PDIC to hold e-bidding of commercial and residential lots
The Philippine Deposit Insurance Corporation is set to bid-out 32 residential lots with improvements, 24 residential lots, two commercial lots with improvements, and a mixed residential/commercial lot with improvements through e-bidding starting July 26 until 27.
Marcos Jr. seals $1.3B in US investment pledges
President Ferdinand “Bongbong” Marcos Jr. will be bringing to the Philippines more than $1.3 billion worth of investment pledges following his recent five-day official visit to the United States, the Palace said.
Lucio Tan Group Records Highest Net Income in a Decade as Lucio Tan III Assumes Presidency
The group ended 2022 with a PhP25.1 billion attributable net income, which is a 24% increase from the previous year. LTG’s tobacco business contributed 61% of the total attributable net income, followed by Philippine National Bank (PNB) at Php6.61 billion
EVAP goes to Korea for International EV Expo
The trip to Korea was a significant milestone for the EVAP and the Philippine EV industry. The event was a testament to the commitment of the EVAP to promoting sustainable and eco-friendly transportation solutions in the Philippines.
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
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...
Renewable energy ‘at top’ of Marcos Jr. admin’s climate agenda
By President Ferdinand "Bongbong" Marcos Jr. on Monday said developing renewable energy sources was at the top of his administration's climate agenda.In his first State of the Nation Address, Marcos Jr. said the country would rely more on renewable energy."The...
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
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...
Controlling inflation is Filipinos’ top concern—Pulse Asia survey
By Inflation is the No. 1 concern that Filipinos want President Ferdinand "Bongbong" Marcos Jr.'s government to address, results of a Pulse Asia survey showed.Pulse Asia's "Ulat ng Bayan" survey conducted from June 24 to 27 with 1,200 respondents found that the most...
Diokno says Marcos Jr.’s inflation-rate disbelief ‘misunderstood’
By Finance Secretary Benjamin Diokno on Wednesday said President Ferdinand "Bongbong" Jr.'s statement regarding the country's June 2022 inflation rate was misunderstood.The Philippine Statistics Authority (PSA) has reported an inflation rate of 6.1 percent for June...
PSA says inflation in June highest since 2018; Marcos Jr. disagrees
By The Philippine Statistics Authority (PSA) reported an inflation rate of 6.1 percent for June 2022, the highest since October 2018, as the country continued to see numerous spikes in food and energy prices amid the Russia-Ukraine war.According to the PSA, the...
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...