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MANILA, Philippines — Inflation further slowed to 3.8 percent year-on-year in February, the slowest rate of increase in prices of basic goods in a year. Headline inflation returned within the government’s full-year target range of 2-4 percent…
CEBU CITY, Philippines — Businesses face rising operating costs and lower net income due to the imposition of the additional P2 excise tax on oil products. Bob Gothong, chief executive officer of Gothong Southern group, admitted that…
YEAREND REPORT First of two parts The year 2018 has brought a lot of “economic shocks” not just for the local business community in Cebu but for the entire country. Right at the start of the year,…
When interest rate goes up, expect investments, including the interest rate sensitive consumption expenditures, to fall. The government placed the country’s inflation rate last month at 6.0 percent. It is actually lower in Metro Manila at 5.8…
Pump prices are expected to fall further even as crude oil producers are considering a return to production cuts in a bid to avert a possible price crash similar to what happened in 2014. Oil producing countries,…
Soon the Advent season will arrive and after this, the season of Christmas. Small to big time traders are trying to cash in and have started to raise prices of goods and services. It is incumbent upon…
Inflation in October rose 6.7 percent year-on-year, the same rate of increase in prices of basic commodities as last September, an over nine-year high. But National Statistician Lisa Grace S. Bersales noted that the month-on-month increase in…
GOVERNMENT officials are pushing for rice tariffication as a bid to help temper the country’s high inflation rate. Department of Trade and Industry in Central Visayas (DTI-7) Regional Director Asteria Caberte said that it is important to…
The Department of Trade and Industry in Central Visayas (DTI-7) is assuring the public that the government is putting in place measures to arrest the continued increase in prices of basic commodities. Among these measures is to…
DOMESTIC inflationary pressures — which made local consumer prices accelerate to their fastest levels in almost a decade in recent months — seem to be abating and may, in turn, make the central bank pause from its…
Monetary authorities conceded to missing their 2-4 percent target band for inflation this year and next. They see prices averaging 5.2 percent in 2018 and 4.3 percent in 2019. To combat surging prices, the government plans to…
The availability of more supply in the coming days is expected to reduce the prices of commercial rice by as much as P3 before the end of the month, said National Food Authority Central Visayas (NFA-7) director…
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