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MANILA—The Philippine economy grew 5.9 percent year-on-year in the third quarter, faster than the 4.3-percent expansion recorded in the second quarter and exceeding market expectations, the Philippine Statistics Authority reported Thursday, November 9, 2023. This brought to…
Manila, Philippines— The Philippines’ inflation rate slowed sharply in October, as harvests boosted the supply of rice and vegetables in the market and took the steam out of food costs. Consumer prices rose 4.9 percent on-year last month,…
NEW YORK—A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a…
MANILA—Fuel prices are expected to lower as a rollback is set on Tuesday, October 10, 2023. This as local oil firms announced cuts by up to P3.05 per liter. In separate advisories, the companies said they would cut…
MANILA—Prices of gasoline and kerosene will again decline while price of diesel will increase on Tuesday, October 3, 2023. The price of gasoline will drop by up to P2 per liter while kerosene by 50 centavos per…
MANILA—After two and a half months, motorists are still expected to reel from increases in the pump prices of petroleum products, as local oil companies announced that fuel prices will again increase by more than P2 per…
BACOLOD CITY — Plans to create the Negros Island Region (NIR) will be tackled in the Senate to make sure it ends up benefitting the economy. This was according to Senator Imee Marcos, who said in a…
CEBU CITY, Philippines — A total of 87 micro rice retailers received cash assistance from the government last Thursday, September 14, 2023. The Department of Social Welfare and Development (DSWD), in coordination with the Department of Trade…
CEBU CITY, Philippines — Cebu City Mayor Michael Rama is set to leave for Russia on Friday, September 8, to attend the 8th Eastern Economic Forum in the City of Vladivostok. Rama, in a press conference via Zoom…
CEBU CITY, Philippines – With the issuance of the Executive Order 39, some rice retailers at the Mandaue City Public Market expressed concern on the future of their business if prices from suppliers remain high. President Ferdinand…
MANILA, Philippines — The Federation of Philippine Industries (FPI) on Wednesday urged the government to limit the implementation of the price ceiling on rice to two to three weeks, warning that prolonging such a regulation could bankrupt…
CEBU CITY, Philippines — The country’s inflation rose to 5.3 percent in August, according to the report of the Philippine Statistics Authority. So how does the inflation, defined as the rate of increase in prices over a…
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