House Speaker Martin Romualdez (Facebook) This coming new year will be "brighter and more prosperous", according to House Speaker Martin Romualdez. At least that's how he feels after looking at the country’s inflation rate for November, which slowed...
Metro Manila’s Covid-19 Weekly Positivity Rate (OCTA Research Fellow Dr. Guido David / X) The seven-day positivity rate of Covid-19 in Metro Manila increased to 10.2 percent on Dec. 3, from 7 percent on Nov. 26, the OCTA Research said on Tuesday, Dec. 5. OCTA Research Fellow Dr. Guido David said...
CEBU CITY – The Department of Labor and Employment reported a decrease in the unemployment rate in Central Visayas this year. DOLE-7 Director Lilia Estillore said that the unemployment rate in Region 7 decreased from 5.8 percent in 2022 to 5.2 percent in 2023. Estillore said the unemployment...
CAGAYAN DE ORO CITY – The city council here passed proposed Resolution No. 2023-542 during its regular session on Tuesday, November 28, requesting the Cagayan de Oro City Water District (COWD) to defer its proposed 60 percent water rate increase in the next three years. Councilor Joyleen Mercedes...
Factory gate prices posted an annual decrease of 0.3 percent in October this year, the Philippine Statistics Authority (PSA) reported Wednesday, Nov. 29. This was a reversal of the 7.3 percent of the producer price index (PPI) growth recorded in the same month a year earlier and slightly faster...
The Philippines' employment situation is "very bright," a Cabinet official said. (Photo courtesy of PCO) Finance Secretary Benjamin Diokno said Filipinos are in a better position to weather inflation citing the lower unemployment rate in the country, which he labeled as very bright. “Iyong...
Short-term benchmark interest rates sharply dropped anew, now below the local policy rate of 6.50 percent. At the Bureau of the Treasury auction on Tuesday, Nov. 28, the national government fully awarded its P10 billion offering. Total demand reached P72.215 billion, more than seven times higher...
The Court of Tax Appeals (CTA) has dismissed the petition filed by Arrow Freight Corporation (AFC) for a refund of P33.28 million in withholding taxes collected by the Bureau of Internal Revenue (BIR) for taxable year 2014. Instead, the CTA -- as a full court -- affirmed AFC's partial refund...
The Senate Committee on Finance has agreed to channel more funds for the implementation of the Functional Literacy, Education, and Mass Media Survey (FLEMMS). FLEMMS is a nationwide household-based survey that gathers information on basic and functional literacy rates, and educational skills...
BUTUAN CITY – The Police Regional Office-13 on Wednesday, November 15, reported a 14.86 percent decrease in total crime incidents in the Caraga region from November 5 to 11 compared to October 29 to November 4. KRAFT (Mike U. Crismundo) According to the PRO 13-Regional Investigation and...
The Manila Electric Co. (Meralco) said that the power prices in the country coincide with the real electricity costs, and that their rates are fair and reasonable to its service quality. Meralco issued the statement to clarify the recent statements made by ACT-Teachers Representative France Castro,...
Growth in the bulk prices of general goods slowed in September this year as food price growth eased, the Philippine Statistics Authority (PSA) reported. Based on the PSA data, the General Wholesale Price Index (GWPI) in the country dropped to 4.4 percent from 5.0 percent in August. It is also lower...
