The country saw its lowest inflation rate of the year in December, but unfortunately, low-income Filipino families did not reap the benefits of this downturn, data from the Philippine Statistics Authority (PSA) showed. The PSA's data revealed that the inflation rate for the poorest 30 percent of...
The Armed Forces of the Philippines (AFP) reiterated on Friday, Jan. 5, its "unwavering" loyalty to the Constitution and the Philippine flag amid new rumors of a destabilization plot against the current administration which is also being closely monitored by the Philippine National Police (PNP)....
TACLOBAN CITY – The Philippine Statistics Authority-8 aims to register 300,000 individuals in Eastern Visayas in the Philippine Identification System (PhilSys) this year. The agency has successfully registered about 3.8 million persons as of December. PSA-8 Director Wilma Perante attributed their...
The cost of rice shot up by 19.6 percent in December last year, marking its highest increase in over 14 years, the Philippine Statistics Authority (PSA) reported. This reading, according to the statistics agency, was also the highest in 2023 since rice inflation peaked in September due to the...
Senator Christopher “Bong” Go on Friday, January 5 urged the Department of Health (DOH) to pursue the establisment of halfway houses nearby key medical centers in the country, noting there is sufficient budget for this under this year’s budget. Go, chairman of the Senate Committee on...
The rate of increase in consumer prices continued to slow in December, while the country's annual inflation climbed to its highest level in 15 years, data from the Philippine Statistics Authority (PSA) showed. Last month's consumer price growth showed sustained signs of easing, with headline...
The Philippines and the US are starting the year with another maritime activity in the South China Sea as they commit to bolster regional security and stability in the contested waters. Three vessels from the Philippines and four from the US started conducting on Wednesday, Jan. 3, their two-day...
The local stock market declined as investors were quick to take profits from the previous day’s rally. The main index dropped 55.16 points or 0.84 percent to close at 6,498.88 as Banks led the slide across the board. Volume thinned further to 182 million shares worth P3.11 billion as gainers...
After what it described as a safe and peaceful Yuletide celebrations, the Philippine National Police (PNP) is now focusing on the security measures for the Black Nazarene procession, or Traslacion 2024, on Jan. 9. PNP chief Gen. Benjamin Acorda, Jr. said the initial plan is to deploy around 13,700...
Senator Sherwin Gatchalian on Wednesday, January 3 called on the Department of Energy (DOE) to explain the continued delay in the submission of a new energy roadmap. Gatchalian pointed out the DOE is supposed to submit to Congress an updated energy roadmap by September 15 of each year...
The PSEi opened the new trading year with a bang as optimistic investors trickled back into the market. The main index surged 104 points or 1.61 percent to close the first trading session at 6,554.04 as Conglomerates and Services rallied to offset the decline of the Property and Mining counters....
The Philippine Stock Exchange (PSE) expects to raise P175 billion worth of capital in 2024 amid a more upbeat equities market with six companies seen to launch their initial public offerings (IPO) this year compared to just three in 2023. “Our capital raising forecast is P175 billion, around P40...
