MANILA, Philippines — Industry stakeholders are calling on the Department of Agriculture to bring the excess pork supply from Visayas and Mindanao to Luzon to boost inventory amid the extended enhanced community quarantine. Agriculture group Samahang Industriya ng Agrikultura (Sinag) said bringing surplus pork supply from Mindanao and some regions in the Visayas to Luzon […]
Read MoreMANILA, Philippines — Consumer prices for the country’s poorest households accelerated in March because of higher food prices, the Philippine Statistics Authority (PSA) reported. The consumer price index for the bottom 30 percent income households rose to 2.4 percent in March from 2.1 percent in February, bringing the year-to-date average to 2.2 percent. The uptrend […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) is recruiting individuals to help in crafting a bounce-back plan for the domestic economy once the coronavirus disease 2019 (COVID-19) pandemic is under control. In a statement, Finance Assistant Secretary Antonio Lambino said the DOF’s Strategy, Economics and Results Group (SERG) is currently building a team which […]
Read MoreMANILA, Philippines — The number of potential job losses in the global travel and tourism sector due to the coronavirus disease or COVID-19 pandemic has increased by 30 percent, the World Travel and Tourism Council (WTTC) said. Data from the WTTC show that job losses in the global industry could reach up to 100.8 million […]
Read MoreMANILA, Philippines — Inflation is seen easing further below two percent in the third quarter and the first quarter of next year due to the slump in crude oil prices as well as the expected global economic recession amid the coronavirus pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Dennis Lapid, director of the […]
Read MoreMANILA, Philippines — Local airlines are seen taking a deeper revenue hit this year amid the worsening impact of the coronavirus disease 2019 pandemic in the Asia- Pacific region. Based on the latest estimates from the International Air Transport Association (IATA), passenger demand in the country could decline by 47 percent this year, resulting in […]
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