The number of jobless Filipinos decreased in November, but employed individuals also shrank in number by 100,000. According to the Philippine Statistics Authority (PSA) the country’s employment rate increased to 96.8 percent in November last year from 96.4 percent in November 2023. It has also...
Consumer prices in December accelerated for the third consecutive month, but a sharp decline in rice prices helped ease the impact, particularly on poor households, with rice inflation slowing to its lowest level in three years. Data from the Philippine Statistics Authority (PSA) revealed that the...
BACOLOD CITY – The Negros Occidental Police Provincial Office said that the crime rate in the province dropped 13.11 percent in 2024. NOCCPO sign (Glazyl Masculino) Police recorded 3,885 incidents from Jan. 1 to Dec. 31, 2024, 586 fewer than the 4,471 in 2023. The number of eight focus...
With inflation within the target range for 2024 and projected to remain so in 2025, economists polled by the Manila Bulletin expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this year. Despite headline inflation rates increasing incrementally month-on-month,...
The crime rate in Bacolod City went up by 5.95 percent last year, police said. The Bacolod City Police Office said the number of crimes increased by 70 from 1,175 in 2023 to 1,245 in 2024. BCPO headquarters (FB) Index crimes, which include offenses against persons or property, remained at 170...
Despite potential price increases in some sectors, the Bangko Sentral ng Pilipinas (BSP) anticipates that the rate of increase in consumer prices will remain controlled and within the desired range this month. In a statement on Friday, Dec. 27, the central bank projected that December 2024...
The peso continued its downward slide, depreciating further as it returned to the 59 level against the US dollar. According to data from the Bankers Association of the Philippines, the peso depreciated by 0.01 centavo from Wednesday’s finish of P58.99 against the greenback. During the...
The Asian Development Bank (ADB) has lowered its inflation forecast for the Philippines due to moderating price pressures, particularly in food and core inflation. In its latest Asian Development Outlook (ADO) report, the Manila-based multilateral institution revised its inflation forecast for the...
ILOILO CITY — The Inflation rate in Western Visayas region dropped to 3.2 percent in November. A market stall in Iloilo City. (Tara Yap) The Philippine Statistics Authority-6 reported that the inflation rate decreased by 0.7 percent from 3.9 percent in October. “The deceleration in the...
House Speaker Martin Romualdez (Speaker’s office) The House of Representatives, through the vaunted quinta-commiittee (quinta-comm), won't hold treat anyone as sacred cows in its bid to stop the practice of price manipulation of basic goods....
Despite an increase in the number of Filipinos finding jobs in October, many were not employed in full-time positions, leading to a continued rise in underemployment. Data from the Philippine Statistics Authority (PSA) revealed that the employment rate in October rose to 96.1 percent, compared to...
Rising prices of pork and chicken during the holiday season, coupled with the continued impact of African Swine Fever (ASF), drove up the Philippines’ inflation rate in November, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa...
