Economy

BSP: Passage of FCPA, PDIC amendments to reinforce trust in financial system

The Bangko Sentral ng Pilipinas (BSP) commended the Philippine Congress for the passage of the Financial Consumer Protection Act (FCPA) and the amendments to the Philippine Deposit Insurance Corporation (PDIC) charter. “The...

Employment creation remains strong as economy further reopens — NEDA

The country’s net employment creation in December 2021 signals that the economy is on the right track to recovery, said the National Economic and Development Authority (NEDA).

BSP issues statement on the medium-term inflation path

The January 2022 inflation of 3.0% is consistent with BSP expectations that inflation will decelerate further in coming months, reverting back to the target range over the policy horizon.

PH gov’t pursues holistic livestock industry development to help keep prices stable – NEDA

The Philippine government continues to strengthen its policies to support the livestock industry and reduce food prices, the National Economic and Development Authority (NEDA) said. As reported by the Philippine Statistics Authority...

January 2022 inflations slows down to 3%

Headline inflation slowed down to 3.0%  in January 2022 from 3.2% in December 2021 using the 2018-based Consumer Price Index (CPI) series. The January 2022 inflation settled at the midpoint of the...

US private sector cuts 301,000 jobs in January amid Omicron surge

Private companies in the United States slashed 301,000 jobs in January, indicating a disrupted recovery in the labor market amid Omicron surge, payroll data company Automatic Data Processing (ADP) reported Wednesday (Feb. 2).

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