Finance Secretary Ralph G. Recto stated on Wednesday, Aug. 7, that while the reduction of borrowing costs may still take place within the year, it is likely to happen later than August. During a press briefing at the Kapihan sa Manila Bay, Recto said that the decision to cut key policy rates by...
The number of unemployed Filipinos decreased by 30 percent to 1.62 million in June from 2.33 million in the same month last year. According to the Philippine Statistics Authority (PSA), the number of jobless individuals in June also decreased from 2.11 million in May 2024. This decline led to...
President Marcos’ chief economic manager stated that the substantial rise in consumer prices in July was temporary and is expected to align with the government’s target range in the coming months. Finance Secretary Ralph G. Recto said in a statement that the 4.4 percent inflation rate recorded...
(Unsplash) Albay 2nd district Rep Joey Salceda has always blamed rice prices for past instances of quickened inflation; that's not the case anymore. "It’s no longer rice, rice, rice. It’s corn," the economist-solon said in a...
Consumer prices surged by 4.4 percent in July, surpassing the government's target for the first time this year due to a faster increase in utilities, food, and transportation costs. According to the Philippine Statistics Authority (PSA), the country’s headline inflation rate last month...
Finance Secretary Ralph G. Recto said that the inflation rate may move at a much faster pace in July, while the impact of Typhoon Carina on the prices of goods is expected to be felt in the following months. “I think, coming from a low base, the inflation will be higher, but still within target...
BACOLOD CITY – The Negros Occidental Police Provincial Office (Nocppo) said the number of crimes in the province went down by 11 percent in the first half of the year. THE NOCCPO grandstand in Bacolod City, Negros Occidental. (Glazyl Masculino) A total of 2,104 incidents were reported from...
ILOILO CITY – President Ferdinand R. Marcos Jr. called out Western Visayas region for its low vaccination rate during the third State-of-the-Nation Address (SONA) on Monday, July 22. TODDLERS and children are immunized in Santa Barbara town, Iloilo province. (DOH-6) “Tuloy-tuloy...
President Marcos was proud when he said that the Philippines was able to weather the different challenges it faced, especially economic challenges. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/MANILA BULLETIN) Marcos said this as he delivered his third State of the Nation Address (SONA)...
ILOILO CITY – The crime rate in Western Visayas dropped by 11.68 percent in the first half of this year. The Police Regional Office-6 recorded 5,529 crime incidents from January 1 to June 30, 731 fewer than the same period last year with 6,260. CAMP Delgado, the Police Regional Office-6...
The Philippine Statistics Authority (PSA) reported an improvement in the country's poverty incidence last year, in line with the government's goal of reducing it to single digits by 2028. Based on the preliminary findings of the 2023 Family Income and Expenditure Survey (FIES), the poverty...
CEBU CITY – A party-list representative wants to hear President Ferdinand R. Marcos Jr. talk about the steps that the government is taking to address the rising inflation rate in the State-of-the-Nation Address on Monday, July 22. Agri party-list Rep. Wilbert Lee said the President should talk...
