Airlines preparing for travel boom MANILA, Philippines — Domestic carriers Philippine Airlines (PAL), Cebu Pacific and AirAsia Philippines will cut ticket prices in April in compliance with the directive to reduce fuel surcharge. PAL, Cebu Pacific and AirAsia Philippines yesterday confirmed that air fares will drop in April just in time to serve the projected […]
Read MoreMANILA : The Philippine central bank said on Friday that the local banking system remains safe and sound, amid concerns over the potential for contagion stemming from banking turmoil affecting some overseas lenders. “We have shown our resilience through the pandemic, and we continue to be strong in the face of the ongoing turbulence in […]
Read MoreMANILA, Philippines — Personal remittances from overseas Filipino workers (OFWs) grew by only 3.5 percent to $3.07 billion in January from $2.97 billion in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). The latest figure was 11.9 percent lower than the monthly record high of $3.49 billion in December last […]
Read MoreCOSTLIER food items led to wholesale prices growing at a faster pace in January, the Philippine Statistics Authority (PSA) reported on Wednesday. The general wholesale price index (GWPI) expanded by 7.0 percent, up from 6.7 percent in December. It was also significantly higher than the 4.6 percent recorded a year earlier. “The increase in the […]
Read MoreMANILA, Philippines — The country’s trade deficit widened by 27 percent as imports continued to outpace exports in January, according to the Philippine Statistics Authority (PSA). Based on PSA data, the trade gap ballooned to $5.74 billion in January, the biggest since the record-high monthly deficit of $6.02 billion in August last year. The latest […]
Read MoreMANILA, Philippines — Retail prices of goods in Metro Manila in January posted their highest increase in over 14 years due to upticks in food prices, according to the Philippine Statistics Authority (PSA). Data released by the PSA yesterday showed the General Retail Price Index (GRPI) growth in the National Capital Region (NCR) was at […]
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