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March inflation may pick up amid high food prices

Inflation likely accelerated for the second straight month in March, mainly driven by high rice prices, prompting the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged at its next policy review in April, analysts said......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

February inflation quickened to 3.4% y/y

The Philippine Statistics Authority said that Philippine inflation for February quickened to 3.4% y/y, up from January’s 2.8% y/y increase......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Daily Gospel, April 2

This is the Daily Gospel for today, April 02, 2024, which is Tuesday of Easter Week. READ MORE: Daily Gospel, April 1 Daily Gospel, March 30 Holy Gospel of Jesus Christ according to Saint John 20, 11-18. Mary Magdalene stayed outside the tomb weeping. And as she wept, she bent over into the tomb and.....»»

Category: newsSource:  inquirerRelated NewsApr 2nd, 2024

March inflation climbs to 3.7% due to soaring food, transport costs

The country's inflation accelerated to 3.7%, driven by increased food and transportation costs, according to the Philippine Statistics Authority's report on Friday......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

Analysts expect inflation at around 3.8% for March

A BusinessWorld poll of 17 Philippine economists on March inflation rate projections revealed a median of 3.8%, with a high of 4.1% and a low of 3.5%......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

Inflation up to 3.4% in February 2024

The overall inflation in the country rose to 3.4% in February according to the recent report of the Philippine Statistics Authority (PSA) on March 5, 2024. Main Driving Factors for the Rise: Food and Non-Alcoholic Beverages: Went up from 3.5% in January to 4.6% in February 2024. Transport: Saw a yearly increase of 1.2% in […].....»»

Category: newsSource:  metrocebuRelated NewsMar 6th, 2024

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

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......»»

Category: financeSource:  philstarRelated NewsFeb 6th, 2024

Increasing demand for electric vehicles

The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»

Category: newsSource:  sunstarRelated NewsJan 16th, 2024

PH army’s new cyber defense group questioned over potential use for attacks

In 2018, several websites of progressive organizations and media outfits became victims of relentless DDoS attacks.  A probe by Sweden-based Qurium Media Foundation revealed that the attacks came from the Philippine Army, including activities linked to the Chief of Staff for Intelligence of the Philippine Army. The post PH army’s new cyber defense group questioned over potential use for attacks appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJan 18th, 2024

PH Inflation Expected to Range Between 3.5% to 4.3% in April: BSP

Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the inflation rate could be at 3.5% to 4.3%. BSP said in a Facebook post that this upward trend is caused by the increasing prices of essential goods and gasoline prices, as well as the depreciation of the peso. “The BSP projects April 2024 inflation to […].....»»

Category: newsSource:  metrocebuRelated NewsApr 30th, 2024

BSP projects April 2024 inflation between 3.5% to 4.3%

The Bangko Sentral ng Pilipinas expected that the country's inflation rate for April 2024 will fall within the range of 3.5% to 4.3%......»»

Category: financeSource:  philstarRelated NewsApr 30th, 2024

Singapore bank hikes Philippines inflation forecast

DBS Bank Ltd. of Singapore raised its inflation forecast for the Philippines this year to 3.7 percent from 3.3 percent previously, a development which could prompt the Bangko Sentral ng Pilipinas (BSP) to keep rates higher for longer......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

Mandaue City logs highest inflation rate

Mandaue City logs highest inflation rate.....»»

Category: newsSource:  sunstarRelated NewsApr 13th, 2024

Mandaue labing taas og inflation rate sa HUCs

Mandaue labing taas og inflation rate sa HUCs.....»»

Category: newsSource:  sunstarRelated NewsApr 13th, 2024

Repeal of liberalization law urged to combat high rice inflation

A farmer group on Wednesday said that reversing the rice liberalization law would help address the low procurement of rice grains and high rice inflation......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Sticky food inflation

Decades of incompetence and corruption at the Department of Agriculture have made food inflation rather sticky for us these days......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Century Pacific Food logs P5.6 billion income despite inflation

Century Pacific Food logs P5.6 billion income despite inflation.....»»

Category: newsSource:  sunstarRelated NewsApr 9th, 2024

T-bills, T-bonds rates up after inflation uptick

Yields for the government’s short and long-term securities picked up across the board after inflation accelerated for the second straight month......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

DA working double time to increase rice production at lower cost amid inflation

The Department of Agriculture promised to intensify its efforts to increase the level of rice production in the Philippines with lower expenditures to alleviate food and non-food inflation, particularly rice......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024