President Marcos' chief economic manager said the government's swift and resolute actions to combat inflation were responsible for the considerable decrease in consumer prices recorded in October. In a statement, Finance Secretary Benjamin E. Diokno lauded the 4.9 percent headline inflation...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez highlighted on Tuesday, Nov. 7 the "tangible benefits" of having a slower inflation. This, as Romualdez welcomed the easing of inflation by a significant 1.2 percentage...
Filipino consumers finally received some relief from the persistent price increases they had been facing since the start of the year, as the government's report highlighted a significant slowdown in the inflation of food prices. The latest inflation report released by the Philippine...
The country registered a slowdown in consumer price inflation in October, but the persistent struggle with high living costs remains a pressing concern for many Filipino consumers. The Philippine Statistics Authority (PSA) reported on Tuesday, Nov. 7, that the inflation rate eased to 4.9 percent,...
Finance Secretary Benjamin E. Diokno believes that borrowing costs in the country have hit a ceiling. On the sidelines of the Retail Dollar Bond 2 listing on the Philippine Dealing and Exchange Board on Monday, Nov. 6, Diokno stated that there is no rationale to warrant a further increase in...
Happy driving days will continue for Filipino consumers next week as oil prices will continue to track downtrend at the domestic pumps, according to the calculation of the oil companies. Based on the estimates of the industry players, the price of diesel in particular will have a heftier rollback...
The pace of price increases at retail stores in Metro Manila slowed in September, the Philippine Statistics Authority (PSA) reported. Prices in the National Capital Region (NCR), as measured by the general retail price index (GRPI), increased by 3.6 percent year-on-year, down from 3.9 percent in...
CAMP RAFAEL C. RODRIGUEZ, Butuan City – The crime rate in the Caraga region dropped 20 percent from October 16 to 22 compared to October 9 to 15, the Police Regional Officed-13 reported Thursday, October 27. PRO-13 Director Police Brig. Gen. Kirby John B. Kraft said 150 crime incidents were...
The Court of Tax Appeals (CTA) has declared final and executory the March 18, 2022 decision of its division that cancelled and set aside the P305.7 million income tax deficiencies assessed against former Pampanga vice governor Juan Miguel "Mikey" M. Arroyo and his wife, Ma. Angela, of Gomeco Metal...
The National Economic and Development Authority (NEDA) maintained its stance against a policy rate hike, emphasizing that inflation is primarily driven by supply-side factors. This is after Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said that an off-cycle hike may be implemented as...
The Court of Tax Appeals (CTA) has denied the petition filed by Oceanagold Philippines, Inc., which sought from the Bureau of Internal Revenue (BIR0 a refund or tax credits for P155.5 million in excise taxes which it claimed were illegally assessed and collected in 2017. Oceanagold, a mining...
The Department of Energy (DOE) has ordered and deployed personnel to carry out physical inspection of the delayed liquefied natural gas (LNG) import facilities, as the snagged kick-off of their commercial operations have been triggering spikes in electricity rates being passed on to consumers....
