President Ferdinand "Bongbong" Marcos Jr. has directed the continuation of support to the most vulnerable sectors through the distribution of cash transfers and fuel discounts to help cushion the impact of rising inflation, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Photo...
The rate of increase in consumer prices accelerated further in October, hitting its fastest pace in nearly 14 years, on the back of higher food costs, the Philippine Statistics Authority (PSA) said. On Friday, Nov. 4, the PSA reported that headline inflation clocked in at 7.7 percent last month,...
Albay 2nd district Rep. Joey Salceda was asked by this reporter about his advice to Filipinos on how to spend their 13th month pay, since it's already November and thus very close to that time of the year. Albay 2nd district Rep. Joey Salceda Instead of giving generic financial tips, Salceda--a...
The Bangko Sentral ng Pilipinas (BSP) said it is supporting the national government’s initiatives aimed at boosting the distribution of key food products and address supply-side pressures that exacerbate inflation. In a statement, the BSP said on Tuesday, Oct. 25, that addressing high consumer...
Malacañang is not calling the shots on monetary policy, the Department of Finance (DOF) said as it defended the independence of the Bangko Sentral ng Pilipinas from politics. Finance Secretary Benjamin E. Diokno said the Bangko Sentral ng Pilipinas (BSP) will continue to preserve its independence...
President Marcos believes the overall inflation forecast for the Philippines is still better than other countries, allaying concerns over soaring inflation rates. President Ferdinand Marcos Jr. (Photo courtesy of the Office of the President) "We may have to defend the peso in the coming months, but...
The skyrocketing consumer prices will not only drag down the country’s economic growth, but also keep many Filipino families trapped in poverty even if they earn more, the National Economic and Development Authority (NEDA) said. While high inflation is not here stay, Socioeconomic Planning...
President Marcos convened his economic team on Tuesday, Oct. 18, to determine and formulate the administration’s economic policy directions for the rest of the year until the first quarter of 2023. President Ferdinand 'Bongbong' Marcos Jr. and officials from his economic team. (Photo courtesy of...
The Department of Finance (DOF) bared policy measures that the Philippines is undertaking to address the impact of high inflation and climate-related risks in during the International Monetary Fund (IMF) and World Bank Group meetings in Washington D.C. Finance Secretary Benjamin E. Diokno said in...
ILOILO CITY -- For five consecutive months, the prices of basic goods in Western Visayas kept increasing as the inflation rate jumped to 7.5 percent in September 2022. The Philippine Statistics Authority (PSA) recorded an increase of 0.1 percent from the 7.4 percent inflation rate recorded in...
FINDING ANSWERS Former Senator Atty. Joey Lina More than anything else, Filipinos are most bothered by the soaring prices of food and other basic goods. That inflation pushed by costlier food items, which account for around one third of total expenditures of many households, is especially worrisome...
House Speaker Martin Romualdez has assured Filipinos that the Marcos administration has been taking steps to mitigate the problem of inflation in the country. House Speaker Martin Romualdez (Speaker's office) In a statement on Friday, Oct. 7, Romualdez noted that the uptick in inflation could be...
