The Philippine Statistics Authority (PSA) reported that committed foreign investments last year went up 25 percent as the local economy reopened after the prolonged pandemic. Data from the PSA showed Thursday, Feb. 16, that the total approved foreign investments reached P241.89 billion in January...
On the heels of the disappointing news that the inflation rate had risen even higher to 8.7 percent in January – beyond the Bangko Sentral ng Pilipinas’ forecast range of 7.5 to 8.3 percent, and the government’s target range of two to four percent – there was a vital piece of good news on...
Meralco rates to go down very slightly this February By MYRNA M. VELASCO There will be very marginal reduction of P0.0106 per kilowatt hour (kWh) in the electric bills of Meralco customers this month mainly due to the downtrend in the generation charge component of the unbundled electric bills. The...
A VENDOR sells fresh fish in Iloilo City. The inflation rate in Western Visayas has eased after 10 months due to lower food and non-alcoholic beverage prices. (Tara Yap) ILOILO CITY – What goes up must come down. The inflation rate in Western Visayas eased 0.2 percent after 10 straight months of...
A ranking congresswoman wants the House of Representatives to investigate the utilization of billions worth of government funds on the delay-ridden Philippine Identification System (PhilSys) project, or the national ID project. Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA...
Factory output slowed in December due to weak manufacturing of transport equipment, computer, electronic, optical products and basic metals, the Philippine Statistics Authority (PSA) reported. In the Monthly Integrated Survey of Selected Industries (MISSI) released on Thursday, Feb. 9, the...
The country's unemployment rate dropped to 4.3 percent in December 2022 as against 6.6 percent in December 2021, but the full-year unemployment rate remained below its pre-pandemic average, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report on Wednesday, Feb. 8, the...
Increase in consumer prices further accelerated in January, defying all expectations that it had peaked last December, as food prices remained elevated coupled with costlier utilities and housing rentals, the Philippine Statistics (PSA) reported. Headline inflation accelerated further to 8.7...
Hocheng Philippines Corporation (HCG), a total bathroom solutions provider, has renewed its power supply agreement with First Gen Corporation of the Lopez group. The new lease on their contract entails that HCG will continue to draw its 850-kilowatt power requirements from the geothermal assets of...
There’s still plenty of gas left in the tank for Hidilyn Diaz. More than a year since giving the Philippines its first gold medal in the Olympics, the Filipina weightlifter hasn’t slowed down yet and reached another milestone in her storied career. Hidilyn Diaz will be honored with her third...
The Philippine Statistics Authority (PSA) has reported that the agency has printed over 50 million physical and digital versions of the Philippine Identification (PhilID). PSA Undersecretary Dennis S. Mapa said that out of 50,262,059, about 30,558,332 were PhilIDs - of which, 23,256,884 are...
Joint venture firm SN Aboitiz Power (SNAP) has inked power supply agreements (PSAs) for the procurement of electric capacity from power plants owned by PetroGreen Energy Corporation (PGEC) and PetroSolar Corporation (PSC) of the Yuchengco group. In a statement to the media, SNAP indicated that the...
