Wage hike unlikely to stoke inflation
THE P40 INCREASE in the daily minimum wage in the National Capital Region (NCR), which will take effect on Sunday (July 16), is unlikely to drive inflation beyond the central bank’s target band, the National Economic and Development Authority (NEDA) said.
Marcos signals more liberal economic measures
PRESIDENT Ferdinand R. Marcos, Jr. on Thursday gave strong indications that his administration would pursue more liberal economic reforms, saying the Philippines’ “wealth” should be defined by the amount of trade it pursued.
FX volatility has no long-term negative impact on PHL growth
EXCHANGE RATE volatility does not appear to have a long-term negative impact on Philippine economic growth, a study by the Bangko Sentral ng Pilipinas...
Nearly 51M Filipinos face food insecurity — UN report
NEARLY 51 MILLION Filipinos faced moderate or severe food insecurity in 2020 to 2022, the highest number in Southeast Asia, according to a United...
Household consumption seen slowing
THE PHILIPPINE ECONOMY may not meet the government’s 6-7% growth target this year, as household consumption is likely to further weaken despite slower inflation, analysts said.
7 out of 10 Filipinos worry over rising grocery prices — Kantar
ALMOST SEVEN out of 10 Filipinos are more worried about rising grocery prices than the possibility of another pandemic, a report by marketing data...
$88-M investments from Marcos’ trips to materialize this year
AROUND $88 million (around P4.83 billion) in investment pledges secured during President Ferdinand R. Marcos, Jr.’s foreign trips are expected to materialize this year,...
BSP eyes rules to prepare banks for ‘disruptive’ events
THE BANGKO Sentral ng Pilipinas (BSP) is proposing new guidelines to strengthen the operational resilience of financial institutions in case of disruptive events such...
PHL wholesale price growth picks up in May
GROWTH in wholesale prices of general goods hit a three-month high in May due to a faster uptick in food, the Philippine Statistics Authority...
Trade deficit narrows to $4.4B in May
THE PHILIPPINES’ trade deficit narrowed to a three-month low in May as exports expanded for the first time in six months while the decline in imports slowed, data from the Philippine Statistics Authority (PSA) showed.
Philippines still projected to post fastest growth among ASEAN+3
THE ASEAN+3 Macroeconomic Research Office (AMRO) still expects the Philippines to post the fastest economic growth in the region this year, despite external headwinds.
In...
Vehicle sales jump 27% in June
NEW VEHICLE SALES in the Philippines increased by 27% in June as many Filipinos continued to spend on big-ticket items, an industry group said.
A...