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...
CEBU CITY – With increased police visibility, fewer crimes were recorded in Central Visayas in the past week, the Police Regional Office-Central Visayas (PRO-7) reported. Police Brig. Gen. Roy Parena, officer-in-charge of PRO-7, said there were only 51 crime incidents recorded from Nov. 24...
Philippine companies are increasing salaries to respond to a competitive talent market, according to global professional services firm Mercer. In its Total Remuneration Survey conducted this year, Mercer said the average employee salary in the country is set to increase by 5.5 percent in 2025,...
BACOLOD CITY – The province of Negros Occidental recorded a 12.81 percent decrease in crimes with only 3,525 cases from Jan. 1 to Nov. 25. The Negros Occidental Police Provincial Office said crimes went down by 518 from 4,043 cases during the same period in 2023. The number of eight focus crimes...
(MANILA BULLETIN) Economist-solon Albay 2nd district Rep. Joey Salceda has advised the Philippine government to "adapt" amid concerns that the peso slide against the United States (US) dollar would persist well into 2025. Incidentally, January...
The repercussions of US President-elect Donald J. Trump's protectionist trade and expansionary fiscal policies would slow the pace of interest rate cuts in emerging markets like the Philippines, according to Oxford Economics. In a report, Oxford Economics emerging markets economist Callee Davis...
CEBU CITY – The Police Regional Office-Central Visayas (PRO-7) recorded a significant drop in the crime rate in Region 7. Police Brig. Gen. Anthony Aberin, chief of PRO-7, said the notable reduction in eight focus crimes highlighted the effectiveness of crime prevention strategies in the region....
