Sustaining the momentum of Ledac

Gary B. Teves - @inquirerdotnet 10/31/2022

President Marcos Jr. recently convened and presided over the first Legislative-Executive Development Advisory Council (Ledac) meeting under his administration, with Senate President Migz Zubiri, House of Representatives Speaker Martin Romualdez, and key Cabinet members in attendance. The…

Gov’t to increase November borrowings to P215B

Ronnel Domingo 10/29/2022

The national government plans to borrow next month from domestic lenders a total of P215 billion through Treasury bonds (T-bonds) and bills (T-bills), higher than the P200-billion monthly goal in September and October as the calendar provides…

Inflation in Central Visayas accelerates to 8.1% in Sept.

Morexette Marie B. Erram 10/12/2022

CEBU CITY, Philippines – For five consecutive months, inflation, which is used to measure the general increase in the prices of goods and services, continues to rise in Central Visayas. The Philippine Statistics Authority here (PSA-7) reported…

Dollar diarrhea

Cielito F. Habito - @inquirerdotnet 10/04/2022

With the peso-dollar exchange rate now seemingly courting P60 to the dollar, our economy appears to be suffering from a case of LDM, or loose dollar movement. Dollars are indeed flowing out of the country for various…

Inflation in Central Visayas jumps to 7.4%

Morexette Marie B. Erram 09/12/2022

CEBU CITY, Philippines – Central Visayas recorded its highest inflation rate last August, the Philippine Statistics Authority in the region (PSA-7) noted. The latest report from PSA-7 showed that inflation in the region reached 7.4 percent in…

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…

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