Personal remittances from Overseas Filipinos (OFs) grew by 3.3% in August 2024, reaching US$3.20 billion compared to US$3.10 billion in August 2023. This increase was driven...
The Philippine Statistics Authority reported a 96.0% employment rate for August 2024, a notable improvement from 95.6% in August 2023 and 95.3% in July 2024. This...
The Producer Price Index (PPI) for manufactured goods in the country fell by 1.0 percent in August 2024, marking a faster decline compared to a 0.4...
Inflation in the country is expected to continue its downward trend, according to Finance Secretary Ralph G. Recto. In a press briefing at Malacañan Palace on...
Overseas Filipino Workers (OFWs) continue to boost the Philippine economy as personal remittances rose by 3.2% in July 2024 compared to the same period last year....
In July 2024, the country’s external trade in goods increased by 4.5%, reaching USD 17.37 billion, up from USD 16.62 billion in July 2023. This growth...
The Bangko Sentral ng Pilipinas (BSP) forecasts a slowdown in inflation for August, expecting it to fall between 3.2% and 4%, compared to July’s prediction with...
The country has maintained its investment-grade credit rating of “BAA2” with a stable outlook, according to a press release by Bangko Sentral ng Pilipinas (BSP). The...
The Philippines recorded a balance of payments (BOP) surplus of US$62 million in July 2024, turning around from a deficit of US$53 million in the same...
Net inflows of foreign direct investments (FDI) reached $499 million in May 2024, according to the Bangko Sentral ng Pilipinas (BSP). This marked a slight decline...
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