The Department of Finance (DOF) said the projected slowdown in inflation this year would not only be favorable for consumers, but it may also serve as a reason for the Bangko Sentral ng Pilipinas (BSP) to reduce borrowing costs. Finance Secretary Benjamin E. Diokno said on Monday, Jan. 8, that the...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez says he won't think twice about recommending another rice price cap to President Marcos should the situation need it. “We will continue to monitor the prices of rice...
(MANILA BULLETIN) House Speaker Martin Romualdez says that the Philippines under the Marcos administration has successfully "tamed the monster" that is fast inflation. Romualdez in a statement noted that the nation began 2023 facing a 14-year inflation peak of 8.7...
The wholesale price growth of general goods saw a slowdown in November last year at 4.2 percent from October, data from the Philippine Statistics Authority (PSA) showed. The November reading of the general wholesale price index (GWPI) was weaker than the year-earlier 7.2 percent. From January to...
BACOLOD CITY – This city recorded a 16.26 percent decrease in the crime rate or 224 cases from 1,377 in 2022 to 1,153 last year. THE Bacolod City police headquarters. (FB) The Bacolod City Police Office (BCPO) said the number of eight focus crimes also went down by 40.52 percent or 109 cases...
(MANILA BULLETIN) With rice prices again on the uptrend, keeping the staple grain stable in markets will play a huge role in making 2024 a good year for the economy, according to Albay 2nd district Rep. Joey Salceda. Salceda said rice accounts...
The cost of rice shot up by 19.6 percent in December last year, marking its highest increase in over 14 years, the Philippine Statistics Authority (PSA) reported. This reading, according to the statistics agency, was also the highest in 2023 since rice inflation peaked in September due to the...
President Marcos said that his administration will work on strengthening the country's agriculture programs and focus on measures that would keep basic needs affordable this 2024. File photos (Malacañang, Manila Bulletin) Marcos said this as he welcomed reports that the inflation rate dropped to...
The rate of increase in consumer prices continued to slow in December, while the country's annual inflation climbed to its highest level in 15 years, data from the Philippine Statistics Authority (PSA) showed. Last month's consumer price growth showed sustained signs of easing, with headline...
OCTA Research (Dr. Guido David/X) The weekly Covid-19 positivity rate in Metro Manila decreased to 19.9 percent as of Jan. 2, the OCTA Research said on Thursday, Jan. 4. OCTA Research fellow Dr. Guido David said Metro Manila’s positivity rate was 24.7 percent on Dec. 26. “The positivity rate...
BAGUIO CITY – Police here reported a 56.47 percent decrease in crime incidents during the holiday season. The Baguio City Police Office Crime Information Reporting and Analysis System (CIRAS) said cases went down by 48 cases from December 21 to 31 compared to the same period in 2022. Baguio City...
The Energy Regulatory Commission (ERC) continues to observe the charges made by generation companies (GenCos) collected from consumers by distribution utilities (DU). The ERC said that this year's generation rates showed stability, but noticed an imbalance between the global coal price reduction...
