Economy

NTF: GDP growth, positivity rate show COVID response ‘effective’

The Philippine economy's third-quarter performance and the below 5% positivity rate in COVID-19 cases show that the government's pandemic response is effective, a ranking government official said Wednesday (Nov. 10).

Joint Statement by Duterte Administration’s Economic Managers on PH economic performance for Q3 2021

In the third quarter of 2021, we contained the Delta variant and sustained our economic expansion even as stringent quarantines were in place. Our strategy was correct. The results are clear.

Pag-IBIG Fund releases record-high home loans from Jan-Sept 2021; up 80%

Pag-IBIG Fund again surpassed its own record amid the ongoing pandemic by releasing more than P65 billion in home loans in the last nine months, agency officials announced on Friday (Nov....

Philippine financial system sustains resilience amid COVID-19 challenges in first half of 2021

The Bangko Sentral ng Pilipinas (BSP) released the Report on the Philippine Financial System for the First Semester of 2021. The Report underscored the sustained resilience of the Philippine financial system...

Peso seen to stay firm as Christmas season nears

MANILA – The Philippine peso is expected to remain generally firm against the U.S. dollar as the Christmas holiday nears, a season for increased inflows from overseas Filipino workers (OFWs).

Underemployment improves in Aug 2021 to 14.7%

More quality jobs have been available to the working public as the country records a lower underemployment rate for the month of August.  Based on Philippine Statistics Authority (PSA) data, the country’s...

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