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Finance Secretary Ralph G. Recto has assured the public that the government is intensifying targeted actions to further protect the purchasing power of Filipinos from the effects of El Niño and La Niña on food and energy supplies.
MANILA, Philippines — Lumobo sa ikalawang sunod na buwan ang inflation rate nitong Marso patungong 3.7% primarya dahil sa mas matuling pagtaas ng presyo ng "heavily-weighted food and non-alcoholic beverages," ayon sa Philippine Statistics Authority (PSA).
MANILA, Philippines — The country's inflation accelerated to 3.7%, driven by increased food and transportation costs, according to the Philippine Statistics Authority's report on Friday.
MANILA, Philippines — The country’s gross domestic product (GDP) growth target for 2024 has been adjusted to a range of 6% to 7%, down from the previous range of 6.5% to 7.5%, National Economic Development Authority (NEDA) chief Arsenio Balisacan said.
NEW YORK, United States — Oil prices scored fresh five-month peaks Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output.
MANILA, Philippines — As the water level in major dams can drop further during the dry months, the Task Force El Niño is urging the public to continue conserving water to avert a possible water crisis, especially in Metro Manila.
A BusinessWorld poll [link] of 17 Philippine economists on March inflation rate projections revealed a median of 3.8%, with a high of 4.1% and a low of 3.5%. The BSP projected that March inflation will come in somewhere between 3.4% and 4.2%. The BSP’s 2024 inflation target range is 2.0% to 4.0%. February inflation was 3.4%.