Top News
Gov’t hikes socialized housing price ceilings
The government has raised price caps for socialized housing to speed up the rollout of its flagship 4PH program, according to a joint directive from the Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning and Development (DepDev).
Holiday spending expected to be muted
Holiday spending is expected to be muted this year as consumers prioritize basic necessities over wants, experts said.
Factory activity slowed in November
The S&P Global Manufacturing PMI, a lead indicator that tells on key metrics such as output growth and inflation, dropped to 47.4 from 50.1 in October. Anything below 50 means the sector is shrinking. This also marks the biggest decline since August 2021.
DA sets ₱120 price cap on onions to curb holiday surge
The Department of Agriculture (DA) begins enforcing a ₱120-per-kilo suggested retail price for red and white onions tomorrow, December 1, to cool sharp price increases ahead of the Christmas season.
Inflation seen no higher than 1.9% in November
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.
