August 30, 2008

Bicol NEWS Lines

Stat Watch (6 August 2008)

 
BICOL INFLATION REACHES AN ALL-TIME HIGH
IN JULY
Annual inflation rate in the Bicol Region accelerated further in July, posting an all-time high of 13.7 percent. The sharp increases in food prices continued to be the main factor for higher inflation rates for the month and were more pronounced in areas outside of Metro Manila. The July inflation rate jumped 2.5 percentage points from the June level and 11 percentage points from the rate in the same period last year.

[Full Story] (posted 8 August 2008)

BICOL REGION'S ECONOMY EXPANDS BY 7.7%
IN 2007
The economy of the Bicol Region recovered from the effects of devastating typhoons in 2006 to post a healthy 7.7% growth in 2007. The strong performance of the Industry sector accounted for much of the growth of the regional economy.
[Full Story] (posted 28 July 2008)

UNEMPLOYMENT RATE RISES TO 6.5%
IN APRIL
More Bicolanos were out of job in April 2008, as employment rate dropped to 93.5 percent compared to 94.7 percent in the same period last year. Unemployment rate was placed at 6.5 percent, 1.2 percentage points higher than the April 2007 level, based on the latest round of the Labor Force Survey conducted by the National Statistics Office.
[Full Story] (posted 16 July 2008)

POVERTY INCIDENCE IN THE BICOL REGION
WORSENS IN 2006
The National Statistical Coordination Board (NSCB) released the 2006 official poverty estimates that indicated more poor people in 2006 in the Bicol Region. Poverty incidence in the region rose to 41.8 percent, up by 1.2 percentage points from its 2003 level. Poverty incidence is the proportion of families/ population with per capita income less than the per capita poverty threshold to the total number of families/population.

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Updated: August 4, 2008

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[Full Story] (posted 6 Mar 2008)
 
MORE ARTICLES . . .
 • 2008 WAM in Region 5 Now Available
 • A Glimpse of MDGs in Bicol Region
 • Bicol Region's Family Income Reaches 90.3B
 
DEVELOPMENT UPDATES . . .
 • Regional Economic Situationer: 4th Quarter 2007
 • CWC: A Breakthrough in Bicol Tourism Industry
 
FACTSHEETS
Did you know that . . .
 • Bicol population breached the 5 Million mark in 2007?
   (posted 29 May 2008)
 • Bicol Region had 38,653 additional poor families
    in 2006? (posted 17 Mar 2008)
 

Last Updated:
8 August 2008

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