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Government

Q3 PALAY PRODUCTION TO MARK 16% HIKE – DAR

The Philippine Statistics Authority (PSA) forecasts that production of palay (paddy rice) for the third quarter (Q3) of the year, based on standing crop as of September 1, 2020, would reach 3.542 million metric tons (MMT), 16.1 percent more than last year’s harvest of 3.051 MMT for the same three-month period. “The 16.1% increase in […]

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Politics

INFLATION DECELERATION GIVES BSP FLEXIBILITY TO ADJUST POLICY RATES – GATCHALIAN

Senator Win Gatchalian said the deceleration of the country’s headline inflation to 2.7 percent in June would give the Bangko Sentral ng Pilipinas (BSP) more elbow room to adjust policy rates. Gatchalian, chair of the Senate committee on economic affairs, said the BSP could start easing its policy stance to help the country’s growth trajectory […]

Categories
Politics

DECLINE OF UNEMPLOYMENT, UNDEREMPLOYMENT RATES A GOOD SIGN – VILLANUEVA

Senator Joel Villanueva has welcomed the latest government data on the continued decline of unemployment and underemployment rates as a “positive sign” that efforts to generate jobs for Filipinos continue to matter. The April 2019 Labor Force Survey by the Philippine Statistics Authority showed that unemployment dropped to 5.1 percent from 5.5 percent while underemployment […]