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Money
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GALLERY
 

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

S&P affirms RP ratings, stable outlook
by Ronnel Domingo

Credit watcher Standard & Poor Ratings Services affirmed on Friday its non-investment grade rating for Philippine sovereign issues, while maintaining a “stable” outlook.

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