PDIC to hold e-bidding of commercial and residential lots

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.

EVAP goes to Korea for International EV Expo

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

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...

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...