PDIC to bid out Luzon, Visayas residential and commercial lots on Jan. 19-20

PDIC to bid out Luzon, Visayas residential and commercial lots on Jan. 19-20

The Philippine Deposit Insurance Corp. (PDIC) will accept bids for 45 residential and commercial lots located in various provinces of Luzon and Visayas on its e-bidding portal at https://assetsforsale.pdic.gov.ph starting at 9:00 am on Jan. 19, 2023 until 1:00 p.m. on Jan. 20, 2023, and shall be opened at 2:00 pm on Jan. 20, 2023.

NEDA chief says PH ‘concerned’ over inflation

NEDA chief says PH ‘concerned’ over inflation

By National Economic and Development Authority Secretary Arsenio Balisacan (OPS photo) The Philippines cannot escape the effects of recent developments in the global economy even as its government attempts to address inflation, Socioeconomic Planning Secretary and...

PH’s September inflation hits 4-year high—PSA

PH’s September inflation hits 4-year high—PSA

By The Philippine Statistics Authority (PSA) on Wednesday reported inflation of 6.9 percent for September 2022, a four-year high.According to the PSA, the September inflation was the highest recorded since October 2018.The September inflation was higher than the 6.3...

Palace says gov’t ‘closely monitoring’ skidding peso

Palace says gov’t ‘closely monitoring’ skidding peso

By Malacañang on Tuesday said President Ferdinand "Bongbong" Marcos Jr. and his economic team were "closely monitoring" the situation of the peso as it continues to hit new lows.In a virtual presser, Press Secretary Trixie Cruz-Angeles said the peso inflation was not...

PSA says inflation in July highest since Oct. 2018

PSA says inflation in July highest since Oct. 2018

By The Philippine Statistics Authority (PSA) on Friday reported an inflation rate of 6.4 percent for July 2022, the highest since October 2018.According to the PSA, the increase in the country’s inflation was mainly brought about by the higher annual increase in the...

BSP closes Rural Bank of Polomolok

BSP closes Rural Bank of Polomolok

Rural Bank of Polomolok (South Cotabato), Inc. is the eight rural bank to be closed by the Monetary Board of the Bangko Sentral ng Pilipinas this year.

Marcos Jr. considering G2G deals for fertilizers

Marcos Jr. considering G2G deals for fertilizers

By President Ferdinand "Bongbong" Marcos Jr. on Monday said he was open to government-to-government (G2G) deals for fertilizers as their prices continue to increase due to high energy costs.Marcos Jr., who also heads the Department of Agriculture (DA), said the...