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

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...

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

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

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...