Amid rising inflation rates, Makati City 2nd district Rep. Luis Campos Jr. is prodding the Bangko Sentral ng Pilipinas (BSP) to retain the current limit on credit card interest rates. READ: https://mb.com.ph/2022/10/05/inflation-quickens-to-6-9-in-sept/ “We want the BSP to keep credit card...
Consumers prices continued to climb at the fastest pace in nearly four years to 6,9 percent in September on the back of rising food and energy costs, the Philippine Statistics Authority (PSA) reported on Wednesday, Oct. 5. Headline inflation clocked in at 6.9 percent last month, higher than the 6.3...
SPEAKING OUT Ignacio R. Bunye The galloping inflation has been very much in the news because of the very negative effects on almost everybody especially the ordinary Juan and Maria. Inflation has forced the US Fed and other central banks to increase their benchmark interest rates making it more...
Philippine real estate looks to decouple if history repeats HOMEFRONT Column by Victor Consunji , founder and CEO of Victor Consunji Development Corporation (VCDC) Earlier this week, the Federal Reserve has again increased its overnight benchmark interest rate by another 75 basis...
The Asian Development Bank (ADB) said the rate of increase in consumer prices in the country would move at a much faster pace this year owing to acceleration of global energy and commodity prices. Based on the Asian Development Outlook 2022 Update on Wednesday, Sept. 21, the Manila-based...
Amid the 6.1 percent inflation rate reported for the month of June, President Ferdinand Marcos Jr. believes the country has "done all right" in terms of monetary policy. The President made the pronouncement in an interview aired on All TV, where he also blamed the "imported inflation" to be the...
Despite the slight slowdown in the country’s inflation rate, House Senior Deputy Minority Leader and Northern Samar 1st District Rep. Paul Daza warned the public against expecting prices of commodities to also decrease. Northern Samar Rep. Paul Daza (left) and Albay Rep. Joey Salceda (right)...
The Philippines Statistics Authority (PSA) has recorded marked increases in the retail prices of key agricultural commodities in the first few days of June alone. Based on the PSA report released on Wednesday, Aug. 31 on Price Situationer of Selected Agricultural Commodities First Phase of June...
House Ways and Means chairman and Albay 2nd district Rep. Joey Salceda says that there is about P180 billion in non-tax options available to President Ferdinand “Bongbong” Marcos Jr. and his administration to counter inflation. Albay Rep. Joey Salceda (Photo from Salceda’s Facebook page)...
Consumers may get some relief soon from higher prices as the Department of Finance (DOF) has seen signs inflation may have peaked in July on the back of decelerating global crude prices. In a statement on Wednesday, Aug. 17, Finance Secretary Benjamin E. Diokno said the country could have reached...
The growth of the country’s Gross Domestic Product (GDP) slowed down to 7.4 percent in the second quarter of 2022 compared to 8.2 percent in the first quarter. Using constant 2018 prices, the economy was valued at ₱4.99 trillion, better than the pre-pandemic GDP of ₱4.985 trillion in the...
The Malacañang on Friday, Aug.5, said it expected the spike in the country’s inflation rate in July. (MB File Photo) This was the reaction given by Press Secretary Trixie Cruz-Angeles when asked about the Philippine Statistics Authority (PSA) report saying inflation last July accelerated to 6.4...
