MANILA, Philippines — The number of unemployed Filipinos fell in March amid easing pandemic curbs, but analysts believe rising commodity prices could spoil the job market’s nascent recovery. There were 2.87 million Filipinos who were either jobless or out of business in March, the Philippine Statistics Authority reported Friday, This was lower than the 3.13 […]
Read MoreMANILA, Philippines — The continued price pressure due to global tensions pushed the country’s headline inflation to 4.9 percent in April, its highest rate in over three years, with its downtrend still unlikely in the months ahead. The local consumer basket is now bearing the brunt of the Russia-Ukraine war after headline inflation, or the […]
Read MoreMANILA, Philippines — Economists believe the Bangko Sentral ng Pilipinas (BSP) could deliver aggressive rate hikes amid quickening inflation, as well as the continued interest rate liftoff by the US Federal Reserve. Jun Neri, lead economist at Ayala-led Bank of the Philippine Islands (BPI), said a repeat of a 50 basis points hike by the […]
Read MoreMANILA, Philippines — The Confederation of Truckers Association of the Philippines (CTAP) is seeking government’s help through fuel subsidies on the back of rising fuel prices. CTAP president Maria Zapata hopes the government will eventually recognize the need to grant subsidies to the trucking industry, similar to the policies in other ASEAN countries, as they are […]
Read MoreMANILA, Philippines (Update 1, 11:49 a.m.) — Inflation in April quickened at its fastest in over two years, threatening to derail a nascent recovery as high prices crimp consumer spending. In an online briefing on Thursday, the Philippine Statistics Authority reported inflation accelerated 4.9% year-on-year in April, quicker than the March print of 4%. The latest reading […]
Read MoreMANILA, Philippines — The government capped the month of March with a heavier debt burden, as the Duterte administration continued its pandemic-led borrowing spree to fund a large budget deficit. The state’s liabilities amounted to P12.68 trillion in March, up 4.8% month-on-month, the Bureau of the Treasury reported Tuesday. Explaining the ascent, the Treasury said […]
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