An economist has painted a rosy picture of the Philippine economic growth as the year draws to a close, fueled by the expected increase in consumer and government spending that will boost growth.
The country's unemployment rate dropped to 4.5% in September this year from 5% in the same month last year, the Philippine Statistics Authority (PSA) reported on Wednesday.
The administration of President Ferdinand R. Marcos Jr. is on the right track in providing affordable rice in the market, according to National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon.
Headline inflation eased to 4.9% in October this year from 6.1% in September, the Philippine Statistics Authority reported Tuesday. Last month's headline inflation rate was also lower than the 7.7% recorded in October last year.
A work and travel platform ranked the Philippines as one of the top global remote work hubs along with other ideal destinations in Asia, South America, and Europe.
The Philippine business delegation signed an investment agreement worth more than $4.26 billion with Saudi business leaders on Thursday at the sidelines of President Ferdinand R. Marcos Jr.’s attendance at the Association of Southeast Asian Nations-Gulf Cooperation Council (ASEAN-GCC) Summit in Saudi Arabia.
