Economy

PH GDP down to 7.4% in Q2 of 2022

The country’s Gross Domestic Product (GDP) went down to 7.4% in the second quarter of 2022, according to the Philippine Statistics Authority (PSA).

Huge oil price rollback expected Tuesday

Good news to all consumers and motorists as oil companies announced on Monday, July 11, they will give a big-time oil price rollback starting on July 12.

Meralco to refund P21.7-B to consumers

Residential consumers of Meralco are entitled for a refund in their electric bills after the Energy Regulatory Commission (ERC) ordered the company to refund a total of P21.77 billion over the  next months to its consumers. 

PSA: Unemployment rate up  6% in May 

The Philippine unemployment rate for May 2022 has increased to 6% from the 5.7% in April, translating to around 2.93 million jobless Filipinos from April’s 2.76 million.

Marcos admin targets $4,046 income for Filipinos by 2028

The Marcos administration is aiming to reach an upper-middle income status with a $4,046 income per capita for the country by 2028, according to Department of Finance (DOF) chief Benjamin Diokno.

DOF chief: PBBM’s remark over 6.1% June inflation ‘misunderstood’

Department of Finance (DOF) Secretary Benjamin Diokno said President Ferdinand Marcos Jr.’s disbelief remarks over the high 6.1% inflation rate for the month of June was “misunderstood.”

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