By Derco Rosal As the Bangko Sentral ng Pilipinas (BSP) started to implement interest rate cuts, small business owners are feeling a wave of optimism. For entrepreneurs like Grace Sarmiento, who owns a hardware store in Cagayan, these changes could signify not just relief but also opportunity. The...
ILOILO CITY — The inflation rate in Western Visayas remains unchanged at 4.8 percent in August. A STALL at the La Paz Market in Iloilo City. (Tara Yap) Nida Amolar, Philippine Statistics Authority-6 officer-in-charge and chief statistical specialist, attributed this to the lower food...
The Bangko Sentral ng Pilipinas (BSP) is planning to transition to a new inflation forecasting model in 2025 for better economic predictions, officials said on Monday, Sept. 9. Currently, the BSP relies on the Multi-Equation Model (MEM) and the Single Equation Model (SEM), which have shown strong...
As the Philippine economy continues to recover from the pandemic, local businesses were adopting a more cautious approach to salary increases, according to a new report by risk and employment consultancy WTW said. Based on the WTW’s Salary Budget Planning Report for 2024 released on Monday,...
As inflation falls, the Bangko Sentral ng Pilipinas (BSP) will further lower key interest rates at its next monetary policy stance meeting in October, according to the think tank Capital Economics. "The past week has brought more encouraging news on inflation, with August data showing that...
Easing food price pressures in the Philippines are sustainable, according to the World Bank, lessening the pain inflicted by inflation on consumers’—especially the poor’s—pockets. "Food inflation is expected to decline following further reductions in import tariffs implemented in late July...
President Marcos’ chief economic manager said that the country’s labor force remains robust, and lower inflation is expected to increase jobs in the wholesale and retail trade sectors through higher spending. Finance Secretary Ralph G. Recto said that the ongoing decline in inflation “will...
The number of Filipinos employed in the water sector has risen, driven by improving wages and the expansion of establishments in water collection, treatment, and supply, data from the Philippine Statistics Authority (PSA) showed. Based on the 2022 Annual Survey of Philippine Business and Industry...
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep Joey Salceda is pushing the economic managers of the Marcos administration to keep corn prices in check, even as the inflation rate for August eased to 3.3 percent. Salceda, an economist, said...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) Speaker Martin Romualdez said the House of Representatives will do everything it can to help the Maccos administration keep food prices down--and...
The country's unemployment rate declined in July compared to the same period last year, but the number of jobless Filipinos increased during the month. Data from the Philippine Statistics Authority (PSA) revealed that the unemployment rate was 4.7 percent in July, down from 4.9 percent in the...
President Marcos' chief economic manager emphasized the effectiveness of the government's interventions in stabilizing food prices and assured that efforts to manage risks will continue to keep prices low. In a statement, Finance Secretary Ralph G. Recto said that they will continue to enhance...
