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Fri, Jul 03, 2009 11:41 AM Philippines      25°C to 33°C
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Unemployment fell to 7.5 percent in April from 8.0 percent a year earlier, according to government figures released Tuesday. Graph by BERNADETTE GARCIA/INQUIRER.net

SLIGHT INCREASE. Remittances from overseas Filipino workers, a key pillar of the country's economy, reached $1.442 billion in April, up 2.2 percent from a year ago, government figures show. Graph by BERNADETTE GARCIA/INQUIRER.net

Exports slumped 35.2 percent in April from a year earlier, deeper than a 30.8 percent fall in the previous month, the National Statistics Office says. Shipments of electronics products also plunged 33.2 percent in April from a year earlier after a 33.8 percent contraction in March. Graph by BERNADETTE GARCIA/INQUIRER.net

LOWEST RATE: The rate of increase of consumer prices continued to dip in May, settling at an 18-month low of 3.3 percent year-on-year from 4.8 percent in April, the National Statistics Office says.

LOWEST GROWTH. The country is teetering towards a recession after first quarter output was pegged at 0.4 percent due to the global financial crisis. Graph by BERNADETTE GARCIA/INQUIRER.net

ADB sees poverty on the rise in Asia

Poverty is on the rise, and the Asian Development Bank has warned governments throughout the region, including the Philippines, not to go slow on their pump-priming initiatives to counter the ill effects of the global economic turmoil.

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Problems in search of marketing solutions

Q: I run a small business. It’s a spa that specializes in Thai massage. I have two branches now.

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