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Cebu Daily News will cease to exist in print version right after the close of the year. CDN will continue to exist though in its new digital format on the internet. The reason? That is where the…
Where are the promised jobs of this administration? Part of it is gone with the TRAIN and inflation that decreased consumer demand. From the labor force survey in October, the government reported that the country’s unemployment rate…
Some sectors are concerned that the economy is overheating. JC Punongbayan in his September 28, 2018 Rappler article cited the International Monetary Fund, the World Bank, the ASEAN+3 Macroeconomic Research Office, and Fitch as among those which…
When interest rate goes up, expect investments, including the interest rate sensitive consumption expenditures, to fall. The government placed the country’s inflation rate last month at 6.0 percent. It is actually lower in Metro Manila at 5.8…
We measure the success of agriculture programs by the increase in farm output, the increase in income of the farmers, and by the improvement in their well-being. It is now more than 70 years since independence and…
By end of last year, however, none of the 55 flagship projects had taken off. After the visit of President Duterte to Beijing, the government immediately announced that China has pledged $24 billion to finance the country’s…
When interest rates are high, the cost of doing business will be high. This will force business to charge more for their products. When there is inflation, the BSP responds by raising interest rates to lower it.…
Government spending more than before, however, may also lead to much larger government deficits and to higher inflation rate. As reported yesterday by the Philippine Statistics Authority (PSA), the country’s Gross Domestic Product (GDP) grew by 6.1…
Monetary authorities conceded to missing their 2-4 percent target band for inflation this year and next. They see prices averaging 5.2 percent in 2018 and 4.3 percent in 2019. To combat surging prices, the government plans to…
What the government should do instead is to tax the sale of cars, with rates going up the more expensive the units. Then charge them with higher road user’s fee when they register their cars. Early this…
When even the president cannot explain convincingly why prices are rising fast in his watch, something big is missing in the literacy of our people in economics. Of course, the government has a platoon of economist at…
When the economy is overheating or operating above the country’s normal capacity to produce, inflation will follow. So the interest rate is going up now. What is interest rate? Very simply, it is the price we pay…
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