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April inflation comes in at 3.8%
The Philippine Statistics Authority revealed that inflation quickened slightly in April to 3.8% y/y, up from the 3.7% reading in March, but below estimates from economists who (on average) were expecting to see inflation come in at around 4.1% for the month......»»
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.....»»
Government fully awards P30 billion T-bonds at higher rates
The government secured P30 billion in long-term securities yesterday but at slightly higher rates after inflation picked up and ended four months of easing......»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
Self-rated poverty dips, but hunger increases – poll
Although self-rated poverty slightly went down in the fourth quarter of 2023, a recent survey conducted by OCTA Research showed more Filipinos experiencing hunger......»»
Strong El Niño to end this month – Pagasa
The strong El Niño is seen to end this month, but state meteorologists warned the public that its adverse effects may continue to be felt until May......»»
Pagasa says LPA may not enter PAR, but trough to bring rain in Mindanao
MANILA, Philippines — The low pressure area monitored outside the Philippine area of responsibility (PAR) is unlikely to enter PAR, state meteorologists said on Sunday afternoon. “Itong low pressure area sa labas ng ating Philippine area of responsibility, mababa ang tiyansa na pumasok nga sa ating area of responsibility,” specialist Veronica Torres explained in a.....»»
DTI, TikTok to boost local MSMEs, expand market reach to rural areas
The Department of Trade and Industry is aiming to bolster support for micro, small, and medium enterprises in the Philippines and expand their market reach to provincial areas through a partnership with TikTok, one of the largest social media and e-commerce platforms......»»
Negros handicraft makers in conflict-free areas showcase best products
Negros handicraft makers in conflict-free areas showcase best products.....»»
Palace declares holidays in 11 areas
Malacañang has declared non-working holidays in 11 areas in the country to allow residents to commemorate their anniversaries and participate in local events......»»
Holidays declared in 3 Visayas Mindanao areas
Malacañang has declared special non-working holidays in three areas in the Visayas and Mindanao for the commemoration of their founding anniversaries and local festivals next month......»»
‘Dangerous’ heat indices expected in 28 areas on May 28
MANILA, Philippines — Even amid the presence of Typhoon Aghon, 28 areas are still forecast to reach “dangerous” level peak heat indices of above 42ºC (degrees Celsius), said the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Based on Pagasa’s latest computed heat index forecast, the highest index is expected to reach 46ºC, specifically in.....»»
Tropical Depression Aghon: Signal No.1 up in 12 areas
MANILA, Philippines — Tropical Depression Aghon has maintained its strength and the state weather agency raised Tropical Cyclone Signal No. 1 in 12 areas nationwide on Friday. The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) said that Aghon was last seen 240 kilometers east of Hinatuan, Surigao del Sur. In its latest advisory, Pagasa.....»»
Marcos hits past administrations for ‘inaction’ in Yolanda areas
The past two administrations had done “nothing” to rehabilitate areas devastated by Super Typhoon Yolanda, President Marcos said yesterday......»»
31 areas, including Metro Manila, to hit dangerous heat index on May 19
State weather bureau PAGASA warned that the heat index in 31 areas across the country is expected to soar to dangerous levels on Sunday......»»
DA eyes untapped West Philippine Sea areas to boost fish production
The Department of Agriculture is eyeing to develop untapped areas in the West Philippine Sea to boost the country’s fish production and lessen dependence on importation, a ranking official said yesterday......»»
Holidays set in 7 Philippine areas
Malacañang has declared special non-working holidays in various areas in the country that are and will be celebrating their foundation days and festivals......»»
31 areas, including Metro Manila, face dangerous heat index on May 12
State weather bureau PAGASA warned that the heat index in 31 areas across the country, including parts of Metro Manila, is expected to soar to dangerous levels on Sunday......»»
27 areas to reach dangerous heat index on May 11
State weather bureau PAGASA said that the heat index in 27 areas is expected to reach the dangerous levels on Saturday......»»
Tropical cyclone likely to enter PH this week - The Manila Times
MANILA, Philippines: The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said a tropical cyclone may enter the Philippine Area of Responsibility (PAR) later this week. "The weather disturbance, which was predicted to enter PAR this weekend, would likely affect some areas in Mindanao," weather specialist Rhea Torres said. In the meantime, most areas will continue to swelter,.....»»