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.
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.
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.”
The country’s inflation accelerated to 6.1% in June, up from the previous 5.4% in May, the Philippine Statistics Authority (PSA) reported Tuesday, July 5.
The Bureau of Customs (BOC) reported that its June 2022 collections reached P76.29 billion, “its highest monthly collection in history,” surpassing its P56.287 billion target by P20 billion and beating its previous highest of P70.78 billion in March.
Department of Agriculture Secretary William Dar denied on Wednesday, June 29, his involvement in the smuggling of agricultural products in the country.
