Inflation eases to 4.9% in October — PSA
MANILA, Philippines — The country’s inflation rate slowed down to 4.9% during the month of October, the Philippine Statistics Authority said.
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Press Release - Bong Go bats for better consumer welfare protection amid existing and emerging global crises
In light of the escalating Israel-Hamas conflict and its potential impact on global prices especially oil and other commodities, Senator Christopher "Bong" Go has called on the government to be vigilant in protecting consumer welfare. The senator emphasized the need for monitoring price levels and implementing necessary interventions to mitigate the impact especially on the poor and vulnerable sectors.
EDITORIAL — Finally, a DA chief
After 16 months of serving concurrently as the secretary of the Department of Agriculture, President Marcos has finally relinquished the post. Yesterday he swore in his campaign donor Francisco Tiu Laurel Jr. as DA chief. The shipping tycoon has his work cut out for him.
Govt confident poverty to decline
THE Marcos administration is confident it can bring down the poverty rate to 9 percent by 2028, Malacañang said Thursday.
Higher poverty rate attributed to typhoons’ impact on prices
MANILA, Philippines — The higher percentage of Filipino families who considered themselves as poor is linked to the recent typhoons that raised food prices, the National Economic and Development Authority (NEDA) said yesterday, as it assured the public that the government remains focused on reducing poverty incidence to nine percent by 2028.
Stocks rally and dollar drop on hopes Fed rates have peaked
HONG KONG, China — Stocks and oil prices rose while the dollar weakened Thursday as a much-needed burst of confidence flows across world markets after the Federal Reserve hinted it has come to the end of its long-running interest rate hiking cycle.
Japan PM unveils $113 billion stimulus as poll numbers slump
TOKYO, Japan — Japanese Prime Minister Fumio Kishida announced a stimulus package worth more than $100 billion on Thursday as he tries to ease the squeeze from inflation and rescue his premiership with his poll ratings at a record low.