Marcos Jr. says no to suspension of excise tax on fuel

Marcos Jr. says no to suspension of excise tax on fuel

By Photo from Wiki President-elect Ferdinand "Bongbong" Marcos Jr. on Monday claimed reducing the excise taxes on fuel would not solve the country's skyrocketing oil prices. In a media briefing, Marcos Jr. said he preferred providing assistance to people whose...

April 2022 unemployment rate is lowest since Covid-19 pandemic

By The jobless rate in the Philippines in April 2022 fell to 5.7 percent, the lowest since the Covid-19 pandemic broke out, according to the Philippine Statistics Authority (PSA).The PSA said 2.76 million Filipinos aged 15 and above were unemployed, which was lower by...

BSP chief Diokno is Marcos Jr. admin’s finance chief

By Benjamin Diokno, governor of the Bangko Sentral ng Pilipinas (BSP), will head the Department of Finance under the administration of president-elect Ferdinand "Bongbong" Marcos Jr.“It is an honor to serve the Filipino people in my current and any future capacity. I...

Inflation accelerates to 3-year-high in April at 4.9%

Inflation accelerates to 3-year-high in April at 4.9%

By The Philippine Statistics Authority (PSA) reported an inflation rate of 4.9 percent for April 2022, a three-year high, as the country saw numerous spikes in food and energy prices amid the Russia-Ukraine war.The PSA said the April inflation rate was the highest...

Unemployment in PH slightly dips in Q4 of 2021—SWS

Unemployment in PH slightly dips in Q4 of 2021—SWS

By Eleven million Filipinos were jobless in the last quarter of 2021, results of a Social Weather Stations (SWS) poll released on Thursday showed.The survey, conducted from Dec. 12-16, 2021, found adult joblessness at 24.7 percent of the adult labor force.The number...

Inflation accelerates to 4% in March  amid oil price hikes

Inflation accelerates to 4% in March amid oil price hikes

By The Philippine Statistics Authority (PSA) reported a higher inflation rate of 4 percent for March 2022, from February 2022's 3 percent, as the country saw oil prices skyrocket due the Russian invasion of Ukraine.The latest reading brought year-to-date (January to...

PSA: PH’s January 2022 unemployment rate slightly drops

PSA: PH’s January 2022 unemployment rate slightly drops

By FILE PHOTO The Philippine Statistics Authority (PSA) on Friday reported that 2.93 million or 6.4 percent of Filipinos were unemployed as of January 2022.The December 2021 jobless rate was 6.6 percent. The decrease was equivalent to about 340,000 Filipinos.The...

Former Banco Filipino officials indicted by DOJ

Former Banco Filipino officials indicted by DOJ

In a statement, state deposit insurer Philippine Deposit Insurance Corporation (PDIC) said the Department of Justice Task force issued a resolution on March 2021 indicting Banco Filipino officials for violations of certain provisions of Republic Act No. 3591, as amended, or the PDIC Charter.