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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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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