Economy

Calabarzon, C. Visayas boards OK minimum wage hike

By Ferdinand Patinio | Philippine News Agency The Regional Tripartite Wages and Productivity Boards (RTWPBs) of Region 4-A (Calabarzon) and Region 7 (Central Visayas) have issued wage orders granting increases in the...

Oil price rollback as much as P2/liter set May 14

By Kris Crismundo | Philippine News Agency  Oil companies will slash petroleum prices as much as P2 per liter on May 14. In separate advisories, Caltex, Cleanfuel, Jetti, Seaoil, and Shell said they...

Unemployment rate drops to lowest level since 2005 – NEDA

The unemployment rate in the country dropped to 3.6% in November 2023, the lowest recorded unemployment rate since the Philippine Statistics Authority introduced a new methodology for measuring the Labor Force Survey in 2005.

PH one of top performing Asian countries in 2023

Anna Leah Gonzales | Philippine News Agency The Philippine economy grew by 5.9% in the third quarter of the year, bringing the year-to-date economic growth to 5.5%. National Economic and Development Authority (NEDA)...

Philippines’ poverty rate drops to 22.4 percent in first half of 2023

The country's poverty rate declined to 22.4% in the first six months of the year from 23.7% in the same period in 2021. Philippine Statistics Authority (PSA) Undersecretary and National Statistician Claire...

Slower inflation testament to PBBM’s commitment in stabilizing economy

By Jose Cielito Reganit | Philippine News Agency The notable easing in inflation, from 4.9 percent in October to 4.1 percent in November, is a testament to President Ferdinand R. Marcos Jr.’s...

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