Consumer prices accelerated further to 8 percent in November, hitting a fresh 14-year high on the back of sustained rise in food costs, the Philippine Statistics Authority (PSA) reported. Headline inflation surged to 8.0 percent last month from 7.7 percent in October and 3.7 percent in the same...
For most netizens, the P10,000 cash assistance or "ayuda" is a meme. For the Makabayan bloc, the P10,000 ayuda is necessary for the survival of poor Filipinos. (Mari Gimenez/ Unsplash) Militant party-list solons Rep. Arlene Brosas of Gabriela, Rep. France Castro of ACT Teachers, and Rep. Raoul...
A group once again called on the government to increase the salary of teachers as they continue to lose a significant portion of their monthly pay to inflation. (NOEL PABALATE / MANILA BULLETIN) “With the country’s inflation rate hitting a 14-year high of 7.7 percent in October 2022, the...
The Marcos administration’s planned expansion of "ayuda" or subsidy programs is one way of furthering the country’s economic turnaround, Marikina City 2nd district Rep. Stella Quimbo said Sunday, Nov. 13. Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA BULLETIN) "We...
There will be an extended heavier financial burden on motorists filling up their vehicles with gasoline products next week, as the price of this commodity will rise again by P0.55 to P0.85 per liter, based on the calculation of the oil companies. For diesel products, there could be a marginal...
The world’s farming population is growing older. In the Philippines, the average age of a farmer is already 57, according to the Department of Agriculture - Agricultural Training Institute (DA-ATI) in 2013. Workers at a rice paddy. (Photo from: Tim Shepherd/Unsplash) Agriculture boomed after the...
In order to help Filipinos cope with “runaway” inflation, Senator Risa Hontiveros said Malacañang should work more closely with lawmakers for new laws and policies aimed at increasing workers’ earnings and accelerating job creation across the country. Hontiveros said that while she welcomes...
TACLOBAN CITY – The inflation rate in Eastern Visayas went up to 7.4 percent in October after two consecutive months of deceleration, the Philippines Statistics Authority said. It registered double-digit inflation of 11.1 percent from 8.6 percent in September. The PSA attributed the uptrend...
A rookie congressman is prodding the House leadership to quickly take up his proposal to establish "Kadiwa Agri-food Terminals" in every city and municipality as a way of tempering the problem of costly basic commodities amid fast inflation. AGRI Party-list Rep. Wilbert T. Lee (Facebook) “Amid...
In a bid to cushion the effects of global inflation, Malacañang said the Marcos administration would be providing around P206.5 billion in subsidies and cash support under the proposed 2023 national budget. Malacañang issued this statement amid surging commodity prices caused by global...
Addressing high inflation is the top priority of President Marcos’ economic team, the Department of Finance (DOF) said after consumer prices further accelerated in October to almost 14-year high. Finance Secretary Benjamin E. Diokno admitted that the stubbornly high consumer prices remain on the...
Senior Deputy Majority Leader and Ilocos Norte 1st district Rep. Sandro Marcos couldn't help but worry about going "viral" again after he was asked on Friday afternoon, Nov. 4 to give his two cents on another economics-related issue. Ilocos Norte 1st district Rep. Sandro Marcos (Noel Pabalate/...
