BSP: July inflation rate may hit 5.8%

Inquirer.net 08/01/2018

PRICE increases for basic goods and services were expected to have risen at a faster pace for the month of July due to higher electricity and water rates as well as petroleum prices, economists of the Bangko…

The impact of higher interest rate on prices, output and employment

Fernando Fajardo 06/21/2018

In response to rising inflation rate, the Bangko Sentral ng Pilipinas (BSP) raised its overnight reverse repurchase rate from 3.25 percent to 3.50 percent during its meeting last Wednesday. A similar increase was done only 6 weeks…

New Central Visayas minimum wage rate unfair to labor

Fernando Fajardo 06/14/2018

The regional tripartite productivity and wage board (RTPWB) just announced an increase in the minimum wage rate of P20.00 pesos per day for Class A areas and P15.00 for Class B, C, and D areas. Class A…

No VECO power rate hike this year; slight increase eyed next year

Jose Santino S. Bunachita 06/07/2018

NO significant increase in electricity bills are expected for consumers of the Visayan Electric Company (VECO) this year in spite of increasing oil prices and the Tax Reform for Acceleration and Inclusion (TRAIN) law. According to Bernard…

Is P10,000 monthly income enough for a family of five?

Fernando Fajardo 06/07/2018

In 2015, the government set the poverty threshold at P9,064 monthly for a family of five. Poverty threshold is the level of income that a family must receive to set it apart from those considered officially by…

Jobless rate down, but underemployment up

Inquirer.net 06/05/2018

THE jobless rate slightly declined to 5.5 percent in April although underemployment inched up to 17 percent, the government reported Tuesday. Preliminary Philippine Statistics Authority (PSA) data showed that the unemployment rate improved from 5.7 percent in…

Putting the brakes on fare rate hikes

Editorial 05/23/2018

A transport fare increase may be unavoidable, but it can be negotiated and that’s where the commuters should actively make their sentiments known amid plans by transport groups to raise fare rates in Metro Cebu by P10…

Unavoidable fare rate hike

STEPHEN CAPILLAS 02/08/2018

With fuel prices in the country on the rise regardless of the oil price fluctuations in the global market — and it may even worsen depending on world fuel prices — due to the government’s controversial Tax…

Exec: Biz competitiveness to temper inflation rate

Jose Santino S. Bunachita 02/06/2018

AMID a 39-month high inflation rate of four percent last January, business leaders in Cebu remain confident that this will soon stabilize. And one important factor in normalizing the rate of inflation in the country is business…

SSS to hike contribution rate in April

Inquirer.net 01/30/2018

  The planned hike in members’ contribution rate to 14 percent from 11 percent at present is expected to be implemented in April as top officials of the state-run Social Security System (SSS) expect President Rodrigo Duterte…

‘Pay for volume, not hourly rate for garbage’

Inna Gian Mejia, Jose Santino S. Bunachita 10/12/2017

Barug Team Rama bloc says they were unable to review contract Instead of paying hourly rates to private garbage trucks to collect Cebu City’s garbage, some opposition councilors suggested that they be paid based on the volume…

Commuters against P8 fare rate

Fe Marie D. Dumaboc 10/02/2017

More commuters came forward to oppose a P1 fare rate increase sought by Cebu-based transport groups in yesterday morning’s hearing held by the regional Land Transportation Franchising and Regulatory Board (LTFRB-7). And one of the reasons is…

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