In July, the Philippines witnessed a notable spike in unemployment, according to the Philippine Statistics Authority (PSA). The number of unemployed Filipinos aged 15 and above surged to 2.38 million, up from 1.62 million in June and 2.29 million in July 2023. Read more »
With a poverty incidence of 0.5 percent, Ilocos Norte continues to be the least impoverished province in the Ilocos Region, owing to initiatives implemented by the provincial administration to combat poverty. Read more »
July saw an increase in the country's inflation to 4.4%, over the government's goal range of 2% to 4%. According to the Philippine Statistics Authority (PSA), the most recent rate is lower than the 4.7% rate in July 2023 but higher than the 3.7% rate in June 2024. Read more »
In 2023, the Philippines has firmly established itself as a leading global destination, showcasing remarkable growth and resilience in the tourism sector. Read more »
The Philippine Statistics Authority (PSA) has reported a significant improvement in the country's employment rate, marking a positive trend in the labor market. Read more »
The Philippine Statistics Authority (PSA) has revealed a significant decline in foreign investment commitments during the first quarter of 2024. The data, released on Thursday, May 16, indicates a sharp decrease of 63.6% compared to the same period in 2023. Read more »
