Top News
Philippines agricultural trade deficit narrows to $2.97B in third quarter
The Philippines remained a net importer of agricultural products in the third quarter, recording a narrower USD2.97 billion deficit in the trade of farm goods, with Filipino consumers effectively enriching farmers in Australia, the US, and other countries in Southeast Asia.
Outstanding NG debt rises to P14.48 trillion in October
The national government’s (NG) outstanding debt at the end of October reached P14.48 trillion, up by 1.5 percent or P212.13 billion from end-September due to the net debt issuance, availment of loans, and the peso’s depreciation against the US dollar, the Bureau of the Treasury said.
Laurel reworks rice import system with a mandatory bond
Agriculture Secretary Francisco Laurel Jr. has overhauled the process by which rice stocks are fortified to ensure uninterrupted supply, saying henceforth rice importers post a mandatory bond equal to 10 percent of any shipment.
Headline inflation slowed to 4.1% in November on slower rise in food prices
A deceleration in the rate of increase in food prices and year-on-year decline in fuel prices slowed headline inflation further to 4.1 percent in November after slipping to 4.9 percent in October, the Philippine Statistics Authority said Tuesday.
Treasury bill yields rise at auction after sharp fall in rates last week
The Bureau of the Treasury (BTr) allowed treasury bill yields to rise at Monday’s auction, allowing some correction in the yield curb following the sharp drop in average rates last week.
