An economist stated that aside from the economic restrictions imposed by the Constitution, issues in education and infrastructure also deter foreign investors from entering the country. Bank of the Philippine Islands Lead Economist Emilio Neri, during a webinar at the Philippine Institute for...
Huge cash will be burned at the pumps next week, as oil products are anticipated to be on hefty price hikes again by Tuesday (February 20), according to the estimates of the oil companies. On the calculation of the industry players, gasoline prices will rise by P1.40 to P1.90 per liter, while...
While the proposed wage increase is meant to support workers, the Department of Finance (DOF) is concerned that it could lead to inflationary pressures and impose a heavier burden on small business owners. Finance Secretary Ralph G. Recto said on Thursday, Feb. 15, that the proposed legislation for...
Are you eyeing some sweet product, perhaps a cake, for your loved one this Valentine’s day? Worry less as popular baked-accompanied sugar and eggs are reported to decline their prices. Based on the data from the Philippine Statistics Authority, the average retail price of sugar shrunk to P78.10...
ILOILO CITY – The inflation rate in January is the lowest for Western Visayas since 2019. CONSUMERS buy fish in a stall in Iloilo City. (Tara Yap) The Philippine Statistics Authority (PSA)-6 said that prices of basic goods and services dropped 0.2 percent from 3.2 percent in December to three...
President Marcos assured the public that everyone would have jobs under the 'Bagong Pilipinas" (New Philippines) that his administration has been promoting. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this as he welcomed reports that the country's labor force...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez is upbeat over the Philppines' improving inflation rate, but admits that the country is still "not out of the...
The number of jobless individuals dipped to 1.6 million in December last year, the lowest in almost two decades, the Philippine Statistics Authority reported Wednesday, Feb. 7. Based on the PSA’s Labor Force Survey of 11,235 households, the unemployment rate stood at 3.1 percent, lower than the...
With rice prices soaring, the head of President Marcos' economic team said that their main focus is to lower inflation and protect the purchasing power of the Filipino people. Finance Secretary Ralph G. Recto said he was “encouraged by the further drop in the Philippines’ headline inflation to...
Consumers are urged to prepare for a surge in rice prices as the government warned that recent cost increases for the nation's staple food are expected to persist, posing a threat to the country's most vulnerable households. In a briefing, Philippine Statistics Authority (PSA) Undersecretary Claire...
The country's inflation rate in January this year marked its slowest growth in over three years, registering at 2.8 percent, the Philippine Statistics Authority (PSA) said. This means that the inflation rate, or the increase in prices of goods and services, moved at a slower pace during the period...
CAMP RAFAEL C. RODRIGUEZ, Butuan City – The Police Regional Office-13 on Wednesday, January 31, reported a 13.79 percent decrease in index and non-index crimes in the Caraga region. The PRO 13-Regional Investigation and Detective Management Division said that from July 18, 2023, to January 18,...
