NEARLY all 10-year-old Filipinos cannot read and understand age-appropriate reading materials, according to the World Bank.
The post 91% Learning poverty thrice govt estimates first appeared on BusinessMirror.

THE country continued to post a Balance of Payments (BOP) deficit for the fifth consecutive month in August 2023, according to the Bangko Sentral ng Pilipinas (BSP).
The post August BOP widens to $57M on debt payments first appeared on BusinessMirror.

THE recent spike in inflation prompted the Asian Development Bank (ADB) to revise its growth forecast for the Philippines this year.
The post ADB lowers growth forecast on inflation hike first appeared on BusinessMirror.

The Philippines’s external debt declined by nearly a billion dollars as of end-June after the United States Federal Reserve tightened monetary policy in the second quarter, according to the Bangko Sentral ng Pilipinas (BSP).

Low-paid workers in the Philippines, including those in agriculture and fishery sectors, face economic challenges as their average daily basic pay remains below the poverty threshold. According to the Philippine Statistics Authority, skilled agricultur...

OVER a million Filipinos looked for additional sources of income while nearly two million dropped out of the labor force to focus on family duties in July 2023, according to the Philippine Statistics Authority (PSA).

ANNUAL preparations for the holidays allowed the country’s manufacturing output to increase in July 2023, according to the latest Monthly Integrated Survey of Selected Industries (Missi) results released by the Philippine Statistics Authority (PSA).

PAYMENTS made by the national government on its foreign currency debts and lower gold prices pushed the country’s gross international reserves (GIR) to below $100 billion in August 2023, according to the Bangko Sentral ng Pilipinas (BSP).

SHIFTING to a variable-rate Reverse Repurchase (RRP) facility auction format will allow the Bangko Sentral to better mop up excess liquidity in the market, according to central bank officials on Wednesday.

THE Bangko Sentral ng Pilipinas (BSP) is making headway in its efforts to promote initiatives to develop Islamic banking and finance in the Philippines.

THE Australian government was advised to invest and trade more with Southeast Asia, including the Philippines, as the region is set to become the world’s 4th largest economy by 2040 thanks to an expanding middle class and higher consumer demand.

SUCCESSIVE typhoons have caused commodity prices to surge in August with vegetables like tomatoes and the country’s staple, rice, leading the charge to increase inflation to 5.3 percent, according to the Philippine Statistics Authority (PSA).

THE full impact of the increase in market rates “may not have yet run its full course” and efforts must be exerted to strengthen the financial system to absorb risks that come with it, according to the Bangko Sentral ng Pilipinas (BSP).

THE government may implement a calibrated reduction in rice tariffs to reduce the price of imported rice, according to the National Economic and Development Authority (Neda).

Expensive vegetable, rice, and transport costs pushed up the country’s headline inflation rate to 5.3 percent in August 2023, according to the Philippine Statistics Authority (PSA).

THE Bangko Sentral ng Pilipinas (BSP) will shift to a variable-rate format with a predetermined offer volume in the auction for the overnight reverse repurchase (RRP) facility this week.

MOODY’S Analytics expects the country’s inflation rate to average 4.8 percent in August, faster than the actual rate of increase in commodity prices in July.