NEDA: Marcos admin remains firm on enhancing high-quality jobs; PH Int’l gross reserves dropped to USD 106.2-B by the end of March
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NewsTranscript
00:00Following a decline in underemployment recorded in February, the government is doubling down on its commitment to generate high-quality and sustainable jobs for Filipinos.
00:12These and other stories in tonight's Business Wrap from the Philippine News Agency.
00:17In our Business News, the administration of President Ferdinand R. Marquez Jr. reaffirmed its effort for high-quality jobs, according to the National Economic and Development Authority.
00:37This after a draft of the country's underemployment in February this year.
00:42The data released by the Philippine Statistic Authority meant that workers seeking additional jobs dropped to 10.1% in February 2025, an improvement from 12.4% in February 2024.
00:59Meanwhile, the country's unemployment rate settled at 3.8%, surpassing the target range of 4.8% to 5.1% for 2025.
01:13Neda Secretary Arsenio Balisakan said the government is committed to fast-track the implementation of project creating high-quality jobs.
01:23On the other hand, the Banko Central ng Pilipinas reported that the country's gross international reserves, or GIR, slightly dropped to $106.2 billion at the end of March, from $107.4 billion in February this year.
01:43The decrease was primarily due to the national government's withdrawal from its foreign currency deposits with the BSP as well as the foreign exchange operation.
01:56Despite the decline, BSP assured that the current level of GIR remains a strong external liquidity buffer equivalent to 7.3 months worth of goods, imports, payment services, and primary income.
02:10Based on the residual maturity, GIR can also support approximately 3.7 times of the country's short terms for in-depth.
02:21That's the latest business news from the Philippine News Agency.
02:25This is R.B. Abaracoso from Balitang Pambansa.