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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.....»»
Inflation: A Beginner’s Guide
Inflation is a concept that greatly affects everyone’s daily lives, yet many still find it somewhat confusing to understand. Simply put, you can think of inflation as this: As prices rise over time, the purchasing power of money decreases. This will greatly impact your savings plans, investments, and your overall financial stability. However, there is […].....»»
REIN in inflation!
It didn’t take long for Finance Secretary Ralph Recto to take full command of the economic cluster as he assumed responsibility for keeping inflation numbers low. And Ralph even coined an acronym: REIN or Reduce Emerging Inflation Now......»»
Mavy Legaspi sees no problem with Darren Espanto, Kyline Alcantara shipping
Kapuso actor Mavy Legaspi sees no problem with former love team partner Kyline Alcantara being "shipped" or teased with Darren Espanto......»»
‘Long ways to go’: Cone still sees room for improvement after Gilas rout
Coach Tim Cone sees both the good and the bad in Gilas Pilipinas' 30-point demolition of Hong Kong at the start of the FIBA Asia Cup Qualifiers.....»»
BSP to keep policy stance unchanged
Monetary authorities may keep the benchmark interest rates unchanged in the near term as inflation quickened for the first time in five months, and could accelerate further to above the two to four percent target in the second quarter......»»
Livestock, pasture damage due to El Niño in NegOcc reach P16.4M
Livestock, pasture damage due to El Niño in NegOcc reach P16.4M.....»»
El Niño damage in NegOcc reaches P214M
El Niño damage in NegOcc reaches P214M.....»»
Negros Occidental gets most number of food packs for El Niño damage
Negros Occidental gets most number of food packs for El Niño damage.....»»
El Niño damage to livestock in Negros Occidental reaches P10M
El Niño damage to livestock in Negros Occidental reaches P10M.....»»
Talisay City Fire displaces 16 families, leaving damage of P1.2 million
Talisay City Fire displaces 16 families, leaving damage of P1.2 million.....»»
Western Visayas El Niño agricultural damage now P770.5 million
Damage to agriculture in Western Visayas due to El Niño has increased to P770.5 million as of April 1, according to the Office of Civil Defense......»»
El Niño agri damage hits P1.2 billion — NDRRMC
In NDRRMC’s latest report, the total damage in agriculture recorded was estimated at P1,236,853,305 with a total volume of 44,845.42 metric tons. .....»»
Man-made disasters cost Philippines 164.87 mln USD in 2023
MANILA, March 26 (Xinhua) -- Man-made disasters caused the total damage in the Philippines worth 9.29 billion pesos (164.87 million U.S. dollars) in 2023, the Philippine Statistics Authority (PSA) said Tuesday. The agency said that out of the total annual damage, 4.93 billion pesos (87.5 million dollars), or 53.1 percent, was due to the oil spill. "The reported oil spill in various regions resulted in dam.....»»
Losses to Philippine agriculture due to El Nino reach 31 mln USD
MANILA, March 20 (Xinhua) -- The El Nino dry spell and ensuring drought have caused over 1.75 billion pesos (roughly 31 million U.S. dollars) in damage to Philippine agriculture, a senior government official said Wednesday. This year's losses due to El Nino are still low compared to 2009 when the damage to agriculture reached 17 billion pesos (302 million dollars), Presidential Communications Office Assistant Se.....»»
NO STATE OF CALAMITY DECLARATION | Crop damage in WV due to El Niño reaches over P761M
NO STATE OF CALAMITY DECLARATION | Crop damage in WV due to El Niño reaches over P761M.....»»
AREA ASSESSMENT | DA conducts survey for cloud seeding as dry spell damage in NegOcc reaches P77.7M
AREA ASSESSMENT | DA conducts survey for cloud seeding as dry spell damage in NegOcc reaches P77.7M.....»»
800% increase in fire damage in Mandaue in 2024
800% increase in fire damage in Mandaue in 2024.....»»
El Niño damage to agriculture sector hits P357.4 million
The damage the El Niño phenomenon brought to the agriculture sector in four regions alone – Ilocos, Mimaropa, Western Visayas and Zamboanga peninsula – has already ballooned to P357.4 million, according to the Department of Agriculture......»»