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Inflation nudges higher in May to 3.9%
Inflation nudged higher in May to 3.9 percent, lower than most analysts' forecasts averaging 4 percent, versus only 3.8 percent in April, the Philippine Statistics Authority said on Wednesday.
NEDA Board slashes rice import duty to 15% from 35% to tame inflation
The NEDA Board, chaired by President Ferdinand Marcos Jr., has approved the reduction of tariff on rice to 15 percent from 35 percent to substantially lower the cost of the staple and ease its impact on inflation, whose elevated level has kept the central bank from cutting interest rates to help spur greater economic activity.
Government outstanding debt rise to P15.02 trillion in April
The total outstanding debt of the national government in April reached P15.02 trillion, marking a rise of P91.50 billion or 0.61 percent from March 2024.
Luzon 2023 port collection up even as Visayas ports prove a disappointment
The various ports across the country posted revenue collection averaging 2.5 percent more in 2023 than in previous year, based on preliminary data generated by the Bureau of Customs in April this year.
May inflation seen as high as 4.5%
Inflation, or the rate of change in prices, is forecast as high as 4.5 percent in May and should not prove lower than 3.7 percent during the month, the Bangko Sentral ng Pilipinas said on Friday.
