Economy

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...

PH among ‘catching up’ nations in Global Innovation Index report

The Philippines’ ranking in the 2021 Global Innovation Index (GII) report has slipped to 51st, but is considered as among “catching up” nations. The GII report published by the World Intellectual Property...

Tugade: PNR Malolos to Clark segment to generate 7,000 direct jobs

Department of Transportation (DOTr) Secretary Art Tugade reiterated that job opportunities are available for Filipinos as the construction of various infrastructure projects are underway, such as the massive North-South Commuter Railway’s (NSCR) Malolos-Clark segment, which opened a total of 7,000 direct jobs.

BSP sustains digitalization push for post-COVID-19 economy

The Bangko Sentral ng Pilipinas (BSP) will continue promoting the digitalization of financial products and services in the Philippines as part of its broader efforts to foster a resilient “post-COVID-19 economy.” "This...

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