Businessman Secretary Francisco Tiu Laurel Jr. was sworn-in Friday by President Ferdinand Marcos Jr. as new agriculture secretary, confident that Laurel’s affinity with the sector will help him rally farmers and fisherfolks to make the country food secure.
The Bangko Sentral ng Pilipinas (BSP) forecasts inflation to have eased in October and should not top 5.9 percent or significantly lower than the headline print of 6.1 percent in September.
The total outstanding debt of the Philippine government declined in September by P80.9 billion to P14.27 trillion due mainly to net repayments of both domestic and foreign debts during the month.
The Bureau of Customs (BOC) exceeded its nine-month collection goal by 2.5 percent to P660.4 billion or by P16.2 billion instead of only P644.2 billion under the program, the Bureau of the Treasury under Bienvenido Y. Rubio, said.