Philippine Labor Force Situation (July 2021)

THE NUMBER of jobless Filipinos declined to 3.073 million in July, but job quality remains a concern as more employed Filipinos are still seeking additional work, the Philippine Statistics Authority (PSA) reported on Tuesday.

Headline inflation rates in the Philippines (August 2021)

THE OVERALL year-on-year increase in prices of widely used goods accelerated to its fastest pace in 32 months in August, driven by higher food and utility prices amid the stricter lockdown, the statistics agency said on Tuesday.

Analysts’ August 2021 inflation rate estimates

INFLATION likely quickened in August and settled above the central bank’s official target range anew, as a weaker peso pushed food prices up, according to analysts.

Manufacturing Purchasing Managers’ Index of select ASEAN economies (August 2021)

MANUFACTURING ACTIVITY sharply declined to a 15-month low in August as a fresh surge in coronavirus disease 2019 (COVID-19) infections led to another strict lockdown in the Philippine capital.

Big banks post slowest asset growth in 15 years

THE IMPACT of the ongoing coronavirus pandemic continued to weigh on banks in the second quarter as assets grew at a slower pace and bad loans piled up.    

Philippines lags behind regional neighbors in public spending on health, social protection in 2020

The coronavirus pandemic has led governments to increase spending to support economic growth, as well as vulnerable groups through fiscal stimulus packages and the easing of monetary policy to buoy domestic demand.

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