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Inflation quickens to 3.4 percent in February
Inflation quickened to a two-month high of 3.4 percent in February from 2.8 percent in January, snapping four straight months of decline amid faster upticks in food prices such as rice and meat and transport costs......»»
Inflation halts 4-month decline
Headline inflation may have picked up for the first time in four months in February, mainly driven by higher rice prices and electricity rates, according to a poll of top economists......»»
Factory gate prices decline in January
Producer prices of manufactured goods contracted in January due mainly to the slower increase in prices of computer, electronic and optical products, according to the Philippine Statistics Authority......»»
Lower output cuts Philex profit
Pangilinan-led Philex Mining Corp. saw its 2023 core net income decline to P963 million year-on-year due to lower output and elevated operating costs and expenses......»»
‘China destroyed 21,000 acres of West Philippine Sea coral reefs’
The country faces a decline in fisheries production amid reports that China has destroyed at least 21,000 acres of coral reefs in the West Philippine Sea an expert from the University of the Philippines-Marine Science Institute warned yesterday......»»
Nvidia exceeds expectations with strong results and forecasts as China sales decline significantly
Nvidia (NVDA) Exceeds Expectations with Strong Fourth-Quarter Earnings Graphics chip giant Nvidia (NVDA) has reported fourth-quarter earnings that surpassed analysts’ expectations, both on the top.....»»
Banana exports reverse sagging trend, rise in 2023
Philippine banana exports reversed its sagging trend as shipments recovered in 2023, halting a four-year decline, thanks to additional production from rehabilitated areas previously affected by Panama disease......»»
Fuel prices in Cebu City gas stations as of Feb. 13
CEBU CITY, Philippines — Motorists this week can expect a slight relief after fuel prices decreased with the implementation of a rollback on February 13, Tuesday. Local oil firms announced in separate advisories that the price of gasoline will decline by P0.60 per liter, diesel by P0.10 per liter, and kerosene by P0.40 per liter......»»
Angat Dam’s water level continues to decline
The water level in Angat Dam dipped further to 208.92 meters yesterday due to the El Niño phenomenon, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration......»»
Disney+ Loses 1.3 Million Subscribers After Price Hike
Disney+ has seen a decline in its subscriber base by 1.3 million following a price increase implemented in the final quarter of 2023 while being able to mitigate losses by a noteworthy $300 million. During the Q1 FY24 Earnings Call, Disney revealed that Disney+ witnessed a drop from 112.6 million subscribers on September 30, 2023, […].....»»
BSP to keep policy stance sufficiently tight
Despite the slowdown in the rise in consumer prices in the past four months, monetary authorities deem it necessary to keep monetary policy settings sufficiently tight until there is sustained decline in inflation......»»
Xinhua world economic news summary at 0900 GMT, Feb. 6
SINGAPORE -- Singapore's fintech sector amassed total funding of 2.2 billion U.S. dollars in 2023, a 68 percent decline compared to 2022, according to a report issued by accountancy giant KPMG Tuesday. Deal activity also saw a sharp drop, halving to 189 in 2023 from the previous year, the report said. (Singapore-Economy-Investment) - - - - SYDNEY -- The Reserve Bank of Australia (RBA) on Tuesday ke.....»»
Polycystic Ovary Syndrome (PCOS) Associated with Cognitive Decline, Study Reveals
New Study Reveals Potential Cognitive Dysfunction Linked to Polycystic Ovary Syndrome (PCOS) A new research study has shed light on the potential cognitive dysfunction that.....»»
‘Cagayan town peanut production declining’
Enrile town in this province may lose its title as the peanut capital of the country amid the decline in production......»»
Monde Nissin guides single-digit decline in Q4 meat alternative sales
Monde Nissin put out a press release to tease a patchwork of FY23 and Q4 metrics......»»
Rice stocks down 25 percent in December – PSA
The country’s rice inventory posted a 25.2 percent decline in December, according to data from the Philippine Statistics Authority......»»
Domestic demand likely softened in 2023
The Philippines is expected to have experienced a softening in domestic demand toward the end of 2023 due to a decline in consumer confidence and savings, according to UK-based think tank Pantheon Macroeconomics......»»
Bond issuances decline by 53 percent in 2023
Government and corporate bond issues tumbled by more than half last year amid a challenging environment including high interest rates......»»
Philippines FDI net inflows drop by 29.6 pct in October
MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»
Trade gap widens to $4.69 billion in November
The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»