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Easing staple prices offer Filipino consumers respite
Philippine food inflation remained high in recent months......»»
Economy seen growing by 6.2 percent this year
Philippine economic expansion may pick up in the coming months, with growth seen averaging 6.2 percent this year, well within the government’s six to seven percent target, according to BMI Country Risk & Industry Research......»»
From bar dancer to candle vendor: The strength and resolve of a Cebuano single mother
CEBU CITY, Philippines – They always say that mothers, especially single mothers have the toughest job in the world. From carrying a child for nine months in their wombs, to enduring the cramps and contractions during childbirth, to nurturing a toddler into adolescence, and even beyond, mothers indeed handle a myriad of challenges with unwavering.....»»
Philippines manufacturing output declines in March
MANILA, May 8 (Xinhua) -- Manufacturing production in the Philippines recorded a decline in March, reversing its growth momentum in the past months, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) decreased by 1.7 percent and 0.8 percent in March.....»»
DMCI profit shrinks 25% to P5.6 billion in Q1
Earnings of diversified engineering conglomerate DMCI Holdings Inc. fell by a quarter in the first three months as a result of lower contributions from most of its businesses......»»
DigiPlus reports P2 billion net income in Q1 2024
Digital entertainment firm DigiPlus Interactive Corp. recorded a net income of P2 billion in the first three months of 2024......»»
Philippines gross int l reserves level settles at 103.4 bln USD in April
MANILA, May 7 (Xinhua) -- The Philippines' gross international reserves (GIR) decreased to 103.4 billion U.S. dollars at the end of April from 104.1 billion dollars at the end of March, the Philippine central bank said Tuesday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments.....»»
Inflation ticks up to 3.8% in April - The Manila Times
MANILA, Philippines: Inflation slightly accelerated last month due to increases in key food items, the Philippine Statistics Authority reported on Tuesday. For three consecutive months, inflation picked up 3.8 percent in April from March's 3.7 percent but was lower than the 6.6 percent recorded in the same month last year. It is well within the estimate of the Bangko Sentral ng Pilipinas (BSP) for the month at 3.5- to.....»»
GOCC dividends surge to P88.6B - The Manila Times
DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»
Abra barangay execs suspended for death penalty ordinance on garbage dumping
Barangay Calaba, Bangued chairman Renato Brasuela and five barangay councilors or kagawad, including the barangay Sangguniang Kabataan chairperson were suspended for three months for crafting a barangay ordinance in February that sought to mete out “death” as a third offense penalty for illegally dumping garbage......»»
April inflation seen breaching 4 percent target
Inflation likely picked up and breached the four percent upper target for the first time in five months in April, which will prompt the Bangko Sentral ng Pilipinas (BSP) to keep its hawkish stance, a poll of economists showed......»»
Record field in world dragon boat meet
With six months left before the event, the International Canoe Federation Dragon Boat World Championships to be hosted by Puerto Princesa City is bound to surpass the previous editions in terms of participation......»»
Over 2K infants receive critical immunizations
DR. JULINDA Acosta, chief of the City Health Office (CHO)-Technical Division, reported that the City Government of Davao has vaccinated approximately 500 infants aged zero to 23 months with their first dose of Pneumococcal Vaccine (PCV) from April 24 to 27, 2024......»»
DILG: Crime rate lower under President Marcos compared to Duterte
The Philippine National Police (PNP) has recorded a lower crime rate during the first 21 months of the Marcos administration compared to the same period under former President Rodrigo Duterte......»»
InstaPay, PESONet transactions hit P3.8 trillion in Q1
The value of online payments coursed through the automated clearing houses established by the Bangko Sentral ng Pilipinas (BSP) reached P3.81 trillion in the first three months of the year, as Filipinos continue to use digital channels for their financial transactions......»»
Tapales holds firm in top 3 spot of the 122-pound division
CEBU CITY, Philippines — Former two-division world champion Marlon “Nightmare” Tapales remains a significant figure in the boxing world’s 122-pound division. This is because Tapales has maintained his position as the No. 3 contender in the World Boxing Council (WBC) for two consecutive months. Tapales is scheduled to have a tune-up fight on May 10.....»»
P65-M worth shabu destroyed in Sulu the unusual way
Officials on Wednesday constructed an iconic marker in the premises of a court in Patikul, Sulu from a mixture of cement and P65 million worth of shabu confiscated in anti-narcotics operations in the island province in the past 14 months......»»
Budget gap widens to P273 billion in 3 months
The country’s budget shortfall slightly increased in the first quarter as the government continued to spend more than what it generated from revenues......»»
DOF completes team of senior officials
Three months since his appointment, Finance Secretary Ralph Recto has finally assembled a complete team that would help him consolidate the country’s finances and generate much needed revenues for state coffers......»»
Precarious
The precariousness of our energy situation stares us in the face as the hot months become hotter still. Energy rationing has become a distinct possibility......»»