The Philippines is more likely to have a lower inflation rate this year driven by a possible decline in crude oil prices despite an increase in rice prices, an economist said. Victor A. Abola, an economist from the University of the Asia and the Pacific, said in a briefing that inflation in 2024...
The country’s economy is expected to reach six percent this year with the help of robust private consumption and government infrastructure spending, the Metrobank Group’s investment arm First Metro Investment Corp. said. In a breifing, First Metro President Jose Patricio Dumlao said that the...
An increase of P0.0846 per kilowatt hour (kWh) in the January billing cycle of Manila Electric Company (Meralco) will bring slight squeeze in the pockets of its roughly 8.0 million customers in the initial month of this year. The power utility firm announced that its tariff will climb to P11.3430...
The Department of Finance (DOF) is bullish on the country's improving unemployment numbers due to the government's robust strategy for creating jobs and driving investments. In a statement, Finance Secretary Benjamin E. Diokno expressed confidence that achieving an unemployment rate of four percent...
Surigao del Norte 2nd district Rep. Robert Ace Barbers The continued drop in unemployment rate under the Marcos administration should serve as an "impetus" to relax the “restrictive” economic provisions of the 1987 Constitution. Thus, said Surigao...
Albay 2nd district Rep. Joey Salceda (Facebook) Pointing to the skidding unemployment rate, Albay 2nd district Rep. Joey Salceda says that President Marcos has successfully shown his administration’s commitment to providing jobs to Filipinos. ...
The peso slipped back to the P56 level versus the US dollar. It closed at P56.01 on Tuesday, Jan. 9, 2024, from P55.69 on Monday, Jan. 8. The last time the peso breached P56 was Dec 13, 2023 when it closed at P56.055. It appreciated below P56 the next day and has stayed at the mid-P55 level for the...
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...
