Headline inflation in the Philippines quickened to 1.7 percent in September, the fastest pace since March, as rising transport, food, and restaurant costs drove up consumer prices, the Philippine Statistics Authority (PSA) reported on Tuesday.
Headline inflation accelerated in August, climbing to 1.5 percent from 0.9 percent in July, as food prices—particularly for fish and vegetables—rose amid supply bottlenecks caused by a series of storms and widespread flooding, the Philippine Statistics Authority (PSA) reported on Friday.
The average price of regular milled rice fell 20 percent year-on-year to P40.66 per kilo in the first half of August, potentially easing overall inflation if the downtrend holds through month-end.
Treasury bill yields declined at Monday’s auction as investors shifted focus back to short-term debt following the auction of five-year retail treasury bonds last week, and amid growing anticipation of potential monetary policy easing.
The Philippine Competition Commission (PCC) has given the green light to a strategic joint venture between listed conglomerate Ayala Corp. and EMIF II Holding III B.V., clearing the latter’s acquisition of a roughly 40 percent stake in AC Logistics Holdings Corp.
The newly installed head of the Philippine Chamber of Commerce and Industry (PCCI) is placing digitalization at the core of his agenda, arguing that stronger connectivity and smarter systems could unlock growth for millions of small businesses—and improve the country’s overall investment appeal.
US equities advanced further on Tuesday, extending gains as investors weighed geopolitical fallout and rotated across sectors. Markets had surged on Monday after American forces captured Venezuelan President Nicolás Maduro over the weekend, resetting expectations around energy and regional risk.