Food expenditure is a significant portion of Filipino family budgets. A family spends an average of around 40 percent on food, a large part of which is spent on rice. As a result, changes in food prices substantially impact household budgets and overall inflation in the country. In the Philippines, the prices of key imports […]
Read MoreMANILA, Philippines — Philippine factories posted faster output growth in May, with manufacturers reporting faster delivery of raw materials they need for production, which helped them meet growing demand. Results of a survey of around 400 companies showed the Philippines’ Purchasing Managers’ Index (PMI) — a measure of factory output — went up to 52.2 […]
Read MoreMANILA, Philippines — Inflation likely eased further and settled within the 5.8 to 6.6 percent range in May due to the series of rollbacks in fuel prices, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said the cumulative rollback in the prices of petroleum products, as well as lower poultry and fish […]
Read MoreMANILA, Philippines — The country’s outstanding debt is closing in on the P14-trillion level, putting more pressure on the Maharlika Investment Fund (MIF) to finance major infrastructure projects and eventually trim government obligations. Latest data from the Bureau of the Treasury showed the national debt reached a fresh record high of P13.91 trillion in end-April, […]
Read MoreMANILA, Philippines — The expansion of the Philippine economy is expected to hit the brakes this year, with growth likely to fall below government assumptions on global uncertainties despite easing commodity prices. In a briefing yesterday, Sun Life Investment Management and Trust Corp. (SLIMTC) said the overall economic view remains positive, but headwinds continue to […]
Read MoreMANILA, Philippines — The government increased its infrastructure spending to almost P200 billion in the first quarter, mainly to finance road and rail projects, the Department of Budget and Management (DBM) said. Based on the latest national government disbursement performance report of the DBM, state infrastructure expenditure and other capital outlays inched up by 7.3 […]
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