Tag: june
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June jobless rate falls to lowest in two decades
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THE UNEMPLOYMENT RATE in June fell to 3.1%, the lowest in two decades, as hiring in the construction sector surged, the Philippine Statistics Authority (PSA) reported on Wednesday. Preliminary data from the Philippine Statistics Authority (PSA) showed the jobless rate slipped from 4.1% in May and 4.5% in June 2023.…
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Trade-in-goods deficit widens to $4.3B in June
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THE PHILIPPINES’ trade-in-goods deficit ballooned to $4.3 billion in June as imports and exports contracted, the Philippine Statistics Authority (PSA) said on Tuesday.
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National government gross borrowings fall in June
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THE NATIONAL Government’s (NG) gross borrowings declined by 11% year on year in June as external debt dropped, the Bureau of the Treasury (BTr) reported. The latest data from the BTr showed that gross borrowings in June fell to P148.18 billion from P166.49 billion in the same month a year…
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India Achieves Milestone In RE Generations: Solar And Wind Power Lead The Way With 93.62% In June 2024
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In June 2024, India achieved a significant milestone in its renewable energy sector, with solar power contributing nearly half of the nation’s renewable energy output. Solar energy alone accounted for […] The post India Achieves Milestone In RE Generations: Solar And Wind Power Lead The Way With 93.62% In June…
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Hot money outflows hit $27M in June
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MORE SHORT-TERM foreign investments flowed out of the Philippines in June, data from the Bangko Sentral ng Pilipinas (BSP) showed. Transactions on foreign investments registered with the central bank through authorized banks posted a net outflow of $27.26 million. This was a reversal of the $42.86-million net inflow in May,…
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NG budget deficit narrows in June
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THE NATIONAL Government’s (NG) budget deficit narrowed by 7.24% year on year in June, as revenue collection grew at a faster clip than spending, the Bureau of the Treasury (BTr) said on Wednesday. Treasury data showed the budget gap shrank to P209.1 billion in June from P225.4 billion a year…
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PEZA investments plunge in June
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THE PHILIPPINE Economic Zone Authority (PEZA) approved P8.65 billion worth of projects in June, 73.4% lower than a year ago. In a statement over the weekend, the investment promotion agency said the PEZA Board approved 25 new and expansion projects at its June 28 meeting, up from 22 projects a…
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Dollar reserves slip to $104.7 billion in June
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THE PHILIPPINES’ gross international reserves (GIR) dipped by 0.3% month on month in June, which the Bangko Sentral ng Pilipinas (BSP) governor partly attributed to its intervention in the foreign exchange market amid the peso’s continued depreciation against the US dollar. Preliminary data from the BSP showed gross dollar reserves…
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Philippine inflation eases to 3.7% in June
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by Luisa Maria Jacinta C. Jocson, Reporter Headline inflation eased to 3.7% in June after four straight months of acceleration due to a slower rise in electricity and transport costs, the Philippine Statistics Authority (PSA) said. The PSA on Thursday reported that the consumer price index (CPI) rose to 3.7%…
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June inflation likely within target
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HEADLINE INFLATION likely remained steady in June and settled within the central bank’s 2-4% target for a seventh straight month, analysts said.