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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......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

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......»»

Category: newsSource:  philstarRelated NewsJan 26th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsJan 21st, 2024

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......»»

Category: newsSource:  philstarRelated NewsJun 7th, 2024

Negros handicraft makers in conflict-free areas showcase best products

Negros handicraft makers in conflict-free areas showcase best products.....»»

Category: sportsSource:  abscbnRelated NewsJun 5th, 2024

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......»»

Category: newsSource:  philstarRelated NewsJun 2nd, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 27th, 2024

‘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.....»»

Category: newsSource:  inquirerRelated NewsMay 27th, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 20th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 19th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 16th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 14th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 12th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMay 11th, 2024

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,.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024