The country’s inflation rate slowed to 1.5 percent in November, easing from 1.7 percent in October and 2.5 percent in the same month last year, largely due to lower food prices, the Philippine Statistics Authority (PSA) reported on Friday, Dec. 5. Headline inflation averaged 1.6 percent during...
The Bangko Sentral ng Pilipinas (BSP) warned that the recent plunge of the peso, which has hit new lows, could reignite inflation despite projections that the November rate would settle below the central bank’s target band The BSP on Friday, Nov. 28, cited “higher electricity and oil prices,...
President Marcos expressed confidence that the Philippines is on track for recovery by next year as he met with Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona to discuss the latest monetary policy decision and the country’s economic trajectory. This came as the administration continues...
The Department of Education (DepEd) is urging the government to fully fund its mandates and programs, stressing that solving the country’s persistent literacy challenges requires financial support that matches the scope and cost of its growing responsibilities. DepEd Secretary Sonny Angara, in a...
Volatility in the peso-dollar market will persist as long as no concrete actions are taken to address the political uncertainties that have seeped into the financial markets. This uncertainty will eventually impact the country’s potential for economic growth. Yes Virginia, our dear local currency...
The Philippine Society for Microbiology and Infectious Diseases (PSMID) reported that the positivity rate for influenza, or flu, in Metro Manila has increased to 42 percent in October, indicating ongoing community transmission in the region. In its Flu Task Force Report released on Oct. 17, PSMID...
Despite inflation climbing to a six-month high in September, Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC) still expects consumer prices in the Philippines to rise by less than two percent on average for the entire year. Average headline inflation stood at 1.7 percent as of...
The country’s employment rate climbed to 96.1 percent in August, a sign of a resilient and adaptive labor market that continues to recover and prepares workers for emerging industries, the Department of Labor and Employment (DOLE) said on Thursday, Oct. 9. DOLE Secretary Bienvenido Laguesma said...
ILOILO CITY — Water consumers in Metro Iloilo have been assured of a gradual rate increase from P20 to P28.67 per cubic meter. Metro Pacific Iloilo Water (MPIW) Commercial head Kathleen Sadio said they are implementing the increase in two phases beginning November when consumers will have to pay...
Inflation rose to a six-month high of 1.7 percent in September, mainly due to more expensive fuel and higher vegetable prices following the onslaught of typhoons, the Philippine Statistics Authority (PSA) reported on Tuesday, Oct. 7. The latest PSA data showed that the country’s inflation rate...
Agriculture Secretary Francisco Tiu Laurel is casting doubt on the Bangko Sentral ng Pilipinas’ (BSP) projection that inflation likely quickened in September due to higher rice prices, maintaining that retail prices of the staple remain stable. The BSP estimated that last month’s inflation rate...
Last week, I watched a CEO in Ortigas break down during our coffee meeting—not from any corporate crisis or market meltdown, but from sheer exhaustion. “I don’t understand,” he said, stirring his third espresso of the morning. “I’m doing everything right—hitting targets, pushing...
