The government will continue to attract job-generating investments as the unemployment rate shrunk to 4.8 percent in July, the Department of Finance (DOF) said. In a statement, Finance Secretary Benjamin E. Diokno said the government will maintain a sound macroeconomic environment and pursue...
ILOILO CITY – The inflation rate in Western Visayas went up in August after five straight months of decline. The Philippine Statistics Authority (PSA)-6 said the inflation rate increased by 0.3 percent to 6.1 percent from 5.8 percent in July. A MARKET stall at La Paz Public Market in Iloilo City....
More than 7.0 million customers of Manila Electric Company (Meralco) will experience squeeze in their household budgets as the electricity tariff of the power utility will rise by P0.5006 per kilowatt hour (kWh) in its September billing cycle. The rate hike will drive up Meralco’s overall...
An estimated 2.27 million Filipinos found themselves without employment in July, the Philippine Statistics Authority (PSA) reported. In a briefing on Friday, Sept. 8, National Statistician Dennis Mapa said the preliminary results of the PSA’s Labor Force Survey showed that the number of jobless...
Malacañang assured the public that the government will intensify its monitoring of rice prices in the market. A rice vendor at Paco Market in Manila says regular milled rice sold at P41 per kilogram does not sell well due to its unusual appearance. (Arnold Quizol) Executive Secretary Lucas...
The Philippine Statistics Authority (PSA) reported that the prices of goods sold to wholesalers increased at a much faster pace in July due to higher costs of food inputs. According to the PSA data, the General Wholesale Price Index (GWPI) in the country rose to 4.5 percent in July from 4.0 percent...
(MANILA BULLETIN) Albay 2nd district Rep. Joey Salceda is anything but surprised by the faster inflation recorded for the month of August. "The general situation is expected, since much of the upward price movement is driven by world trade dynamics," Salceda said...
The government's chief economic manager said the Marcos administration's inflation assumption for the year is still feasible despite the rise in consumer prices last month. In a statement, Finance Secretary Benjamin E. Diokno said the government is determined to minimize the impact of inflation and...
The rate of increase in consumer prices accelerated for the first time in six months in August, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) reported. In a briefing on Tuesday, Sept. 5, National Statistician Dennis S. Mapa said that the headline inflation...
The chain of financial distress at the oil pumps will continue for Filipino consumers, as petroleum product prices are anticipated to rise again at the pumps by Tuesday (September 5), according to the oil companies. Based on the calculation of the industry players, diesel products will increase by...
The Energy Regulatory Commission has granted the plea of power utility giant Manila Electric Company (Meralco) and its affiliate-firm Panay Energy Development Corporation (PEDC) on their contract price adjustment. In tandem with that ruling of the Commission had also been the approval on a...
The purchasing power of Filipino motorists will be on another round of assault, as pump prices are expected to rise again at the gasoline stations next week, based on the calculation of the oil companies. According to the industry players, the price of gasoline will rise by P0.10 to P0.50 per...
