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We survived 2022—a remarkable achievement considering that we had war, inflation, recession, natural disasters, food, and energy shortages all in one year. Moreover, 2022 world population exceeded eight billion, with another billion in 15 years’ time. By…
Inflation jumped to 8% according to the official November 2022 figures of government. That is painful news. More painful, though, is that the continuing rise of inflation is being driven strongly by rising food prices. To think…
MANILA, Philippines — While he admitted that inflation is “running rampant and out of control,” President Ferdinand Marcos Jr. on Tuesday said the Philippines is still on track “to maintain a strong economic performance” and achieve the…
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…
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…
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…
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