Peso plummets to record-low 59 a Dollar

Ian Cigaral 11/21/2024

The Philippine peso on Thursday, Nov. 21, plummeted to a record-low of 59 to a dollar, a level not seen in over two years, as the strong dollar, bolstered by the US presidential elections, continued to impact…

March inflation hits 3.7% on food price surge

Ian Cigaral 04/05/2024

MANILA, Philippines — Inflation rose to 3.7 percent, up from 3.4 percent in February, mainly driven by increased prices of essential food items such as vegetables, meat, and rice, according to the Philippine Statistics Authority (PSA). Despite…

NEDA Chief: More reforms needed to unlock full benefits of Cha-cha

Ian Cigaral 01/28/2024

MANILA, Philippines  —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in…

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