President Ferdinand "Bongbong" Marcos Jr. has admitted that the country's inflation is "running rampant" and "out of control" but remains optimistic that the economy continues to recover. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "Although our growth rate looks healthy, our peso has...
President Ferdinand "Bongbong" Marcos Jr. has ordered the Philippine Statistics Authority (PSA) to fast-track the printing of the digital version of the Philippine Identification System (PhilSys) ID. President Ferdinand 'Bongbong' Marcos Jr. holds a meeting with officials of Philippine Statistics...
Consumer prices accelerated further to 8 percent in November, hitting a fresh 14-year high on the back of sustained rise in food costs, the Philippine Statistics Authority (PSA) reported. Headline inflation surged to 8.0 percent last month from 7.7 percent in October and 3.7 percent in the same...
SMC Global Power Holdings Corp. (SMCGP), the energy investment arm of San Miguel Corporation, contended that its step to elevate its rate hike case to the Court of Appeals (CA) is a valid legal remedy it can resort to after its petition was junked by the Energy Regulatory Commission. “Going to...
The P0.30 per kilowatt hour (kWh) joint rate hike application of Manila Electric Company (Meralco) and San Miguel Global Power Holdings Corporation (SMCGP) scored initial victory with the 60-day temporary restraining order (TRO) issued by the Court of Appeals (CA) on the verdict handed down by the...
The Energy Regulatory Commission (ERC) has kicked off review of prevailing power supply agreements (PSAs) between generation companies and the distribution utilities (DUs), primarily the electric cooperatives (ECs), on efforts to bring down electricity rates in the country. The scrutiny on the PSAs...
Senator Francis "Tol" Tolentino on Thursday, November 17, chided the Philippine Statistics Authority (PSA) over its supposed refusal to comply with a subpoena from the Senate Blue Ribbon Committee in relation to its investigation on the controversial procurement of overpriced and outdated laptops...
The country’s rosy economic environment failed to lure more foreign investments in the third-quarter, data from the Philippine Statistics Authority (PSA) showed. The PSA reported Tuesday, Nov. 15, that the total approved foreign investments in July to September 2022 went down by 22 percent to...
Power utility giant Manila Electric Company (Meralco) is scheduling another round of bidding by January next year for a 200-megawatt baseload power capacity to be sourced from renewable energy (RE) generating facilities. The auction date is scheduled on January 10, 2023, a follow-through to the...
The sharp decrease in the total fertility rate (TFR) of Filipino women is not a cause for alarm as this could be taken advantage of to hasten socioeconomic development in the country, the Commission on Population and Development (POPCOM) said on Monday, Nov. 14. The POPCOM was referring to the 2022...
Births per woman of a childbearing age in the country continued to decline this year, falling below the replacement level for the first time, the Philippine Statistics Authority (PSA) reported. Based on the preliminary results of the PSA’s 2022 National Demographic and Health Survey (NDHS),...
The government should not waste any opportunity to sustain the positive momentum of the growth of the Philippine economy, Senate Majority Leader Joel Villanueva said today. Villanueva made this statement following a Philippine Statistics Authority (PSA) report that the Philippine economy is growing...
