Economy

NG records P149.9 billion budget deficit in June 2021

The national government’s (NG) fiscal balance swung back to a P149.9 billion budget deficit for June 2021 compared to last year, due to the 30.03% decline in revenue collection as the...

SSS self-employed, voluntary membership up by 20.2%

The number of self-employed and voluntary members (SEVMs) of the Social Security System (SSS) has increased by 20.2% to 8.43 million as of May 2021.   SSS President and Chief Executive Officer Aurora...

PH exports continue recovery with robust 29.8% growth in May 2021

Philippine exports led the way to the continued expansion of global trade, spurred on by the gradual opening of major economies abroad as it contributed $5.89 billion to total trade, or...

Inflation decelerates in June as gov’t policy interventions take effect

Policy interventions to stabilize commodity prices have begun to take effect as headline inflation decelerated in June 2021, the National Economic and Development Authority (NEDA) said.  The Philippine Statistics Authority (PSA) reported...

Palace downplays low PH ranking in COVID-19 resilience study

MANILA – Malacañang on Wednesday stressed anew the importance of considering the “total health” of the nation, admitting that the COVID-19 pandemic is taking a heavy economic toll on the country.

Pork tariff reduction key to PH inflation deceleration: BSP

MANILA – The deceleration of the domestic inflation rate, which is steady at 4.5 percent last May, depends on the normalization of pork supply with the help of the temporary tariff cut on imported pork.

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