The country’s inflation is expected to remain above-target in the second quarter with an estimated average of 4.2 percent compared to the 3.3 percent average in the first quarter this year, according to analysts from First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific...
WASHINGTON — Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates. The Commerce Department is expected to report Thursday that...
The National Economic and Development Authority (NEDA) said it is crucial to ease the inflation rates, particularly the rice prices, in the coming months to achieve the government's growth target. NEDA Secretary Arsenio M. Balisacan told reporters that the goal of keeping the inflation within...
CALAPAN CITY, Oriental Mindoro – The provincial government has filed a petition before the Energy Regulatory Commission opposing the move of the National Power Corp. to increase electricity rates in areas outside the main Luzon grid by as much as 36 percent. In a seven-page petition, the...
ILOILO CITY – The inflation rate – the increase in prices of basic goods and services – in Western Visayas region jumped 0.4 percent from 2.7 percent in February to 3.1 percent in March. Nida Amolar, Philippine Statistics Authority (PSA)-6 officer-in-charge and chief...
Albay 2nd district Rep. Joey Salceda (MANILA BULLETIN) Prices of rice--the country’s staple grain--are so impactful that they actually affect the quality of jobs available to Filipinos. Thus, said economist-solon Albay 2nd district...
Job creation gained momentum in February as payrolls surged by over 350,000, reflecting robust growth in employment opportunities locally. The Philippine Statistics Authority (PSA) reported a decline in the number of jobless Filipinos to 1.8 million in the second month of the year from 2.15 million...
There is a major silver lining after all to the scorching blow of the summer months, as the electricity rates of utility giant Manila Electric Company (Meralco) will be reduced significantly by P0.9879 per kilowatt hour (kWh) in its April billing cycle. As announced by the power firm, its overall...
Albay 2nd district Rep. Joey Salceda (Ellson Quismorio/ MANILA BULLETIN) The Philippines continues to feel the effects of the "abnormal" price of rice in global market, thus the higher inflation rate this past month. Economist-solon...
Consumer prices accelerated for the second consecutive month, driven by faster increases in food and transportation costs, the Philippine Statistics Authority (PSA) reported on Friday, April 5. Based on the PSA report, the the country's headline inflation quickened to 3.7 percent in March this year...
As surging costs of ancillary services or power reserves had been pointed to as culprit in electricity rate hikes, the Energy Regulatory Commission (ERC) has directed ‘settlement and billing suspension’ for the reserve market for the March billing period. The stoppage of reserve market...
Finance Secretary Ralph G. Recto said that the inflation rate would increase in March but would not exceed the three percent to four percent target band amid higher interest rates. “We're expecting that, it will be a bumpy road. Now, if that will happen then I think the interest rates will be...
