While most consumers expected radical spike in electricity rates, power utility giant Manila Electric Company (Meralco) had announced a rather moderate hike of P0.4621 per kilowatt hour (kWh) in its overall pass-on tariff that will be reflected in the bills of consumers this May. For residential...
ILOILO CITY – The inflation rate in Western Visayas jumped one percent to 4.1 percent in April from 3.1 percent in March. A FRUIT vendor on Calle Real in Iloilo City. (Tara Yap) Nida Amolar, Philippine Statistics Authority-6 officer-in-charge and chief statistical specialist, said that the...
Manila 1st district Rep. Ernesto Dionisio (Ellson Quismorio/ MANILA BULLETIN) The supposed destabilization against the current Marcos government can have a negative impact on the country's employment situation. Thus, said Manila...
The electric bills to be dispatched by power utility giant Manila Electric Company (Meralco) and other power utilities will practically be knocking on forbidden doors this May – but consumers will have no choice but to finally face the ‘fear factor’ of soaring expenses for electricity...
The scorching heat discouraged many job seekers, especially in the agriculture sector, leading to an increase in the number of unemployed Filipinos. The Philippine Statistics Authority (PSA) on Wednesday, May 8, reported that the number of jobless Filipinos rose to two million in March this year...
Albay 2nd district Rep. Joey Salceda (Facebook) Economist-solon Albay 2nd district Rep. Joey Salceda says all efforts to manage the country’s inflation rate must be focused on the staple food of rice. Salceda, chairman of the House...
The inflation rate, or the rate of increase in prices of goods and services, inched up to 3.8 percent in April, as rice prices declined after a three-month surge, the Philippine Statistics Authority (PSA) reported Tuesday, May 7. This figure was a bit higher than the 3.7 percent recorded previously...
BAGUIO CITY – The employment rate remains high in the Cordillera region, according to the Philippine Statistics Authority. The PSA said the region has an employment rate of 96.7 percent as of January 2024, higher than the national employment rate of 95.5 percent. On the other hand, the...
The Bangko Sentral ng Pilipinas (BSP) said the inflation rate for the month of April likely settled at a low of 3.5 percent or a high of 4.3 percent versus March’s 3.7 percent, amid elevated gasoline prices and a depreciating peso vis-à-vis the US dollar. Inflation is the increase in the...
The value transactions of banks and non-banks via the PESONet and InstaPay reached P3.81 trillion in the first quarter 2024, up 33 percent from same time last year of P2.87 trillion, based on data from the Bangko Sentral ng Pilipinas (BSP). The combined volume of both PESONet and InstaPay in the...
The country’s inflation is expected to remain above-target in the second quarter with an estimated average of 4.2 percent compared to the 3.3 percent average in the first quarter this year, according to analysts from First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific...
WASHINGTON — Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates. The Commerce Department is expected to report Thursday that...
