Top News
January GIR rises to $99.7B
The country’s gross international reserves (GIR), an indicator of capacity to pay for trade and debt obligations, rose to $99.7 billion as of end-January 2023 from the end-December 2022 level of $96.1 billion.
DOF chief says improved agri sector, energy security to stabilize inflation
The Department of Finance (DOF) believes improved productivity in the agriculture sector and stable energy supply will help tame inflation that pushed past expectations...
DBM urges public to participate in preparation of 2024 budget
The Department of Budget and Management (DBM) is urging the public to participate in the government's budget preparation process to ensure a responsive allocation and contribute to the achievement of the country's development goals.
January inflation accelerated to 8.7% on year
The rate of change in the price of consumer goods and services accelerated to 8.7 percent year-on-year in January, its fastest pace since the 9.1 percent recorded in November 2008, on account of higher cost of house rental, utilities, food and transportation.
On the economy, while IMF frets, Guinigundo sizzles
Key International Monetary Fund (IMF) officials urged central banks to ensure that their policy responses remain appropriately restrictive and should stay in place long...
