Solutions to transpo woes, inflation: What Cebuanos want to hear from Pres. Marcos Jr.’s 1st SONA

Mary Rose Sagarino, Morexette Marie Erram, Pegeen Maisie Sararana, Wenilyn Sabalo 07/25/2022

CEBU CITY, Philippines – President Ferdinand ‘Bongbong’ Marcos Jr. will deliver his first State of the Nation Address (SONA) today, July 25.  In Cebu, where the President got a landslide victory during the May 9 national and…

Bakeries shrink ‘pandesal’ as inflation bites

Agence France Presse 07/25/2022

MANILA, Philippines — As the war in Ukraine pushes up wheat prices and a weaker peso raises the cost of imported edible oil, many Philippine bakers are shrinking the size of a popular breakfast roll to cope with…

Central Visayas posts highest inflation rate — 5.7% in June

Morexette Marie B. Erram 07/10/2022

CEBU CITY, Philippines — Consumers in Central Visayas were not spared by the continuous increase in the prices of basic commodities. In fact, last June, the region posted its highest inflation since 2018, the Philippine Statistics Office…

High inflation: Your P1 is now worth only 87 centavos

Kurt Dela Peña - Content Researcher Writer / @inquirerdotnet 07/07/2022

MANILA, Philippines—While President Ferdinand Marcos Jr. expressed disbelief at the June 2022 inflation rate announced by state statisticians, saying that “we’re not that high,” the Philippine Statistics Authority (PSA) declared that it “stands by its data.” The…

Capitol plans to revive ‘Tindahan sa Kapitolyo’

Morexette Marie B. Erram 07/06/2022

CEBU CITY, Philippines – To help Cebuanos cope with inflation, the Cebu Provincial Government is mulling to revive one of its programs introduced during the pandemic.  Gov. Gwendolyn Garcia said the Capitol is studying plans and measures…

Meeting inflation head-on

Cielito F. Habito - @inquirerdotnet 07/05/2022

In my childhood days in the 1960s, we would watch on our dark Radiowealth TV screen “Da’ Best Show,” a daily early evening variety show that featured comedy skits with veterans Sylvia La Torre, Oscar Obligacion, Ading…

What’s the BSP doing?

Cielito F. Habito - @inquirerdotnet 06/28/2022

The Bangko Sentral ng Pilipinas (BSP) has been criticized—wrongly, I think—for being “dovish,” “behind the curve,” or not acting fast enough in response to speeding inflation and exchange rate movements. It seems to me that economists (as…

Taming inflation

Cielito F. Habito - @inquirerdotnet 11/09/2021

Among economic issues, rising prices always tops the list of people’s worries. Surveys consistently show inflation management to yield the lowest approval rating in the list of items respondents are asked to judge the government on. There…

Asian markets mixed as inflation fears play against recovery hopes

Agence France Presse 02/18/2021

HONG KONG – Asian markets were mixed Thursday on profit-taking and growing worries about inflation, which offset long-running optimism about the global recovery as vaccines are rolled out, infection rates slow and Joe Biden’s stimulus winds through…

Prices kept low by gov’t fiat don’t work

Solita Callas-Monsod - @inquirerdotnet 02/13/2021

The front-page picture of empty meat market stalls in this newspaper’s Tuesday issue recalled to mind the same scene I witnessed in a market somewhere in China 50 years ago. A group of Filipinos headed by Charito…

Economists urge more food imports to temper price spikes

Ben O. de Vera - Reporter / @bendeveraINQ 02/06/2021

MANILA, Philippines — More economists are urging greater importation in view of expensive food that jacked up the inflation rate to a two-year high of 4.2 percent year-on-year in January. “Our priority right now is to ensure…

Price hikes likely to remain muted as Aug. inflation comes in below BSP’s forecast

Daxim L. Lucas - Reporter / @daxinq 09/04/2020

MANILA, Philippines — Price pressures on basic goods and services will likely remain muted over the near term, according to the central bank, as it welcomed the lower-than-expected August inflation rate which came in below the monetary…

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