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Philippines
Wednesday, May 8, 2024

Business

Philippine agriculture sector saw minimal growth in Q1

The Philippine agriculture and fisheries sector saw a minimal growth in the first quarter of 2024, according to data released Wednesday by the Philippine Statistics Authority (PSA). The PSA reported a year-on-year increase of just 0.05 percent in the value of production at constant 2018 prices, reaching P428.99 billion. Growth was noted in poultry production, the PSA said, but there were declines in crops, livestock and fisheries output. Crop production, which makes...

March jobless rate rose to 3.9%

Unemployment rate slightly rose to 3.9 percent in March 2024 from 3.5...

Gov’t returns to global bond market to fund budget deficit

The government is again tapping the global bond market, seeking at least...

NEDA expects faster rollout of major infrastructure projects

The National Economic and Development Authority (NEDA) said it expects faster rollout...

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PH economy grew 5.6% in 2021

The economy bucked the lingering impact of COVID-19 pandemic in 2021 as it grew 5.6 percent following a contraction of 9.6 percent in 2020,...

IMF upgrades 2021 PH growth forecast to 4.6%

The International Monetary Fund on Wednesday upgraded its 2021 growth projection for the Philippines to 4.6 percent from 3.2 percent, taking into account the...

NTC defends award of TV frequencies to Villar-led firm

The National Telecommunication Commission on Wednesday defended the award of TV frequencies previously held by ABS-CBN Corp. to a company controlled by the family...

BOP surplus fell 92% to settle at $1.35b last year

The country posted a balance of payments surplus of $1.35 billion in 2021, or 92 percent lower than the $16.02-billion surplus recorded in 2020,...

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