The country’s inflation rate may have peaked this year after the rice tariff cut was implemented, analysts have suggested. In its June inflation report, the Bank of the Philippine Islands (BPI) stated that the July inflation data will likely remain near the upper limit of the Bangko Sentral ng...
The depreciation of the peso has not only driven up prices for imported goods for Filipino consumers but has also contributed to the substantial increase in the government's debt burden. According to the Bureau of the Treasury, the peso's “considerable” weakening, reaching a low point not seen...
The value transactions of banks and non-banks via the PESONet and InstaPay reached P3.81 trillion in the first quarter 2024, up 33 percent from same time last year of P2.87 trillion, based on data from the Bangko Sentral ng Pilipinas (BSP). The combined volume of both PESONet and InstaPay in the...
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 Labor and Employment (DOLE) recognized 10 Public Employment Service Offices (PESO) and job placement offices for being its frontline partners in promoting productive employment on the local level during the 23rd National PESO Congress from October 25 to 27 in Palo, Leyte. LABOR...
More than 7.7 million customers of Manila Electric Company (Meralco) will likely experience relief in their power bills this August, as the utility firm is anticipating downtrend in its overall rate in this billing cycle. “While we have yet to receive the final billings from our suppliers, we...
(MANILA BULLETIN, Unsplash) The Philippine peso is at its weakest against the United States (US) dollar in over four months, but don't sound the alarm. At least, that's not something economist-congressman Joey Salceda would do. Asked to comment on the skidding peso, which closed at P56.21 against...
The Philippine peso climbed back to the P56 level, closing at P56.14 to a US dollar on Tuesday, April 18, 2023Â from P55.85 on April 17. According to the Bankers Association of the Philippines, trading opened at P56 and reached a low of P56.23 before closing at P56.14 versus the greenback. The...
The summer heat will somehow be eased, as customers of Manila Electric Company (Meralco) are expected to enjoy reduction in their electric bills this month. There was preliminary expectation of a rate hike, but in the final computation, there were factors that ended up pulling down the overall cost...
The Pasig City local government will open on Monday, Feb. 13, the application for the Katuwang sa Agarang Hanapbuhay Program (KAAGAPAY), an alternative employment initiative led by the Public Employment Service Office (PESO). Described as a “community-based package assistance,” the KAAGAPAY...
San Juan City Mayor Francis Zamora urged his constituents to register their skills to the city's skill registry to streamline their hiring processes in case they are looking for a job in the city amid the ongoing Covid-19 pandemic. In his Facebook post, Zamora said that residents of Barangay...
Amid the public outrage over the Department of Trade and Industry's (DTI) suggested P500 noche buena, Albay 1st district Rep. Edcel Lagman shared on Twitter a hearty menu for the traditional Chirstmas meal that only costs P4. Albay 1st district Rep. Edcel Lagman (Facebook) The catch is, Lagman is...
