PSA says inflation in July highest since Oct. 2018

PSA says inflation in July highest since Oct. 2018

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 (courtesy of PDIC) The Rural Bank of Polomolok (South Cotabato), Inc. was ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) last July 14.Through Resolution No. 985.A, the MB also ordered the Philippine Deposit...
Marcos Jr. considering G2G deals for fertilizers

Marcos Jr. considering G2G deals for fertilizers

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...