President Marcos has vowed to invest in job-generating infrastructure and social protection programs to further lower the country's poverty rate to nine percent by 2028 after reporting that the poverty rate dropped to 15.5 percent last year. In a video message late Friday, Aug. 9, Marcos noted that...
ILOILO CITY – The inflation rate in Western Visayas dropped to 4.8 percent in July, the Philippine Statistics Authority-6 said on Friday, August 9. THE La Paz Market in Iloilo City is abuzz with commercial activity. (Tara Yap) ida Amolar, PSA-6 officer-in-charge and chief statistical specialist,...
The Energy Regulatory Commission (ERC) has disclosed to Congress that it will be submitting the result of its performance review on system operator National Grid Corporation of the Philippines (NGCP) by December. “We have until the end of the year to submit our findings to the President,” ERC...
Finance Secretary Ralph G. Recto stated on Wednesday, Aug. 7, that while the reduction of borrowing costs may still take place within the year, it is likely to happen later than August. During a press briefing at the Kapihan sa Manila Bay, Recto said that the decision to cut key policy rates by...
The number of unemployed Filipinos decreased by 30 percent to 1.62 million in June from 2.33 million in the same month last year. According to the Philippine Statistics Authority (PSA), the number of jobless individuals in June also decreased from 2.11 million in May 2024. This decline led to...
President Marcos’ chief economic manager stated that the substantial rise in consumer prices in July was temporary and is expected to align with the government’s target range in the coming months. Finance Secretary Ralph G. Recto said in a statement that the 4.4 percent inflation rate recorded...
(Unsplash) Albay 2nd district Rep Joey Salceda has always blamed rice prices for past instances of quickened inflation; that's not the case anymore. "It’s no longer rice, rice, rice. It’s corn," the economist-solon said in a...
Consumer prices surged by 4.4 percent in July, surpassing the government's target for the first time this year due to a faster increase in utilities, food, and transportation costs. According to the Philippine Statistics Authority (PSA), the country’s headline inflation rate last month...
Finance Secretary Ralph G. Recto said that the inflation rate may move at a much faster pace in July, while the impact of Typhoon Carina on the prices of goods is expected to be felt in the following months. “I think, coming from a low base, the inflation will be higher, but still within target...
BACOLOD CITY – The Negros Occidental Police Provincial Office (Nocppo) said the number of crimes in the province went down by 11 percent in the first half of the year. THE NOCCPO grandstand in Bacolod City, Negros Occidental. (Glazyl Masculino) A total of 2,104 incidents were reported from...
ILOILO CITY – President Ferdinand R. Marcos Jr. called out Western Visayas region for its low vaccination rate during the third State-of-the-Nation Address (SONA) on Monday, July 22. TODDLERS and children are immunized in Santa Barbara town, Iloilo province. (DOH-6) “Tuloy-tuloy...
President Marcos was proud when he said that the Philippines was able to weather the different challenges it faced, especially economic challenges. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/MANILA BULLETIN) Marcos said this as he delivered his third State of the Nation Address (SONA)...
