Key employment figures improve in April 2015

The reduction in the country’s unemployment and underemployment rates in April 2015 indicates a sustained favorable situation in the job market owing to the continued strength of the economy.

Statement: Economic Planning Secretary Arsenio M. Balisacan on the 2015 Q1 performance of the Philippine economy

Based on the first quarter 2015 Consumer Expectation Survey, consumer sentiment improved in the quarter due to expectations of stable price of commodities, decline in oil prices, availability of more jobs, higher number of employed family members, and fewer calamities during the period, among others.

Lower prices of oil, raw materials reduce imports in March 2015

Sec. Balisacan: “The low oil-price condition remains favorable to the current balance of trade, particularly for trade-in-goods of the country as global oil prices continue to hover way below US$100 per barrel at US$51.6 for the first quarter of 2015.”

Japan inks grant for community development in Mindanao

As one of Japan’s major development partners, the Philippines will receive a grant amounting to JPY1.117 billion or almost PhP500 million to facilitate the rehabilitation and construction of farm-to-market roads in Mindanao.