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Philippines inflation rate slows to 2.8 pct in January

MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»

Category: newsSource:  manilanewsRelated NewsFeb 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Cebu Province inflation rate soared in March 2024

CEBU CITY, Philippines — Cebu Province inflation rate rose in March as Cebuanos continue to grapple with rising prices of goods and commodities, the latest inflation report by the Philippine Statistics Authority (PSA) Cebu showed. On Wednesday, April 17, PSA Cebu Chief Statistical Specialist Melchor Bautista presented the inflation report in Cebu Province for March.....»»

Category: newsSource:  inquirerRelated NewsApr 17th, 2024

Cebu’s inflation rate rose in Feb compared to January

CEBU CITY, PHILIPPINES – Cebu’s inflation rate rose slightly in February compared to lJanuary as prices have gone up in most parts of the province including the tri-cities of Cebu, Lapu-Lapu, and Mandaue. This was after the Philippine Statistics Authority (PSA) Cebu Province announced the current inflation rate of Cebu including the Highly Urbanized Cities.....»»

Category: newsSource:  inquirerRelated NewsMar 15th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Sayonara and Kon’nichiwa

“Most challenging, most wonderful, most exciting, most valuable, and most meaningful,” was how former Toyota Motor Philippines president Atsuhiro Okamoto described his four-year stint in the Philippines as he gave his farewell speech last Tuesday, Feb. 20, at the Grand Hyatt Hotel during the formal turnover of the TMP presidency to his successor, Masando Hashimoto......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

FACT CHECK | Self-proclaimed ‘Son of God’ Pastor Apollo Quiboloy indicted in the US in 2021, not 2018

MindaNews fact-checked the claim made by Pastor Apollo Quiboloy, founder of the Kingdom of Jesus Christ, The Name Above Every Name, that he and his lawyers have been waiting for the start of his trial for sex trafficking and other crimes in the United States (US), but that the courts have always postponed it since […].....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024

Poll: Pinoys still most concerned with inflation

Seven in 10 Filipinos have identified inflation as among their most urgent national concerns, a recent survey conducted by Pulse Asia showed......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

Prices

To most Filipinos, their No. 1 problem is prices – high prices. Of nearly everything. The rate of increase in prices is inflation. Most people don’t understand what inflation means. But they know when prices are high, or are exceedingly high......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

Debt-to-GDP ratio remains above int’l threshold at 60.2%

The country’s outstanding debt as a share to the overall economy slightly eased in the first quarter, but remained above the internationally accepted threshold, with the government urged to be on a serious lookout for more revenue sources......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

Marcos 2021 negative drug test result brought up in Senate PDEA leaks hearing

Representatives of the hospital that administered the drug test of then-presidential candidate Ferdinand Marcos Jr. in 2021 assured senators there was nothing irregular with how the test, which produced negative results, was conducted......»»

Category: newsSource:  philstarRelated NewsMay 13th, 2024

Papua New Guinea stick to experience in T20 World Cup 2024 squad

New Delhi [India], May 8 (ANI): Ready for their second appearance at the ICC Men's T20 World Cup, Papua New Guinea have named their 15-member squad set to feature in Group C at the tournament. As he did at the 2021 edition of the tournament, Assad Vala leads the Barramundis, who sealed their spot for this year's competition via the East Asia-Pacific regional final in July 2023. Vala is one of 10 players from their 2021 ca.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024

Hunger highest since 2021 – SWS poll

More Filipinos experienced involuntary hunger in the first quarter of the year, the highest since 2021 during the COVID-19 pandemic, a recent Social Weather Stations surveyshowed......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2024

Suing Maldives to Enforce its Environmental Laws

An ongoing court case in the Maldives sheds light on why it is so hard to get the government to enforce the country's environmental laws.The Maldives is one of the most vulnerable countries in the world to the consequences of climate change, with 80 percent of the archipelago's islands less than a meter above sea level. The government has enacted significant environmental legislation, most notably the Environmen.....»»

Category: newsSource:  philippinetimesRelated NewsMar 2nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

BSP seen to cut rates by 100 bps this year

The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

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.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

Philippine inflation rate slightly quickens to 3.8 pct in April

MANILA, May 7 (Xinhua) -- Year-on-year inflation in the Philippines rose to 3.8 percent in April from 3.7 percent in March due to the continued increases in food and transport prices, the Philippine Statistics Authority (PSA) said on Tuesday. In a news conference, PSA head Dennis Mapa said the uptrend in overall inflation in April was primarily driven by the higher year-on-year increase in food and non-alcoholic.....»»

Category: newsSource:  manilanewsRelated NewsMay 7th, 2024