MANILA, Philippines — The nationwide inflation rate slowed down in March due mainly to lower demand for transportation, fuel as well as alcoholic beverages and tobacco, the Philippine Statistics Authority (PSA) reported yesterday. The headline consumer price index eased to 2.5 percent in March from 2.6 percent in February and 3.3 percent in March 2019. […]
Read MoreMANILA, Philippines — The export of coconut oil, the country’s top agricultural export, is expected to decline this year due to an oversupply of global vegetable oils coupled with the decline in local copra production. In the latest report of the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS), coconut oil exports may decline to […]
Read MoreThe effect of coronavirus disease 2019 or COVID-19 on the Philippine economy for the rest of the year deserves attention. The good prospects entertained for 2020 have been shattered by the onslaught of the pandemic, which required extreme measures that has put the economy to a halt. Assessing the immediate future. What is in store as […]
Read MoreMANILA, Philippines — The expected easing of inflation over the next few months due to soft global oil prices will give the Bangko Sentral ng Pilipinas more room to cut interest rates to boost economic activity amid the coronavirus disease 2019 or COVID-19 outbreak, according to BSP Governor Benjamin Diokno. Diokno said inflation may ease […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) has allowed enterprises that are part of the supply chain of food and other essential products to operate, as well as establishments producing basic commodities to have 50 percent of their workforce report for work, to ensure stable supply of goods while the enhanced community […]
Read MoreMANILA, Philippines — Dismal consumption and a halt in public transportation in Luzon started to temper inflation in March, an unwarranted consequence of businesses getting shuttered and consumers being asked to stay home in the Philippines’ most populous island. Consumer prices rose 2.5% in March, down from 2.6% in previous month and notching the slowest […]
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