The Department of Finance (DOF) noted a slowdown in rice inflation for April, ending a streak of six months of acceleration, largely driven by the falling global price of this essential food item. Despite rice continuing to be the main contributor to headline inflation with 2.1 percentage points,...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Members of the House of Representatives hailed on Tuesday, May 7 the swift passage at the committee level of a measure that aims to amend the Rice Tariffication Law (RTL) for the purpose of...
Senator Ronald “Bato” dela Rosa, chairperson of the Senate Committee on Public Order and Dangerous Drugs (Senate PRIB) House Deputy Speaker and Quezon 2nd district Rep. David "Jay-jay" Suarez has told the Senate to shift its focus to urgent...
The country’s contact center and business process sector is expected to post an estimated record annual revenue of around $32.16 billion in 2024, the Contact Center Association of the Philippines (CCAP) said. In a statement, CCAP President Mickey Ocampo said the revenue projection is...
The government has renewed its partnership with the United Nations to steer the achievement of Sustainable Development Goals (SDG) and implement the Philippine Development Plan (PDP) 2023-2028. The National Economic and Development Authority (NEDA), together with the Department of Affairs, held a...
With the heat index continuing to rise in the Philippines, Filipinos have had no choice but to turn to electric fans and air conditioners to cool down. Beating the heat, however, comes with a heavy price. The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA)...
Consumers will still feel the deepest financial pain triggered by surging electricity rates due to simultaneous plant outages in the past two weeks, but the Department of Energy (DOE) is urging the distribution utilities (DUs) to tap palliative interest-bearing loan from the Land Bank of the...
Addressing climate change has never been more urgent than when Intergovernmental Panel on Climate Change's Sixth Assessment Report found that climate risks are emerging sooner and will worsen faster than anticipated, making adaptation more difficult with rising global temperatures. Low-income...
Aboitiz-led Union Bank of the Philippines has set the terms and timetable for its P10- billion stock rights offering with the offer price set at a discounted P30.57 per share. In a disclosure to the Philippine Stock Exchange the bank said the offer price was determined based on the volume-weighted...
NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn't plan to cut interest rates until it has "greater...
Senator Robinhood “Robin” Padilla expressed his belief that there is no better model when it comes to responsible gun ownership than him, citing his 3-year incarceration for illegal possession of firearms. (Photo from the Facebook page of Senator Robinhood Padilla) "Siguro pagkatapos ng...
Senators on Thursday, May 2, expressed their support to President Marcos' order on Labor Day for the timely review of the minimum wage amid rising prices of goods and services across the country. Senate Majority Leader Joel Villanueva said that they welcome this move by the President to ensure that...
