MANILA, Philippines — The country has been reeling from a sugar shortage in the past few months following the sector’s missed production target caused by weather disturbances and high input costs, as well as delayed implementation of an order to import the sweetener. This has pushed retail prices of sugar beyond P100 per kilogram in […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to raise the bar of the reporting governance framework for pawnshops, as the industry continues to expand its range of products and services that it offers to the public. The regulator is set to adopt the new reporting governance framework as it recognizes that […]
Read MoreMANILA, Philippines — Unemployment stood unmoved in June while the quality of available jobs improved, in what may be a show of resilience in the face of rapid inflation. In a Monday morning briefing, the Philippine Statistics Authority reported that the unemployment rate around the country in June stood at 6%, unchanged since the preceding […]
Read MoreMANILA, Philippines — Most economists expect the country’s economy to have expanded by over eight percent in the second quarter, supported by the reopening of the economy and election spending. A STAR poll of eight economists showed six have a gross domestic product (GDP) growth forecast of over eight percent for the second quarter. The […]
Read MoreMANILA, Philippines (Update 1, 11:08 a.m.) — Inflation remained painfully high in July, keeping the pressure on the Bangko Sentral ng Pilipinas to stay hawkish as rising prices squeeze Filipino households’ budgets. Inflation, as measured by the Consumer Price Index (CPI), accelerated 6.4% year-on-year in July, faster than 6.1% recorded in June, the Philippine Statistics Authority reported […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore said inflation last month likely stayed above six percent as price pressures were stoked by the combination of increases in public utility jeepney minimum fare, food and core prices as well as currency weakness. In its latest Macro Insights Weekly report titled “As Growth Slows, Will Inflation […]
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