INFLATION accelerated to an over three-year high in February, the government reported on Tuesday, with higher food, beverage and tobacco prices said to have been the primary drivers. Using 2012 as the new base year, the Philippine Statistics Authority (PSA) said that consumer price growth rose to 3.9 percent last month, up from January’s 3.4 […]
Read MoreMANILA, Philippines — Manufacturers of canned goods are expected to jack up prices of their products in the coming months in line with the rising prices of tinplates and foreign exchange movement. “There is an indication to increase prices of canned products. There is a request submitted to us, anywhere from P1 to P2 per […]
Read MoreMANILA, Philippines — Consumer prices picked up to a fresh three-year high in February under a rebased index, although at a slower pace than the figure calculated on the previous base year, the country’s statistics agency reported Tuesday. Headline inflation accelerated to 3.9 percent last month, faster than January’s 3.4 percent and was the highest […]
Read MoreMANILA, Philippines — Inflation likely accelerated to 4.1 percent in February, slightly above the higher end of the government’s two to four percent target range due to the increase in the prices of “sin” products, the Department of Finance (DOF) said yesterday. In its latest economic bulletin, the DOF said inflation likely settled at 4.1 […]
Read MoreMANILA, Philippines — As growth slows in Philippine manufacturing, the sector now lags behind those of its ASEAN peers, the latest survey results of the Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI) showed. The headline PMI rose marginally to 50.7 in February from 50.2 in January, indicating a steady although slow improvement in the health […]
Read MoreMANILA, Philippines — Online hiring sentiment in the Philippines is expected to remain positive this year amid expectations of strong economic growth, according to employment website Monster. In a statement, Monster said the positive hiring activity in the country seen last year is likely to be sustained this year. Based on its monthly Monster Employment […]
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