ILOILO CITY – The inflation rate in Western Visayas dropped to 3.3 percent in September, the Philippine Statistics Authority-6 said on Thursday, October 10. A VEGETABLE vendor in Iloilo City. The inflation rate in Western Visayas dropped in September to 3.3 percent. (Tara Yap) Nida Amolar, PSA-6...
DoubleDragon Corporation is looking to raise as much as P30 billion over the next two years through the issuance of retail bonds as part of its plan to boost its financial position and cash reserves. In a regulatory filing on Wednesday, Oct. 9, DoubleDragon said that the bonds will be issued in...
Filipinos do not need to worry about rising extra rice prices, as they are projected to fall due to better global supply, allowing the Bangko Sentral ng Pilipinas (BSP) to speed up the lowering of borrowing costs in the coming months, according to British banking giant HSBC. Aris Dacanay, chief...
With more women joining the workforce and jobs on the rise, the government is anticipating a merry Christmas. Filipinos may enjoy a brighter holiday season as the latest labor survey showed improvements in the job market, National Economic and Development Authority (NEDA) said in a statement. “A...
By DERCO ROSAL UK-based banking giant HSBC announced that the battle to control surging inflation in the country has been won. “We think the BSP's [Bangko Sentral ng Pilipinas] inflation battle is finally over,” the bank stated, following the sharp decline in inflation in September. HSBC...
Downward Philippine inflation in the near term would be slightly offset by the new law imposing 12-percent value added tax (VAT) on digital services, Singapore-based United Overseas Bank (UOB) said. In an Oct. 4 report, UOB senior economist Julia Goh and economist Loke Siew Ting noted that there is...
The drop in Philippine inflation reflects weaker demand as consumers' pockets hurt by high prices and interest rates dry up, according to Deutsche Bank Research. Citing the over four-year low headline rate, Deutsche Bank's economist for the Philippines Junjie Huang said in an Oct. 4 report that "if...
The Marcos Administration vowed to sustain inflation deceleration measures to keep the prices of goods stable ahead of the holiday season, the Presidential Communications Office (PCO) said. People shopping at Maypajo Market in Caloocan City. (Arnold Quizol) This came after the Philippine...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez says President Marcos' intervention programs on the country’s inflation problem are bearing fruit. ...
As inflation slid to its lowest level in four years, the Philippines' chief economist is looking forward to more Filipinos lifted out of poverty. "With inflation dropping from its high levels last year and early this year, together with the continuing robust labor market, we expect poverty to...
By Derco Rosal Amid consensus expectations that inflation slid in September, the majority of economists polled by Manila Bulletin are looking forward to the Bangko Sentral ng Pilipinas' (BSP) decision to further reduce interest rates during its upcoming monetary policy meeting on Oct 16. Following...
Senate President Francis “Chiz” Escudero said the Philippine Health Insurance Corporation (PhilHealth) can afford to lower its members' mandatory contribution thanks to the huge chunk of unutilized funds that it has accumulated over the years. Citing figures from the Department of Finance (DOF)...
