Employment improvements as of July do not mean the Philippine economy has improved significantly, a former Cabinet official said, given issues such as inflation having hit a new nine-year high.

In a speech at the Chamber of Thrift Banks (CTB) General Membership meeting at a hotel in Makati City, former National Economic and Development Authority (NEDA) Director General Cielito Habito said this week’s announcement that more Filipinos had jobs was not enough for the Philippines to be considered better off today than in the past.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details