8%
The country’s headline inflation has taken a significant dip, currently standing at 2.8%, according to the latest report from the Philippines Statistics Authority (PSA) released on February 6, 2024. According to PSA, this marks the lowest rate recorded since October 2020, showing a considerable drop from December 2023’s 3.9 percent and a noteworthy decrease from […].....»»
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.....»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
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......»»
Cerberus, HD Hyundai to kickstart Subic operations in 12-18 months
South Korean shipbuilder HD Hyundai is expected to start manufacturing operations in Subic Bay within the next 12 to 18 months, with an initial focus on offshore wind platforms......»»
Remittances grow at slowest pace in eight months
Dollars sent home by overseas Filipino workers climbed by 2.6 percent to a two-month high in March, although it was the slowest growth pace in eight months, according to the Bangko Sentral ng Pilipinas......»»
First person to receive a genetically modified pig kidney transplant dies nearly 2 months later
BOSTON (AP) — The first recipient of a genetically modified pig kidney transplant has died nearly two months after he underwent the procedure, his family and the hospital that performed the surgery said Saturday. Richard “Rick” Slayman had the transplant at Massachusetts General Hospital in March at the age of 62. Surgeons said they believed.....»»
Raymond Garcia is acting Cebu City mayor for 6 months
CEBU CITY, Philippines – Vice Mayor Raymond Alvin Garcia is now the acting mayor of Cebu City. His assumption to office that took effect on Saturday, May 11, was based on a memorandum from the Department of Interior and Local Government in Central Visayas (DILG-7) designating him as acting mayor for six months. On the.....»»
Cebu City Mayor Mike Rama suspended for 6 months
CEBU CITY, Philippines — Cebu City Mayor Michael Rama has been placed under suspension by the Office of the Ombudsman. The state’s anti-graft investigating body on Wednesday, May 8 announced that they ordered to put Rama under preventive suspension for six months. READ MORE: 4 ex-tax mappers pay of Cebu City ‘signed’ but… 4 Cebu.....»»
Ombudsman suspends Rama, 7 others for 6 months
Ombudsman suspends Rama, 7 others for 6 months.....»»
Larumbe hit-and-run: Why it took months for cops to nab suspect
CEBU CITY, Philippine – The police have arrested on Monday the prime suspect in the fatal hit-and-run of 23-year-old Jeslar Uriel Larumbe, more than 3 months since the incident happened near a church in Cebu City. The suspect, Aaron Karl Tan, was arrested at his home in Brgy, Guadalupe in Cebu City at around 2:15.....»»
Factory activity expands at fastest pace in 5 months
The country’s manufacturing sector in April expanded at the fastest pace in five months, supported by strong demand......»»
Robinsons Bank systems convert into BPI in 18 months
Bank of the Philippine Islands is looking to convert all branches and systems of Robinsons Bank Corp. in 12 to 18 months, following the merger of the two banks earlier this year......»»
DepEd eyes aggressive return to June-March calendar to escape heat
The Department of Education is eyeing to shorten next year's school calendar by two months as part of its most aggressive proposal yet to return to a schedule that ends classes before the hot months of April and May......»»
Ecozone investments slip by 9% in 4 months
Total investments approved by the Philippine Economic Zone Authority reached nearly P30 billion in the first four months of 2024, a nine percent decline from P33.094 billion worth of projects cleared in the same period last year......»»