Posts by tag
inflation
‘KEYS MUNA’ | Imminent hotel room shortage—and resulting higher room rates—could derail PHL’s ambition to lure more visitors
DOMESTIC tourists, destination management companies, even lawmakers, have long been complaining about the high cost of going on vacation here in the country, so much so that many now prefer traveling abroad where P20,000 can buy them airfare, a three-day/two-night stay and tours.
Stock market today: Asian shares gain despite Wall Street’s tech-led retreat
IMF: PHL growth faster, but jobless rate to rise
WHILE the Philippine economy is expected to post faster growth this year, the jobless rate is also expected to increase in 2024 and 2025, according to the International Monetary Fund (IMF).
Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
Asian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks.
MAV scheme must be nixed, risks corruption–MB member
A SYSTEM that allows traders to import a certain amount of goods at lower tariffs must be abolished, according to a member of the Monetary Board.
Business less optimistic in Q1, cites competition–BSP survey
COMPETITION from foreign traders and more goods in the market were among the reasons that made businesses less optimistic in the first quarter of the year, according to the Bangko Sentral ng Pilipinas (BSP).
‘All about rice’: Inflation busters should focus on rice production
ALBAY Rep. Joey Salceda said Friday that with the recorded increase of inflation in March, the government’s gameplan to help ease the burden of rising prices of basic commodities should be focused on rice production.
Oil firms hike prices this Holy Week
LOCAL pump prices will go up this Holy Week, oil companies announced Monday.
‘Sachet economy provides resilience to sari-sari stores’
ALTHOUGH it wreaks havoc on the Philippine environment, the country’s sachet economy is one major factor that provides resilience to the sari-sari (variety) stores.
Hotel owners urge House: Don’t pass wage hike bill
MAJOR hotel owners in the country believe the approval of a legislated wage hike will disrupt the momentum in the recovery of the tourism industry.
‘Too soon’ to declare victory vs. inflation
IT’S too early for the country to “declare victory” against inflation, giving the Bangko Sentral ng Pilipinas (BSP) more reason to keep monetary policy tight longer than expected.
Fund traders see inflation decelerating
FUND traders from Sun Life Investment Management and Trust Corp. (SLIMTC) see a “stronger” Philippine economy as inflation has decelerated.
HSBC economist says wage hike to accelerate inflation rate
AN economist of the HSBC Holdings Plc. Asean business said an 8-percent increase in the minimum wage in the country would hike inflation by 1.2 percentage points.
Ignoring business groups, Senate approves wage hike
THE Senate, voting 20-0, on Monday approved on third and final reading a bill mandating a P100 daily pay increase for minimum wage earners in the private sector, amid last-minute appeals by major business groups to hold it. They cited its impact on inflation and the financial damage to small and medium enterprises.
‘PHL to fare better on slower inflation’ in 2024
THE Philippine economy is expected to do better this year on the back of slower inflation that may spur private consumption and investments, according to Moody’s Analytics.
PSA data: PHL badly missed 2023 merchandise trade goals
THE country missed its merchandise trade goals last year as data from the Philippine Statistics Authority (PSA) showed both exports and imports contracted between January and December 2023.
BSP chief endorses non-monetary measures against inflation to PBBM
The Bangko Sentral ng Pilipinas (BSP), in an open letter to President Ferdinand R. Marcos Jr. Friday, stressed the importance of non-monetary measures to address inflation this year.
DOF not rushing new taxes amid ₱4.3-trillion goal
THE Department of Finance (DOF) is banking on a more efficient and streamlined tax system and better inflation to hit the state’s goal of collecting a record-high of P4.3 trillion in revenues this year, as it is tepid in pushing for new taxes this year.
‘Costlier fares, power, oil to prolong BSP tightening’
THE Bangko Sentral ng Pilipinas (BSP) is expected to maintain its tight monetary policy longer on the back of higher transportation fares, power rates, and oil prices, according to a US-based think tank.
Irony: Rice pricier in areas with higher poverty rates
WHOLESALE rice prices were high in regions that recorded poverty rates above the national average, according to the latest data released by the Philippine Statistics Authority (PSA).
Inflation eases to 3.9% in December with 2023 full-year average at 6%–PSA
POOR households bore the brunt of the recent uptick in rice prices, accounting for a big chunk of the inflation they experienced in December 2023, according to the Philippine Statistics Authority (PSA).
BSP: December inflation may settle at 3.6% to 4.4%
The country’s inflation in December could settle between 3.6 percent to 4.4 percent driven by higher prices of rice and meat, according to the Bangko Sentral ng Pilipinas (BSP).
4 in 10 Pinoys food-insecure in next 6 mos, says study
EVEN if inflation has slowed down, the uncertainty among many Filipinos on whether they have food to eat for the next six months is seen to continue in the long run.
To ease inflation, Neda backs logistics relief
LIFTING toll charges for food trucks as well as expanding exemption of pass-through fees to non-rice food items could further bring down inflation, according to the National Economic and Development Authority (Neda).
PPA fee hike will hurt consumers—Experts
FILIPINO consumers already reeling from higher inflation could again be at the receiving end of the proposed increase in port storage fees, according to local economists.
BARMM October inflation drops to 5.5%
DAVAO CITY–The Philippine Statistics Authority (PSA) in the Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) reported that inflation in the region dropped more than one percentage point compared to its previous month high of 6.4 percent.
2 think tanks: Growth to be off-target in Q4
THE country’s economic growth will fall short of expectations in the last quarter of the year as Filipinos continue to struggle with high inflation.
Inflation may have breached 6% mark in September–BSP
Expensive oil and electricity prices as well as the depreciation of the peso may have caused inflation to breach the 6-percent mark in September, according to the Bangko Sentral ng Pilipinas (BSP).