Top News
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.
PH keeps strong credit score as S&P affirms “BBB+” rating
The Philippines scored a major vote of confidence as S&P Global Ratings affirmed the country’s investment-grade credit rating, saying the economy remains one of Asia’s strongest despite a temporary slowdown.
NG posts P11.2-B budget surplus in October
The national government (NG) on Wednesday reported posting a P11.2-billion budget surplus in October, marking a 76 percent increase from the same month last year. This improvement helped narrow the fiscal deficit to P1.11 trillion for the first ten months of the year, keeping the government on track with its full-year consolidation goals.
