The Department of Finance (DOF) has vowed to prioritize efforts aimed at curbing the elevated consumer prices that are impeding the country's economic growth and hindering the generation of additional government revenues. In a briefing on Wednesday, Jan. 24, Finance Secretary Ralph G. Recto said...
The Philippines’ economic growth will maintain its progress this year only if effective policy responses are being implemented, researchers from the Philippine Institute for Development Studies (PIDS) said. In a study titled “Macroeconomic Outlook of the Philippines in 2023–2024: Prospects...
ILOILO CITY – The Western Visayas region recorded its lowest inflation rate since 2021 last December, the Philippine Statistics Authority (PSA)-6 said. PEOPLE purchase fish in a stall in Iloilo City. Inflation in Western Visayas decreased to a two-year low last month. (Tara Yap) PSA-6 said the...
The Philippines is more likely to have a lower inflation rate this year driven by a possible decline in crude oil prices despite an increase in rice prices, an economist said. Victor A. Abola, an economist from the University of the Asia and the Pacific, said in a briefing that inflation in 2024...
The country’s economy is expected to reach six percent this year with the help of robust private consumption and government infrastructure spending, the Metrobank Group’s investment arm First Metro Investment Corp. said. In a breifing, First Metro President Jose Patricio Dumlao said that the...
The Department of Finance (DOF) said the projected slowdown in inflation this year would not only be favorable for consumers, but it may also serve as a reason for the Bangko Sentral ng Pilipinas (BSP) to reduce borrowing costs. Finance Secretary Benjamin E. Diokno said on Monday, Jan. 8, that the...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez says he won't think twice about recommending another rice price cap to President Marcos should the situation need it. “We will continue to monitor the prices of rice...
(MANILA BULLETIN) House Speaker Martin Romualdez says that the Philippines under the Marcos administration has successfully "tamed the monster" that is fast inflation. Romualdez in a statement noted that the nation began 2023 facing a 14-year inflation peak of 8.7...
The wholesale price growth of general goods saw a slowdown in November last year at 4.2 percent from October, data from the Philippine Statistics Authority (PSA) showed. The November reading of the general wholesale price index (GWPI) was weaker than the year-earlier 7.2 percent. From January to...
(MANILA BULLETIN) With rice prices again on the uptrend, keeping the staple grain stable in markets will play a huge role in making 2024 a good year for the economy, according to Albay 2nd district Rep. Joey Salceda. Salceda said rice accounts...
The cost of rice shot up by 19.6 percent in December last year, marking its highest increase in over 14 years, the Philippine Statistics Authority (PSA) reported. This reading, according to the statistics agency, was also the highest in 2023 since rice inflation peaked in September due to the...
President Marcos said that his administration will work on strengthening the country's agriculture programs and focus on measures that would keep basic needs affordable this 2024. File photos (Malacañang, Manila Bulletin) Marcos said this as he welcomed reports that the inflation rate dropped to...
