‘Philippines economy losing steam’
MANILA, Philippines — The Philippine economy is losing steam much faster than anticipated, prompting another foreign bank to slash the country’s gross domestic product (GDP) growth forecast this year.
Inflation latest news
Marcos approves P5,000 financial assistance for 2.3 million rice farmers
MANILA, Philippines — President Ferdinand Marcos Jr. approved and ordered on Thursday the release of P12.7 billion for the Rice Farmers Financial Assistance (RFFA) program in an attempt to help small rice farmers to sustain productivity.
Inflation could hit 6.1% in Sept – BSP
INFLATION may stay steady in September or rise to as high as 6.1 percent, the Bangko Sentral ng Pilipinas (BSP) said on Friday, due to factors such as a weaker peso and higher fuel, electricity and key farm goods prices.
Proposed FY 2024 National Budget will lower debt, address inflation
During their sponsorship speeches, both representatives emphasized the significance of the budget bill, urging their fellow lawmakers to take proactive steps and join the Committee on Appropriations in crafting the best version of the Php 5.768 trillion budget for next year.
Asian markets mostly rise after Wall St gains
HONG KONG, China — Most Asian markets followed Wall Street higher Friday as a drop in oil prices and US Treasury yields provided some much-needed respite from speculation the Federal Reserve will push interest rates even higher.
Price cap for rice could continue until October
Metro Manila (CNN Philippines, September 28) — The price cap set for rice could be extended until October.
Got many coins? BSP installs more coin deposit machines
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has installed two more coin deposit machines (CoDMs) around the Greater Manila Area to better assist individuals exchange their loose change for e-wallet credits and/or shopping vouchers.
Concepcion counters downtrends, stays optimistic on economy
MANILA, Philippines — Go Negosyo founder Joey Concepcion remains optimistic about the country’s economy despite a slight reduction in business confidence and growth forecasts.