Inflation surges forward in February to 3.4 percent even though core inflation slows
The rate at which prices change across the Philippines pushed past expert projections in February, averaging higher to 3.4 percent for the month from only 2.8 percent in January, the Philippine Statistics Authority (PSA) reported on Friday.
Insurance penetration diminish further in data cited by Sun Life Grepa
The country's insurance penetration rate, defined as premium written as percent of local output growth or the gross domestic product (GDP), diminished further in 2023 to only 1.68 percent from 1.81 percent in 2023.
Moody’s tracks Ph corruption index a notch higher in 2023
The Philippines ranks among the weakest across the Asia-Pacific region in the important metric of transparency, which measures whether governments and their officials are forthright and accountable, according to Moody’s Analytics.
IMF projects output expansion bouncing back to 6% in 2024
Local output expansion that underwhelmed the economic managers last year at only 5.6 percent in terms of the gross domestic product (GDP) is seen reaccelerated to 6 percent this year, the International Monetary Fund said.
January inflation seen easing further to 3.6%
Above-target inflation averaging 6 percent in 2023 is forecast in January this year to have averaged no more than 3.6 percent, the Bangko Sentral ng Pilipinas said on Wednesday.
