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THE country’s farm sector posted flat growth in the fourth quarter and full year of 2023 in terms of value, according to the latest data released by the Philippine Statistics Authority (PSA). Local economists said the latest farm growth data points to the need to immediately invest in technology and…
THERE can be no doubt about the capability of efficient tax collection in raising revenues, but in the Philippines, local economists said this could mean growth-hurting austerity measures and mounting debts while the government tries to make tax collection more efficient. Former National Economic and Development Authority (Neda) Secretary Dante…
IT must be mentioned that the Philippine Development Plan (PDP) 2023-2028 aims to promote an inclusive, innovative, and healthy financial sector. So, the following outcomes will be pursued by the government: 1) financial inclusion broadened and deepened; 2) financial innovation strengthened and accelerated; and 3) financial sector health ensured. In…
HIGH power and other input costs as well as weak demand may have forced factory closures, causing almost a million Filipino workers in the manufacturing sector to lose their sources of livelihood in September, according to local economists. On Wednesday, the Philippine Statistics Authority (PSA) reported that while the number…
INFLATION remains a bane for workers as the number of employed Filipinos looking for side hustles increased in June, based on the latest data released by the Philippine Statistics Authority (PSA). On Tuesday, PSA said the number of the unemployed reached 2.327 million in June 2023 while the underemployed reached…