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Tag: August 2023

Eight-month FDI inflows reached $5.5 billion

Foreign direct investment (FDI) net inflows reached $789 million in August 2023, slightly lower than $792 million recorded in the same month last year. “The...

Remittances grew 2.7% to $2.8b in August

Money sent home by Filipinos working overseas increased 2.7 percent in August 2023 to $2.80 billion from $2.72 billion a year ago. It was the...

Remittances rose 2.7% in August

Money sent home by Filipinos working overseas rose 2.7 percent in August 2023 to $2.80 billion from $2.72 billion a year ago. It was the...

Philippine exports recovered in August 2023

Philippine merchandise exports rebounded with a 4.2 percent growth in August 2023 from a 0.9-percent contraction in July on the back of strong electronics...

Jobless rate in the Philippines fell to 4.4% in August 2023

The unemployment rate in the Philippines fell to a three-month low of 4.4 percent in August 2023 from 4.8 percent in July, the Philippine...

August inflation climbed to 5.3%

Inflation in August 2023 climbed to 5.3 percent from 4.7 percent in July on higher prices of food and non-alcoholic beverages, the Philippine Statistics...

Manufacturing index fell in August

New factory orders fell and output growth cooled in August 2023, based on the latest S&P Global Philippine Purchasing Managers’ Index. S&P Global said for...

Moody’s Analytics: Philippine inflation likely rose to 4.8% in August 2023

Moody’s Analytics, a research unit that operates independently of Moody’s Investors Service, said Monday Philippine inflation is expected to be slightly faster in August...

Bangko Sentral sees faster August inflation

The Bangko Sentral ng Pilipinas said Thursday inflation in August 2023 likely inched up to as high as 5.6 percent from 4.7 percent in...

Higher toll at Cavitex to start Aug. 21

Cavitex Infrastructure Corp. on Tuesday announced the implementation of toll adjustments in the 14-kilometer Manila-Cavite Expressway on Aug. 21 this year. The TRB earlier issued...

Meralco announces lower power rate in August 2023

Manila Electric Co. announced Wednesday a rate reduction of P0.2908 per kilowatt-hour in August 2023. This brought down the overall rate for a typical household...
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