THE COUNTRY’S exports and imports of goods continued to post double-digit growth in August amid a recovery in global markets, the Philippine Statistics Authority (PSA) reported on Tuesday.
FOREIGN DIRECT investments (FDIs) jumped to its highest level in 19 months in July when investors turned optimistic as the domestic and global economy appeared to have shown signs of recovery.
INDUSTRIAL PRODUCTION rose for a fifth straight month in August, as many firms that produce essential goods continued to operate despite the two-week strict lockdown, the Philippine Statistics Authority (PSA) said on Thursday.
PHILIPPINE INFLATION eased in September from a near three-year high in the month prior, as the rise in the prices of food and transport slowed, the statistics agency said on Tuesday.
INFLATION likely quickened beyond the central bank’s target in September, as prices of food and utilities continued to surge, according to analysts.
MORE FILIPINOS went jobless in August even as people forced to work in low-paying or low-skill jobs declined, according to the local statistics agency.
THE PHILIPPINES slipped one spot to 58th in a global digital competitiveness index as a result of declines in future readiness, technology and knowledge.