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What to expect from Sec. Ralph Recto leadership at DOF
Former senator, former NEDA Secretary, congressman, and deputy speaker until this week, and now Secretary of the Department of Finance (DOF), Ralph Recto has a colorful and multiple experience in both the Legislative and Executive branches of the government......»»
Diokno turns over DOF helm to Recto
Secretary Ralph Recto started the ball rolling as he formally took over the helm of the Department of Finance, with former DOF chief and now Monetary Board member Benjamin Diokno handing over the agency in a simple ceremony yesterday......»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Diokno proud to leave DOF in better state of affairs
"I am proud knowing that I will be leaving my post at a time when the Philippine economy, in general, and the DOF, in particular, are in a better state of affairs than when I inherited them.".....»»
Cebu Province inflation rate soared in March 2024
CEBU CITY, Philippines — Cebu Province inflation rate rose in March as Cebuanos continue to grapple with rising prices of goods and commodities, the latest inflation report by the Philippine Statistics Authority (PSA) Cebu showed. On Wednesday, April 17, PSA Cebu Chief Statistical Specialist Melchor Bautista presented the inflation report in Cebu Province for March.....»»
PH Inflation Sees Huge Dip in January 2024 Now at 2.8%
The country’s headline inflation has taken a significant dip, currently standing at 2.8%, according to the latest report from the Philippines Statistics Authority (PSA) released on February 6, 2024. According to PSA, this marks the lowest rate recorded since October 2020, showing a considerable drop from December 2023’s 3.9 percent and a noteworthy decrease from […].....»»
Nestle, Danone see price hikes slowing after years of sharp increases
LONDON/PARIS (Reuters) -Two of the world’s top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that prompted many shoppers to seek cheaper alternatives for basic goods like yoghurt and coffee. But Danone, which owns brands including Evian and Badoit waters and Activia.....»»
PLDT buys 35% of Meralco unit
Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»
FDI inflow down 17.5% in 10 months
The net inflow of foreign direct investments fell by 17.5 percent from January to October 2023, reflecting the adverse impact of persistent inflationary pressures and slowing global growth prospects on investor sentiment......»»
BSP keeps rates unchanged; inflation still global problem
The Bangko Sentral ng Pilipinas elected to keep interest rates steady after the PSA inflation data for March showed that inflation quickened here to 3.7% (increased for the third straight month)......»»
Food inflation pumalo sa 5.6%, bigas pinakamataas sipa ng presyo
Ayon kay Philippine Statistics Authority (PSA) Undersecretary Dennis Mapa, nasa 24.4% ang inflation ng bigas nitong Marso at malapit na ito sa all time high na 24.6% na naitala noon pang Pebrero 2009 na 24.6%. The post Food inflation pumalo sa 5.6%, bigas pinakamataas sipa ng presyo first appeared on Abante......»»
BSP sinisipat 4.2% inflation noong Marso
Sa pagtaya ng Bangko Sentral ng Pilipinas, maaaring umabot sa 4.2% ang inflation nitong Marso. The post BSP sinisipat 4.2% inflation noong Marso first appeared on Abante......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty
Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»
Cebu’s inflation rate rose in Feb compared to January
CEBU CITY, PHILIPPINES – Cebu’s inflation rate rose slightly in February compared to lJanuary as prices have gone up in most parts of the province including the tri-cities of Cebu, Lapu-Lapu, and Mandaue. This was after the Philippine Statistics Authority (PSA) Cebu Province announced the current inflation rate of Cebu including the Highly Urbanized Cities.....»»
Climate shocks on inflation can last up to 4 years – BSP
Climate-related inflation shocks may be felt for up to four years, causing a pronounced hike in headline inflation, a study by the Bangko Sentral ng Pilipinas Research Academy showed......»»
Philippine inflation rises to 3.4 pct in February
MANILA, March 5 (Xinhua) -- Year-on-year inflation in the Philippines rose to 3.4 percent in February from 2.8 percent in January, the first uptrend after a downtrend for four straight months, the Philippine Statistics Authority (PSA) said on Tuesday. The uptrend in the overall inflation in February was primarily influenced by the higher year-on-year increase in the heavily-weighted food and non-alcoholic bevera.....»»