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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......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

NCR construction material price growth eases in March

Retail prices of construction materials in Metro Manila went up at its slowest pace in more than four years in March, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

Number of jobless Filipinos eases in February

The number of unemployed Filipinos decreased in the second month of 2024, posting an unemployment rate of 3.5%, the Philippine Statistics Authority reported on Thursday......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

Jobless rate eases to 3.5% in February

The country’s unemployment rate declined in February as more employment opportunities were created in the wholesale and retail trade and agriculture sectors, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

Factory activity eases in March

The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule

The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

BSP Governor Eyes Potential Rate Cut as Inflation Eases

In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»

Category: newsSource:  metrocebuRelated NewsJan 30th, 2024

NCR construction materials price growth eases in 2023

Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

Banks’ NPL ratio eases to 3.41 percent in November

The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

No classes in Cebu province due to extreme heat

CEBU CITY, Philippines — All classes in Cebu province are suspended beginning Friday, April 5 until further notice as the summer heat became risky for teachers and students to go out. Governor Gwendolyn Garcia on Friday issued a memorandum, directing local governments under the province’s jurisdiction to cancel all classes until further notice. READ MORE:.....»»

Category: newsSource:  inquirerRelated NewsApr 5th, 2024

Insurance penetration rate slips further to 1.6 percent

The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Further improvement in Philippines external position seen

The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

NEDA: Further reforms needed in telco industry

The National Economic and Development Authority is pushing for the passage of an open access framework bill and key reforms in the country’s franchising and licensing regime to further promote competition in the telco sector......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Strong GDP expansion gives BSP room to further hike rates

he impressive economic growth posted by the Philippines in 2023 will give the Bangko Sentral ng Pilipinas more space to further raise interest rates in case of shocks, according to economists......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

BSP to further relax forex rules

The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

Saudi Arabia opens its first liquor store in over 70 years as kingdom further liberalizes

Saudi Arabia opens its first liquor store in over 70 years as kingdom further liberalizes.....»»

Category: newsSource:  sunstarRelated NewsJan 25th, 2024

Trade gap expected to widen further

The Philippines’ trade deficit is expected to widen further this year amid weaker exports and stronger imports, according to Dutch financial giant ING......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

Bitcoins Sell The Fact Pullback Came From Exchanges: Kaiko

Title: Analysts Predict Further Price Drop for Cryptocurrencies; Investors Brace for Potential Losses As the cryptocurrency market faces ongoing volatility, analysts are predicting a further.....»»

Category: newsSource:  thedailyguardianRelated NewsJan 16th, 2024

Baguio chills further at 12.8°C

Baguio City locals and weekend visitors used thick clothing and blankets to parry off shivers after the highland vacation capital’s chill further dived early Sunday morning......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024