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AppleOne intensifies efforts to boost local tourism
AppleOne Group Inc., a Cebu-based property developer, is gearing up to welcome an increased influx of both local and international travelers this year to further showcase its ongoing commitment in helping foster people-to-people connections, enriching cultural relations, and contributing to the boosting of tourism at the local and national levels......»»
PH intensifies patrols to guard WPS fishing grounds
The Philippines will actively protect its traditional fishing grounds in the West Philippine Sea from increasing Chinese aggression by having government ships regularly patrol Panatag (Scarborough) Shoal starting this month. National Security Adviser Eduardo Año announced that vessels from the Philippine Coast Guard (PCG) and the Bureau of Fisheries and Aquatic Resources (BFAR) will take.....»»
Have you felt it? Chilly weather expected in Cebu as ‘amihan’ intensifies – Pagasa
CEBU CITY, Philippines – Cebu is set for chilly and breezy weather due to the strengthening northeast monsoon, locally known as hanging amihan, in Luzon and Visayas, as confirmed by the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa)-Mactan. Engineer Al Quiblat, chief of Pagasa-Mactan, said that due to the prevalence of cooler winds, a.....»»
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......»»
LT Group income slightly up in 2023
Earnings of tycoon Lucio Tan’s LT Group Inc. saw a slight improvement last year as higher contributions from its banking, liquor and property units offset the slowdown in the tobacco business......»»
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.....»»
Investors swarm T-bond auction
Investors swarmed the latest offering of long-term securities, resulting in slightly lower rates and allowing the government to raise P30 billion......»»
T-bill rates ease as demand swells
Demand for the government’s short-term securities rose to its highest level in three months, with rates slightly going down even after inflation quickened anew in February......»»
Fuel price cut expected this week
Fuel prices are expected to decrease slightly again following a minimal downward price adjustment previously, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel might go down by 20 to 30 centavos per liter and gasoline by 30 to 50 centavos per liter. ALSO READ: Fuel prices rise.....»»
Meralco power rates slightly up anew in March
This would be the electricity concessionaire’s third consecutive power rate uptick this year. .....»»
Government fully awards P30 billion T-bonds at higher rates
The government secured P30 billion in long-term securities yesterday but at slightly higher rates after inflation picked up and ended four months of easing......»»