Economy

Philippines’ poverty rate drops to 22.4 percent in first half of 2023

The country's poverty rate declined to 22.4% in the first six months of the year from 23.7% in the same period in 2021. Philippine Statistics Authority (PSA) Undersecretary and National Statistician Claire...

Slower inflation testament to PBBM’s commitment in stabilizing economy

By Jose Cielito Reganit | Philippine News Agency The notable easing in inflation, from 4.9 percent in October to 4.1 percent in November, is a testament to President Ferdinand R. Marcos Jr.’s...

PBBM: About 80 infra projects can be funded through ‘Maharlika’

A few days after coming up with the final implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF), President Ferdinand R. Marcos Jr. disclosed on Wednesday (in San Francisco, US) that there are about 80 potential infrastructure projects financeable through the investment fund.

PBBM appoints Rafael D. Consing Jr. as President and CEO of Maharlika Investment Corp.

President Ferdinand R. Marcos Jr. has appointed Rafael D. Consing Jr. as President and Chief Executive Officer (CEO) of the Maharlika Investment Corporation (MIC).

PH’s sustained economic growth expected in Q4 as gov’t, consumers ramp up spending, says economist

An economist has painted a rosy picture of the Philippine economic growth as the year draws to a close, fueled by the expected increase in consumer and government spending that will boost growth.

Unemployment rate declines in September

The country's unemployment rate dropped to 4.5% in September this year from 5% in the same month last year, the Philippine Statistics Authority (PSA) reported on Wednesday.

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