The Philippine economic growth accelerated in the third quarter this year, which coincided with the first three months of the Marcos administration, despite surging consumer prices, depreciating peso and heightened uncertainty about the global economy. In a briefing on Thursday, Nov. 10,...
Customers of Manila Electric Company (Meralco) will experience higher electric bills this month as its overall tariff went up by P0.0844 per kilowatt hour (kWh) to P9.9472 per kWh this November from the previous month’s P9.8628 per kWh. For residential end-users in the 200 kWh consumption band,...
The economy grew better than initially estimated in the second-quarter of the year, given the strong contributions of construction, real-estate, and manufacturing sectors. The Philippine Statistics Authority (PSA) on Wednesday, Nov. 9, slightly raised upward its April to June economic growth, or...
After successive contractions in the first six-months, farm output grew in the third-quarter of the year as production of crops, livestock, and poultry recovered, the Philippine Statistics Authority (PSA) reported. Data released by the PSA on Wednesday, Nov. 9, showed that the value of production...
TACLOBAN CITY – The inflation rate in Eastern Visayas went up to 7.4 percent in October after two consecutive months of deceleration, the Philippines Statistics Authority said. It registered double-digit inflation of 11.1 percent from 8.6 percent in September. The PSA attributed the uptrend...
Factory output sustained its positive annual growth, but at a much slower pace in September this year, the Philippine Statistics Authority (PSA) reported on Tuesday, Nov. 8. In its Monthly Integrated Survey of Selected Industries (MISSI), the PSA said the country's volume of production index (VoPI)...
The country’s unemployment rate fell to 5 percent in September this year, a new record low after the full reopening of the economy since the pandemic. The Philippine Statistics Authority (PSA) reported on Tuesday, Nov. 8, that the local labor market sustained its positive momentum with...
Imports continued to outpace the country’s exports, resulting in a much wider trade deficit in September, the Philippine Statistics Authority (PSA) reported. The PSA said on Friday, Nov. 4, that the country’s trade gap, or the difference between the value of export and import, jumped 26 percent...
The rate of increase in consumer prices accelerated further in October, hitting its fastest pace in nearly 14 years, on the back of higher food costs, the Philippine Statistics Authority (PSA) said. On Friday, Nov. 4, the PSA reported that headline inflation clocked in at 7.7 percent last month,...
The country’s palay and corn output likely increased in the third-quarter this year based on standing crops as of August, according to a report released by the Philippine Statistics Authority (PSA). Data from the PSA on Tuesday, Nov. 1 showed that the estimated production of palay and corn from...
Deputy Minority Leader and Bagong Henerasyon Party-list Rep. Bernadette Herrera has filed a House resolution calling for a probe on the problematic rollout of the national ID system. Bagong Henerasyon Party-list Rep. Bernadette Herrera Herrera, who filed House Resolution (HR) No. 471, said the...
Imports continued to outpace the country’s exports, resulting in a much wider trade deficit in August this year, the Philippine Statistics Authority (PSA) reported. The PSA said on Tuesday, Oct. 11, that the country’s trade gap, or the difference between the value of export and import, jumped...
