PUVMP consolidation rate reaches 81% – LTFRB
An 81 percent consolidation rate for jeepneys has been achieved under the public utility vehicle modernization program (PUVMP), according to the Land Transportation Franchising and Regulatory Board......»»
Peso weakness could prompt rate hike anew – IMF
Inflationary pressures stemming from currency depreciation may become a reason for Asian central banks, including the Bangko Sentral ng Pilipinas, to tighten monetary policy once again, the International Monetary Fund said......»»
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 […].....»»
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%......»»
EDITORIAL - Doctors doing business
A public health advocate first sounded the alarm recently, saying several doctors were prescribing medicines from a pharmaceutical company in exchange for expensive gifts including luxury vehicles......»»
BSP’s ample dollar reserves to keep peso at bay – Nomura
The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency against the greenback, according to Japanese investment bank Nomura......»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»
DILG: Crime rate lower under President Marcos compared to Duterte
The Philippine National Police (PNP) has recorded a lower crime rate during the first 21 months of the Marcos administration compared to the same period under former President Rodrigo Duterte......»»
Rape, murder, iba pang krimen sumadsad – Malacañang
Ibinida ng Presidential Communications Office (PCO) ang pagbaba umano ng crime rate sa ilalim ng administrasyon ni Pangulong Ferdinand “Bongbong” Marcos Jr. kumpara sa datos na naitala noong hindi pa ito nakaupo sa Malacañang. The post Rape, murder, iba pang krimen sumadsad – Malacañang first appeared on Abante......»»
‘BSP ready to mitigate excessive peso volatility’
Monetary authorities are ready to mitigate any “unnecessary movement” and “excessive volatility” in the foreign exchange market as the peso sank to fresh 17-month lows against the dollar, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
SMC to finish SLEX upgrade by December
San Miguel Corp. has committed to finish the expansion of the South Luzon Expressway in time for the holidays in December as it announced a progress rate of 70 percent as of yesterday......»»
Over 2 mln foreign tourists arrive in Philippines since January
MANILA, April 25 (Xinhua) -- Over 2 million international tourists have visited the Philippines since January this year, the Presidential Communications Office (PCO) said Thursday. Citing data from the Department of Tourism (DOT), the PCO said that 2,010,522 international visitors entered the Southeast Asian country from Jan. 1 to April 24. The data showed that tourism receipts reached 157.62 billion peso.....»»
CAR logs 96.7% employment rate, services top job generator
CAR logs 96.7% employment rate, services top job generator.....»»
MPTC prefers term extension over toll hike
To recover investments on toll road improvements, Metro Pacific Tollways Corp. is leaning toward getting its concession agreements expanded instead of burdening motorists with rate hikes......»»
A stable peso& food security
The past few weeks have been understandably dominated by the standoff between the Philippines and China in the West Philippine Sea......»»
NEDA Optimistic on Economic Growth in the PH for 2024
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»
SMC eyes P20 billion fixed bond offer
Diversified conglomerate San Miguel Corp. targets to offer in June fixed-rate bonds in a bid to raise P20 billion......»»
P13.3 billion single biggest drug bust is peanuts
Police love to trumpet multibillion-peso drug busts. Example was last week’s P13.3-billion interdiction of shabu at a checkpoint in Batangas......»»
Doctors accepting gifts from drug firms may lose license – DOH
MANILA, Philippines — Doctors who have been proven to accept gifts from pharmaceutical companies in exchange for prescribing certain products may face suspension or revocation of their licenses, an official from the Department of Health (DOH) said on Tuesday. According to DOH Assistant Secretary Albert Domingo, the DOH is investigating allegations of the scheme and.....»»
From the Newsrooms: April 7 to 20, 2024
"IT'S COMPLICATED." The two words were all President Ferdinand Marcos Jr. had to say about his relationship with the Duterte family. The president and his predecessor however were ready to exchange barbs about various issues, but most prominently, about the "gentleman's agreement" between Rodrigo Duterte and Xi Jinping on the West Philippine Sea (WPS). News picked up every sign of the deepening rift that has cracked Te.....»»