The Bangko Sentral ng Pilipinas (BSP) expects inflation in November to settle between 1.1 percent and 1.9 percent, citing rising prices for rice, fish, and fruits due to recent bad weather.
The Philippines scored a major vote of confidence as S&P Global Ratings affirmed the country’s investment-grade credit rating, saying the economy remains one of Asia’s strongest despite a temporary slowdown.
The national government (NG) on Wednesday reported posting a P11.2-billion budget surplus in October, marking a 76 percent increase from the same month last year. This improvement helped narrow the fiscal deficit to P1.11 trillion for the first ten months of the year, keeping the government on track with its full-year consolidation goals.
Agriculture Secretary Francisco P. Tiu Laurel Jr. is urging farmers, local governments, and ordinary citizens to help monitor the construction of farm-to-market roads (FMRs), warning that inefficiencies and corruption in rural infrastructure continue to undermine food production and farmer incomes.
Amid yet another round of political upheaval—this time sparked by widespread corruption in infrastructure projects—leading Filipino business leaders remain confident that once the noise subsides, the Philippines will again find its path to growth, its resilience tempered by decades of far darker shocks.