Fuel surcharge kept at year-high level
rTavelers will pay the same level of fuel surcharge for flight bookings in May, as the government is extending the current rate for a third consecutive month......»»
Maybe no Fed rate cuts in FY24?
A recent CNBC article captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025......»»
DSWD-Davao posts 68% ECT completion rate
THE Department of Social Welfare and Development-Davao Region (DSWD-Davao) reported a completion rate of approximately 68 percent for distributing Emergency Cash Transfer (ECT) to residents of Davao del Norte and Davao Oriental affected by the Shear Line and Low-Pressure Area (LPA)......»»
Chinese nabbed for P3 million bribe try in Taguig gun raid
A Chinese man was arrested for allegedly offering P3 million to police officers in exchange for releasing him and another Chinese earlier arrested during a raid on a townhouse in Taguig on April 14......»»
Understanding ‘chismis’ and why people do it
CEBU CITY, Philippines— Gossips. Here in the Philippines, it is considered one of our favorite pastimes. According to a study by the Psychological and Cognitive Sciences, gossip is simply an exchange of personal information. If you go around the streets of Cebu, you will find yourself looking at a group of people standing along.....»»
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.....»»
Stocks sink on rising geopolitical tensions
The stock market took its deepest plunge for the year as concerns over escalating geopolitical tensions overseas and delayed rate cuts at home prevailed......»»
It’s complicated
At the rate relations have been going downhill between the Marcos and Duterte clans, the current administration should be hoping that it won’t be replaced by one led by another Duterte......»»
3 suspected militants killed in southern Philippine clash
MANILA, April 15 (Xinhua) -- Philippine troops have killed three alleged members of Dawlah Islamiya (DI), an Islamic militant group, during a clash in the southern Philippines, the military said Monday. The military said a soldier was wounded in the 20-minute fighting that broke out on Saturday in a town in Lanao del Norte province. "The enemies were forced to withdraw and escape amid the exchange of gunf.....»»
As prices increase, farmers demand repeal of Rice Liberalization Law
“Farmers and consumers are demanding the strengthening of the rice industry as a solution to the perennial rice inflation, now nearing an all-time high rate that is expected to continue until July." The post As prices increase, farmers demand repeal of Rice Liberalization Law appeared first on Bulatlat......»»
San Miguel board approves P20-B bond issuance
San Miguel disclosed that its board of directors has approved a P20 billion issuance of fixed-rate Peso-denominated bonds......»»
PSE hopeful on talks for merger with PDS
The Philippine Stock Exchange Inc. (PSE) is aiming to wrap up negotiations with shareholders of the Philippine Dealing System Holdings Corp. (PDS Group) within the first half of the year, paving the way for the long-awaited integration of the local bourse with the fixed income exchange to finally happen this 2024......»»
Bidenflation Hits 18.8%, Putting Pressure on Americans
Title: Bidenflation Continues to Erode Americans’ Purchasing Power In a concerning development, the latest data reveals that Bidenflation has reached an alarming rate of 18.8%,.....»»
BSP approves more changes to forex rules
The Bangko Sentral ng Pilipinas has approved more amendments to its regulations to further facilitate the access of authorized agent banks to foreign exchange resources and streamline documentary requirements, procedures as well as reporting......»»
Peso may outperform peer currencies this year
The peso is seen outperforming other currencies in the region this year, but is not likely to strengthen against the dollar due to expectations of delayed rate cuts and the Philippines’ trade deficit, according to British banking giant HSBC......»»
2 cops held for extortion
Two policemen were arrested in Cotabato City on Friday for allegedly extorting money from a motorist in exchange for his impounded vehicle......»»
Mandaue City logs highest inflation rate
Mandaue City logs highest inflation rate.....»»
Mandaue labing taas og inflation rate sa HUCs
Mandaue labing taas og inflation rate sa HUCs.....»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
Philippines unemployment rate drops to 3.5 pct in February
MANILA, April 11 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.5 percent in February from 4.5 percent in January, the Philippine Statistics Authority (PSA) said on Thursday. PSA head Dennis Mapa said at a press conference that there were 1.8 million jobless Filipinos in February, lower than 2.15 million unemployed individuals in January. National Economic and Development Authority Se.....»»