Cebu City’s inflation rate soars to 4.5% in January
Cebu City’s inflation rate soars to 4.5% in January.....»»
IN PHOTOS: Balik Cebu 2024
Summary: The Balik Cebu 2024 event, hosted at the Terraces, Ayala Center Cebu, has been a prominent part of the Sinulog festival for 22 years. In collaboration with the Cebu City Government, Mactan International Airport Association, and other tourism stakeholders, it aims to welcome back balikbayans (returning Filipinos) for the grand Sinulog festival. The Balik Cebu Dinner Show offers balikbayans the complete Sinulog experience, featuring Filipino cuisine, performances by Cebuano artists, the Sinulog Mardi Gras, the presentation of Miss Cebu winners and her court, Tribu Basakanaon, and a band performance. Tickets priced at P500 can be purchased at the Balik Cebu Turista Desk by presenting a passport or proof of residence outside the Philippines. Balikbayans can also buy up to three additional tickets for non-balikbayans accompanying them. The event will take place at Ayala Center Cebu on January 18 at 6 PM. (SPONSORED CONTENT).....»»
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.....»»
PH Inflation Sees Huge Dip in January 2024 Now at 2.8%
The country’s headline inflation has taken a significant dip, currently standing at 2.8%, according to the latest report from the Philippines Statistics Authority (PSA) released on February 6, 2024. According to PSA, this marks the lowest rate recorded since October 2020, showing a considerable drop from December 2023’s 3.9 percent and a noteworthy decrease from […].....»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
UC Webmasters bag 3 gold medals in Cebu City Olympics chess tourney
CEBU CITY, Philippines— The University of Cebu (UC) Webmasters secured three gold medals in the recently concluded Cebu City Olympics chess tournament held at SM Seaside City Cebu this week. After seven rounds of competition, John Dave Lavandero, Edelyn Vosotros, and Adina Vera Kwan dominated their respective categories. Importantly, they will represent Cebu City in.....»»
87th Charter Day: Commemorating Cebu City’s founding anniversary
CEBU CITY, Philippines — This coming February 24, 2024 marks the 87th Charter Day of the City of Cebu. It was in 1937 that the city received its charter after Cebu City Mayor Michael Rama’s grandfather and legislator, Vicente Rama, authored a bill that led to its cityhood. Cebu City Charter Day overview To trace.....»»
Stocks cheer slower inflation results for January
The stock market continued its ascent yesterday after domestic inflation was reported to have slowed down in January......»»
Inflation eases to 2.8 percent in January
Driven mainly by the slower increases in food prices, inflation eased further to 2.8 percent in January, according to the Philippine Statistics Authority......»»
Food prices pull down January 2024 inflation to 2.8%
During a press briefing on Tuesday, National Statistician and Philippine Statistics Authority chief Claire Dennis Mapa said that inflation dropped to 2.8% in January 2024, down from 3.9% in December of last year......»»
Stocks climb ahead of January inflation
The stock market started the week on a positive note as the main index stayed above the 6,700 level ahead of today’s January inflation report......»»
Inflation likely eased below 3 percent in January
Economists believe inflation further eased for the fourth straight month in January, with some convinced that the rise in consumer prices slowed to below three percent for the first time in more than three years......»»
BSP: Inflation likely eased further in January
Headline inflation likely slowed further for the fourth straight month in January, ranging between 2.8 and 3.6 percent, after easing to a 22-month low of 3.9 percent in December, according to the Bangko Sentral ng Pilipinas......»»
Jobless rate climbs to 4.5 percent in January
The country’s unemployment rate rose in January as the seasonal increase in jobs created by the heightened economic activity during the Christmas holidays faded......»»
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......»»
BSP keeps rates unchanged; inflation still global problem
The Bangko Sentral ng Pilipinas elected to keep interest rates steady after the PSA inflation data for March showed that inflation quickened here to 3.7% (increased for the third straight month)......»»
Food inflation pumalo sa 5.6%, bigas pinakamataas sipa ng presyo
Ayon kay Philippine Statistics Authority (PSA) Undersecretary Dennis Mapa, nasa 24.4% ang inflation ng bigas nitong Marso at malapit na ito sa all time high na 24.6% na naitala noon pang Pebrero 2009 na 24.6%. The post Food inflation pumalo sa 5.6%, bigas pinakamataas sipa ng presyo first appeared on Abante......»»
BSP sinisipat 4.2% inflation noong Marso
Sa pagtaya ng Bangko Sentral ng Pilipinas, maaaring umabot sa 4.2% ang inflation nitong Marso. The post BSP sinisipat 4.2% inflation noong Marso first appeared on Abante......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty
Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»
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......»»