The national government borrowed lower than programmed after Philippine benchmark interest rates for short-term loans rose on looming aggressive tightening. At Monday's auction of Treasury bills on July 11, the government sold only P13.16 billion worth of short-term IOUs, below the P15 billion...
Senator Ronald “Bato” dela Rosa on Thursday, July 7 expressed his belief it is high-time that the government should also prioritize coming up with a cash subsidy scheme for low to medium income class workers who are also reeling from the impact of the Covid-19 pandemic, series of oil price...
A VENDOR wearing a face shield sells vegetables in a market in Iloilo City. (Tara Yap) ILOILO CITY – Living in Western Visayas (Region 6) is expensive, at least for the time being. Inflation – the rate of increase in prices over a given period of time – in the region is higher than the...
To address the rising inflation and joblessness in the country, Albay 2nd district Joey Salceda is floating the idea of a “universal unemployment insurance” for Filipinos who recently lost their jobs. Albay 2nd District Rep. Joey Salceda (FILE PHOTO/MANILA BULLETIN) In a statement on Thursday,...
Finance Secretary Benjamin E. Diokno clarified that President Marcos is not disputing the Philippine Statistics Authority’s (PSA) June inflation report, saying the chief executive only misinterpreted the data given to him. In a televised interview over ANC on Wednesday, July 6, Diokno explained...
Barangay Health Workers (BHW) Party-list on Wednesday, July 6, called on the Marcos administration to provide free transportation services to barangay health workers and other frontliners amid the rising inflation rate, while women’s rights group Gabriela chided the President for dismissing the...
The National Economic and Development Authority (NEDA) raised the need to promote alternative work arrangements amid skyrocketing fuel prices, as it also urged the government to immediately address the logistical constraints in the country. In a statement, Socioeconomic Planning Secretary Arsenio...
President Ferdinand "Bongbong" Marcos Jr. on Tuesday dismissed the country's latest inflation rate, which has increased compared to last month's figure, by saying it is an "imported inflation." "I think I will have to disagree with that number. We are not that high. We have crossed the...our...
President Ferdinand “Bongbong” Marcos Jr. might soon be holding special powers to control hoarding of essential items, manage transport woes, investigate market abuse in the energy sector, and extend loans to businesses producing essential goods. Albay 2nd district Rep. Joey Salceda (left) and...
Economist-congressman Joey Salceda of Albay's 2nd district believes he has a better way of tackling the inflation problem. Albay 2nd district Rep. Joey Salceda (Facebook) This, as the solon prodded the economic team of newly-inaugurated President Ferdinand "Bongbong" Marcos Jr. to focus on...
A ranking solon who is well- versed in "budgeting" has told Filipinos to get ready to tighten the belts in the coming months amid what he described as "turbulent economic times". (Towfiqu Barbhuiya/ Unsplash) “We foresee difficult times ahead...and it is up to us if we can safely ride it through...
President Duterte’s press secretary assured the public on Tuesday, June 7, that the government has put in place mechanisms that will address the inflation rate which grew to 5.4 percent last month and the skyrocketing prices of fuel in the country. PCOO Secretary Martin Andanar. (Malacañang...
