Inflation slows in October
MANILA, Philippines — For the first time in three months, inflation eased in October mainly on slower increase in food prices, according to the Philippine Statistics Authority (PSA).
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Philippines inflation likely eased in October – think tank
MANILA, Philippines — Inflation in the Philippines likely eased in October with the reversal in rice price hikes expected to have kicked in, UK-based think tank Pantheon Macroeconomics said.
War has no impact on Philippines economy… yet– NEDA
MANILA, Philippines — The ongoing war between Israel and Palestinian militant group Hamas is not seen to have a major impact on the Philippine economy, but the country may start feeling the effect should the conflict spread and affect the global supply chain, the National Economic and Development Authority (NEDA) said.
Despite price caps, rice inflation fastest in 14 years
MANILA, Philippines — Inflation for rice posted its fastest increase in 14 years, even as the government imposed caps on regular milled and well-milled rice last month, according to Philippine Statistics Authority (PSA) data.
PSA: Inflation rises to 6.1 Percent in September
MANILA, Philippines — Inflation accelerated for the second month in September, driven by faster increases in food prices particularly rice, according to the Philippine Statistics Authority.
Governent to discuss lifting of rice price caps
MANILA, Philippines — The government is likely to meet next week to discuss the implementation and lifting of the price caps on rice, according to the National Economic and Development Authority (NEDA).
NEDA chief backs recommendations on POGO ban
MANILA, Philippines — The National Economic and Development Authority (NEDA) has expressed support for the recommendation of senators to ban Philippine offshore gaming operators (POGOs) in the country, citing the “high” social costs that cannot be outweighed by the revenues obtained from the gambling entities.
ADB trims Philippines growth outlook to 5.7% this year
MANILA, Philippines — The Asian Development Bank (ADB) has trimmed its economic growth outlook for the Philippines this year due to inflationary pressures and external headwinds.