House Speaker Martin Romualdez said Saturday, Feb. 22, that lowering the cost of essential goods and ensuring economic stability were the Marcos administration’s top and urgent priority. Stressing that every Filipino family is directly affected if the prices of basic needs are high,...
Easing food price pressures in the Philippines are sustainable, according to the World Bank, lessening the pain inflicted by inflation on consumers’—especially the poor’s—pockets. "Food inflation is expected to decline following further reductions in import tariffs implemented in late July...
The Philippine Statistics Authority (PSA) reported that the government’s decision to lower rice import tariffs is starting to affect consumer prices. In a briefing, National Statistician and PSA Undersecretary Claire Dennis S. Mapa said the tariff reduction significantly contributed to the...
The cost of rice in the country went up despite the inflation rate easing to 4.1 percent, the lowest reading in 20 months since March a year ago. The inflation record during the month was significantly lower than the 8 percent in the same period last year, and 4.9 percent in October 2023....
Onions (Ellson Quismorio/ MANILA BULLETIN) The House Committee on Agriculture and Food will continue to keep an eye on prices of rice, onions and other agricultural products in a bid to address food inflation. Thus, said committee chairman, Quezon 1st...
The Philippine Statistics Authority (PSA) reported the prevalent non-compliance of rice retailers with the price ceilings set by President Marcos. National Statistician Claire Dennis Mapa said a majority of rice retailers, approximately 76 percent to 80 percent, have failed to adhere to the...
(MANILA BULLETIN) A neophyte congressman is calling on the government to do everything it can to address food inflation amid rising hunger in the Philippines. "Hindi po nakapagtataka na mas maraming mga kababayan natin ang nagugutom dahil patuloy pa rin ang pagtaas...
Senator Christopher “Bong” Go on Thursday, July 27 vowed to help the Marcos administration bring down inflation. In an interview in Parañaque City, Go echoed President Ferdinand Marcos, Jr.'s sentiments on how the nation has been grappling with inflationary pressures, largely due to global...
An expansive range of stakeholders from the Central Visayas business community expressed “strong opposition” on the proposed P150 daily minimum wage hike, warning of an “inflationary effect” once such measure by the legislative branch is passed into law. A joint statement from Central...
Senatorial aspirant and former Quezon City mayor Herbert Bautista on Sunday called on the national government to revise its Pantawid Pamilyang Pilipino Program or 4Ps in a bid to protect poor Filipino families from increasing prices of food. He made the appeal after data from the National Economic...
The Department of Finance (DOF) is calling for the passage of the Warehouse Receipts Bill to professionalize the industry as well as help the country in attaining food security. In a DOF Economic Bulletin on Sunday, Dec. 26, Finance Undersecretary and Chief Economist Gil S. Beltran said storage,...
The rate of increase in consumer prices was steady for the third straight month in May, but remained above the Duterte administration’s target, data from the Philippine Statistics Authority (PSA) showed on Friday, June 4. The country’s headline inflation clocked in at 4.5 percent last month,...
