Economy

Inflation accelerates to 4.9% in August

The Philippine Statistics Authority (PSA) on Tuesday (Sept. 7) revealed that inflation accelerated at 4.9% last month.

Unemployment rate drops in July, lowest since April 2020

For the first time since the pandemic in April last year, the unemployment rate here has dropped to 6.9% in July, according to the Philippine Statistics Authority (PSA) July 2021 Labor Force Survey (LFS).

Rise in PH debt still fiscally viable, sustainable: DOF chief

Department of Finance (DOF) Secretary Carlos Dominguez III said Monday government debt and its share of domestic economic output rose last year due to pandemic-related spending but this remained fiscally viable and sustainable.

BSP remains vigilant of evolving global price conditions

The Bangko Sentral ng Pilipinas (BSP) remains vigilant of evolving global and domestic price conditions and stands ready to deploy appropriate monetary policy tools necessary to safeguard its price and financial...

Assets under management by trust entities hit P4.6 trillion, up by 41.3%, Y-O-Y

The assets under management (AUM) of trust entities in the Philippines posted a year-on-year growth of 41.3 percent in March 2021, bringing industry AUM to Php 4.6 trillion. The growth was...

DBP partners with DA to boost cash aid disbursement

The Development Bank of the Philippines (DBP) signed a memorandum of agreement (MOA) with the Department of Agriculture (DA) to facilitate the disbursement of financial assistance to the agriculture sector. DBP President...

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