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5th oil price hike set February 6
Oil firms will implement an oil price hike for the fifth straight week......»»
MRF in Binaliw landfill to hike fuel production
MRF in Binaliw landfill to hike fuel production.....»»
Labor groups rally against Charter change, call for wage hike instead
MANILA, Philippines — Labor groups are joining the opposition against Charter change (Cha-cha), with one group urging lawmakers to prioritize passing a law for a P150 wage hike for private sector workers. The Federation of Free Workers (FFW) vice president Jun Mendoza Ramirez in a statement on Sunday emphasized the need to concentrate on the immediate.....»»
Peso weakness could prompt rate hike anew – IMF
Inflationary pressures stemming from currency depreciation may become a reason for Asian central banks, including the Bangko Sentral ng Pilipinas, to tighten monetary policy once again, the International Monetary Fund said......»»
MPTC prefers term extension over toll hike
To recover investments on toll road improvements, Metro Pacific Tollways Corp. is leaning toward getting its concession agreements expanded instead of burdening motorists with rate hikes......»»
House panel to start deliberations on wage hike tomorrow
The House committee on labor and employment will start tomorrow deliberations on various bills proposing wage adjustments amid the high inflation rate in the country......»»
DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»
Power rates to rise in February — Meralco
With the latest power rate hike, P115 will be the increase in the total electricity bill of a customer consuming 200 kilowatt-hour......»»
Residential electricity rates up by P0.19/kWh for Jan-Feb billing
Visayan Electric residential consumers will experience an increase of P0.19/kWh for their January-February billing. The hike is caused by the increase in generation rates at the Wholesale Electricity Spot Market (WESM) and the transmission charges of the National Grid Corporation of the Philippines (NGCP). The increase brings the average residential electricity rate from P11.43/kWh last.....»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
LRT-1 Cavite Extension Phase 1 nearly completed at 98.2% progress rate
The construction of the LRT-1 Cavite Extension Phase 1 is progressing as scheduled at 98.2% completion rate, as it remains on track for its target commercial opening in the fourth quarter of 2024......»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
DavSam Bridge still at 3% completion rate
NEARLY two years after its groundbreaking, the completion rate of the controversial Samal Island-Davao City Connector (SIDC) project, commonly known as Davao-Samal Bridge, is still at three percent......»»
Iloilo City maintains lowest electricity rate in Western Visayas
Iloilo City maintains lowest electricity rate in Western Visayas.....»»
‘Early rate cut to boost economy’
Interest rate cuts in the second half will likely boost economic and investment activity in the Philippines, providing some relief to borrowers who have been bearing the weight of restrictive monetary policy, according to ING Bank......»»
Region 8 posts 95.1 percent employment rate in 2022
Among provinces in the region, Samar posted the highest employment rate in Eastern Visayas at 97.4 percent......»»
Inflation rate in Cebu Province decelerates in April 2024
CEBU CITY, Philippines — The inflation rate in Cebu Province for April 2024 has decelerated to 0.2 percent from 0.3 percent in March, according to the report of the Philippine Statistics Authority (PSA) Cebu on Thursday, May 16. PSA Cebu’s Chief Statistical Specialist Melchor Bautista said the headline inflation slowed down in April 2024 mainly.....»»
Citi sees shallow rate cuts in 2024, 2025
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks......»»
Philippines unemployment rate up to 3.9 pct in March
MANILA, May 8 (Xinhua) -- The unemployment rate in the Philippines increased to 3.9 percent in March from 3.5 percent in February, the Philippine Statistics Authority (PSA) said on Wednesday. PSA head Dennis Mapa said at a press conference that there were 2 million jobless Filipinos in March this year, higher than 1.8 million unemployed individuals in February. National Economic and Development Authority.....»»
PUVMP consolidation rate reaches 81% – LTFRB
An 81 percent consolidation rate for jeepneys has been achieved under the public utility vehicle modernization program (PUVMP), according to the Land Transportation Franchising and Regulatory Board......»»