Oil prices rise on Red Sea escalation
NEW YORK, United States — Oil prices climbed Friday after US and UK forces launched strikes against Iran-backed Huthi rebels, while global stocks were mixed following the kickoff of corporate earnings season.
Inflation latest news
DA nixes plan to impose SRP on rice to tame inflation
MANILA, Philippines — The Department of Agriculture is not keen on imposing a suggested retail price for rice, Secretary Francisco Tiu-Laurel said on Thursday, clarifying that "earlier proposals" were "just an idea" based on what is allowed under the country's law on prices of agricultural products.
WB: World economy to slow anew in 2024
WASHINGTON, D.C.: Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024.
Central bank to move 'in lockstep' with Fed
THE Bangko Sentral ng Pilipinas (BSP) will likely move «in lockstep» with the US Federal Reserve (Fed) with regard to cutting interest rates, a Hongkong and Shanghai Banking Corp. (HSBC) economist said on Wednesday.
Jobless rate further shrinks to 3.6% — PSA
MANILA, Philippines — The number of unemployed Filipinos decreased in November 2023, with unemployment rate reaching the lowest in recent years, the Philippine Statistics Authority (PSA) reported on Tuesday.
Action on inflation, job creation boost Marcos approval rating - governor
MANILA, Philippines: The resurgence of President Ferdinand Marcos Jr.'s approval rating is proof of his administration's strong resolve to curb high inflation and generate more employment opportunities for Filipinos, Eastern Samar Governor Ben Evardone said on Monday.