MANILA, Philippines — Even as the rise in the prices of consumer goods was tempered last month, inflationary pressures remain due to the normalization of oil prices and still elevated meat prices, according to the Department of Finance (DOF). In an economic bulletin over the weekend, Finance Undersecretary and chief economist Gil Beltran said base […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep interest rates at record lows this week amid the projected slow recovery from the pandemic-induced recession and steady inflation for the month of April. In its latest economics insights, Bank of the Philippine Islands (BPO) said the Monetary Board may keep its policy rate […]
Read MoreMANILA, Philippines — The government needs to open up public transportation to reduce the cost of mobility, especially in Metro Manila, as economists yesterday warned inflation may shoot up to seven percent within the year. Former socioeconomic planning secretary Ernesto Pernia said the Philippines may experience the same inflation rates it endured in 2018 if […]
Read MoreMANILA, Philippines — Trade soared to its highest level in 17 months in March, buoyed by a record export performance and nascent import growth that nonetheless failed to convince economists external activity had finally turned a corner. External trade grew 22.5% year-on-year to $15.78 billion in March, the largest since the $16.26 billion worth of shipments recorded […]
Read MoreMANILA, Philippines — The number of unemployed Filipinos last March declined to its lowest level since the start of the pandemic last year, the Philippine Statistics Authority (PSA) said. The latest labor situation report of the PSA showed that the unemployment rate eased to 7.1 percent in March, equivalent to 3.44 million unemployed Filipinos in […]
Read MoreMANILA, Philippines — Factories continued to pull back from producing goods in March, with their declining trend turning for the worst, a grim milestone that provides evidence the economy failed to mount a compelling rebound in the first quarter. The report was not so bad as it seems though as more transport and electrical equipment, as well as […]
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