Finance Secretary Ralph G. Recto said that inflation may have already reached its highest point, projecting a gradual decline in the rate of food price increases in the coming months. Recto stated that the continued moderation in inflation may lead the Bangko Sentral ng Pilipinas (BSP) to consider...
(Noel Pabalate/MANILA BULLETIN) Several high-ranking members of the House of Representatives commended the initiative of Speaker Martin Romualdez to conduct a comprehensive review of the Electric Power Industry Regulation Act (EPIRA) in a bid to...
ILOILO CITY — Crimes in the Western Visayas region decreased by 7.2 percent in the first five months of this year. CAMP Delgado, headquarters of the Police Regional Office-6 based in Iloilo City. (Tara Yap) The Police Regional Office-6 logged 4,820 crime incidents from January to May,...
Finance Secretary Ralph G. Recto said that inflation is expected to remain within the target band of two percent to four percent this year following its contraction in June. Recto said that implementing whole-of-government interventions, such as cash grants and tariff rate cuts, will ensure that...
(Unsplash) Aside from rice prices, House Speaker Martin Romualdez has also vowed to reduce electricity rates as a way to further ease inflation in the country. “We will work to further reduce electricity rates and rice prices....
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep. Joey Salceda believes that the Marcos administration has successfully placed inflation "under control", but at the same time thinks more can be done. "Inflation is...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez has praised President Marcos for the slowdown in inflation rate, from 3.9 percent in May to 3.7 percent...
The Bangko Sentral ng Pilipinas (BSP) said the decrease in the tariff on rice imports would help mitigate supply-related inflationary forces and sustain the disinflation trajectory. In a statement on Friday, July 5, the BSP said it supports President Marcos’ executive order (EO) no. 62, lowering...
The rate of increase in consumer prices slightly eased to 3.7 percent in June from the 3.9 percent recorded in May, the Philippine Statistics Authority (PSA) reported. In its latest inflation report, the PSA said this figure is attributed to slower growth in transport and electricity prices during...
DAVAO CITY – The Davao City Water District (DCWD) has announced a 10 percent water rate increase this month. JC Duhaylungsod, DCWD spokesperson, said that the increase is the third tranche of the 60 percent water rate adjustment approved by Local Water Utilities Administration (LWUA) in July...
Private sector economists expect June inflation to be close to the higher end of the government's target range of manageable consumer price hikes. Dutch bank ING projected an above-target headline rate of 4.1 percent year-on-year for June, from the 3.9 percent posted in May. The Philippine...
The Department of Budget and Management (DBM) announced that it will increase the government’s proposed budget for 2025 by 10 percent to P6.352 trillion from P5.768 trillion in 2024. During a briefing of the Development Budget Coordination Committee (DBCC), DBM Secretary Amenah F....
