The Philippine Statistics Authority (PSA) reported that the country's four-month streak of slowing consumer prices was disrupted by a sharp increase in rice and pork prices, causing the inflation rate to spike to 3.4 percent in February. Last month's headline inflation rate was higher than the 2.8...
The Social Security System (SSS) posted a record profit of P83.13 billion last year, propelled by robust revenues resulting from the increase in the contribution rate. The private sector employees' pension fund surpassed its 2023 net income target of P51.06 billion by 62.8 percent as well as...
President Marcos is still studying the recommendation to suspend the implementation of the five-percent increase in the Philippine Health Insurance Corp.'s (PhilHealth) premium rates, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) Communications Secretary Cheloy...
The National Economic and Development Authority (NEDA) said that the rising employment rate in the country would help cushion the impact of higher inflation on the purchasing power of Filipinos. In a statement, NEDA Secretary Arsenio M. Balisacan stressed the immediate need to address inflation,...
An economist stated that aside from the economic restrictions imposed by the Constitution, issues in education and infrastructure also deter foreign investors from entering the country. Bank of the Philippine Islands Lead Economist Emilio Neri, during a webinar at the Philippine Institute for...
Huge cash will be burned at the pumps next week, as oil products are anticipated to be on hefty price hikes again by Tuesday (February 20), according to the estimates of the oil companies. On the calculation of the industry players, gasoline prices will rise by P1.40 to P1.90 per liter, while...
While the proposed wage increase is meant to support workers, the Department of Finance (DOF) is concerned that it could lead to inflationary pressures and impose a heavier burden on small business owners. Finance Secretary Ralph G. Recto said on Thursday, Feb. 15, that the proposed legislation for...
Are you eyeing some sweet product, perhaps a cake, for your loved one this Valentine’s day? Worry less as popular baked-accompanied sugar and eggs are reported to decline their prices. Based on the data from the Philippine Statistics Authority, the average retail price of sugar shrunk to P78.10...
ILOILO CITY – The inflation rate in January is the lowest for Western Visayas since 2019. CONSUMERS buy fish in a stall in Iloilo City. (Tara Yap) The Philippine Statistics Authority (PSA)-6 said that prices of basic goods and services dropped 0.2 percent from 3.2 percent in December to three...
President Marcos assured the public that everyone would have jobs under the 'Bagong Pilipinas" (New Philippines) that his administration has been promoting. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this as he welcomed reports that the country's labor force...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez is upbeat over the Philppines' improving inflation rate, but admits that the country is still "not out of the...
The number of jobless individuals dipped to 1.6 million in December last year, the lowest in almost two decades, the Philippine Statistics Authority reported Wednesday, Feb. 7. Based on the PSA’s Labor Force Survey of 11,235 households, the unemployment rate stood at 3.1 percent, lower than the...
