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From the Newsrooms: February 11 to 17, 2024
WITH PRESIDENT Ferdinand Marcos Jr's clear signal of his approval, it was no surprise for the media to pick up the heightened discussion of charter change (Chacha) in the Senate.On February 12, the Senate was clearly engaged in the process as its Subcommittee on Constitutional Amendments and Revision of Codes began its second deliberation of the Resolution of Both Houses No. 6 amending three constitutional provi.....»»
Davao USAR continues to assist in Masara search and rescue ops
THE Davao City Disaster Risk Reduction and Management Office Urban Search and Rescue (USAR) 911 received a go signal from the Office of the Civil Defense to extend the number of days in assisting the ongoing rescue operations in the landslide-hit area of Masara in Maco, Davao De Oro......»»
Amending our economic provisions
On my way to the Ninoy Aquino International Airport Terminal 1 on Monday night last week, I could already see from a distance the sea of red lights, a signal, no doubt, that traffic was at a standstill......»»
Gift of faith, prayers Pogoy back playing, shooting treys
Faith kept TNT star RR Pogoy going when he was diagnosed with myocarditis – an inflammation of the heart muscle – that could lead to a six-month layoff, if not signal the end of his career......»»
China’s diplomats condemn foreign governments over Taiwan post-election remarks
The Chinese foreign ministry describes a statement from US Secretary of State Anthony Blinken as 'sending a seriously incorrect signal' to 'Taiwan independence separatist forces'.....»»
Cebu weather: Pagasa forecasts slightly to moderate conditions
CEBU CITY, Philippines – Cebu weather is forecasted to be a continuation of slight to moderate conditions with potential heat index concerns in Metro Cebu and the rest of the province the weather bureau based in Mactan said. In its issued weather outlook on May 18, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA).....»»
Banks ease exposure in real estate in 2023
The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the Bangko Sentral ng Pilipinas showed......»»
Credit growth climbs to 11-month high in March
Consumer loans jumped by 25.4 percent to P1.32 trillion in March, slightly faster than the 25.2 percent expansion a month ago......»»
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......»»
Inflation ticks up to 3.8% in April - The Manila Times
MANILA, Philippines: Inflation slightly accelerated last month due to increases in key food items, the Philippine Statistics Authority reported on Tuesday. For three consecutive months, inflation picked up 3.8 percent in April from March's 3.7 percent but was lower than the 6.6 percent recorded in the same month last year. It is well within the estimate of the Bangko Sentral ng Pilipinas (BSP) for the month at 3.5- to.....»»
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......»»
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.....»»
Gov’t debt slightly drops to P14.93T
The national government’s total debt dropped to P14.93 trillion as of the end of March, down 1.67 percent from the previous month’s P15.12 trillion. This was because more money was repaid for domestic government loans than was borrowed. The Bureau of Treasury reported that 31.14 percent of the debt is from outside the country, while.....»»
Budget gap widens to P273 billion in 3 months
The country’s budget shortfall slightly increased in the first quarter as the government continued to spend more than what it generated from revenues......»»
Philippines posts 1.2 bln USD surplus in March
MANILA, April 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 1.2 billion U.S. dollars in March 2024, slightly lower than the 1.3-billion-dollar BOP surplus recorded a year ago, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in March reflected inflows arising mainly from the national government's net foreign currency deposi.....»»
Tulfo over Sara in surveys for 2028 presidential race
Two survey firms, OCTA Research and Pulse Asia, revealed that early presidential frontrunner Vice President Sara Duterte is now slightly edged out by broadcaster turned Senator Raffy Tulfo if both contend for the 2028 presidential race......»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
Factory gate prices ease in February
Producer prices declined at a slightly faster rate in February as electronic and food products posted slower upticks, according to the Philippine Statistics Authorit......»»
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......»»
Philippine bond market hits $217 billion in Q4
The Philippine bond market went up slightly in the fourth quarter of 2023 due to the increase in government bond issuances, according to a report from the Asian Development Bank......»»