Tag: inflation

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US inflation surprise spurs Wall Street rally

U.S. stocks jumped Thursday after a long-delayed inflation report delivered a clear upside surprise, snapping Wall Street out of a four-session slide and reigniting hopes for interest-rate cuts.

Slower November inflation bolsters case for BSP rate cut

Inflation cooled to 1.5 percent in November, its slowest pace in three months, as rice and corn prices stayed down and cost pressures across several key consumer items eased, the Philippine Statistics Authority reported Friday. 

Food price slowdown keeps inflation steady at 1.7% in October

Philippine headline inflation held steady at 1.7 percent in October 2025, unchanged from September and slower than the 3.0 percent recorded a year earlier, as food and transport costs continued to ease, the Philippine Statistics Authority (PSA) reported.

September inflation accelerates, still below BSP target

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.

Inflation accelerates in August on higher food prices

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.

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ADB: Philippines stays course despot inflation surge

Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday. 

Alsons Power highlights need for timely outage reporting

Alsons Power Group emphasized the importance of promptly reporting power outages to maintain stable and reliable operations.

DigiPlus profit in Q1 falls as access rules bite

DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.

DICT targets up to 80% cut in broadband costs by 2028

The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.

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