Tag: inflation

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Rice prices may help temper inflation despite surge in other food costs

Rice prices may continue to ease inflationary pressure this July, even as the cost of other key food items rises with the onset of the rainy season, according to preliminary data from the Philippine Statistics Authority (PSA).

Inflation edges higher on housing, education

Headline inflation in the Philippines rose to 1.4 percent in June, up from May’s six-year low of 1.3 percent, driven by increased housing and utilities costs—especially electricity—and a seasonal increase in education services following the start of classes. 

Rice price drop in June may slow inflation; broader risks remain

Inflation in June appears poised to continue its descent following May’s six‑year low of 1.3 percent—a drop largely fueled by a sharp decline in rice prices, according to the Philippine Statistics Authority (PSA).

Philippines sets P6.793T budget for 2026

The Development Budget Coordination Committee (DBCC), chaired by Budget Secretary Amenah F. Pangandaman, has approved a proposed P6.793 trillion national budget for 2026, up 7.4 percent from this year’s Projected 6.326 trillion allocation.

Rice prices dip in June, may slow inflation further

The Philippine Statistics Authority's early June survey indicates a continued decline in regular milled rice prices, averaging P42.77 per kilogram—down nearly seventeen percent from P51.31 in the same period last year and slightly lower than May’s P43.64. 

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SMHCC wins awards for workplace inclusion, engagement

SM Hotels and Conventions Corp. (SMHCC) has won two major workplace awards for inclusion and employee engagement, highlighting its efforts to strengthen talent retention and development in the hospitality industry.

Century Properties expands in Cavite with P5.6-B project 

Century Properties Group (CPG) is putting P5.6 billion into a premium housing project in General Trias, Cavite, as it expands beyond Metro Manila to capture rising residential demand around Southern Luzon’s growing industrial and employment centers.

BOP narrows as stronger inflows boost economic activity

The nation's overall balance of payments, or what is left after its foreign exchange expenses are deducted from its earnings, recorded a smaller deficit in the first half of 2026, driven by a surge of cross-border financial activity that helped absorb a widening trade gap. Bangko Sentral ng Pilipinas (BSP) covering January to June reveals the external balance logged a $3.9 billion deficit—representing 1.6 percent of gross domestic product—marking a noticeable improvement from the $5.6 billion shortfall, or 2.4 percent of GDP, recorded during the same period last year.

Ten Filipinos named National Artists for 2025

The Philippines has added 10 influential names to one of its highest cultural honors, recognizing artists whose work has helped shape how Filipinos build their cities, move their bodies, tell stories, preserve traditions, and see themselves as a nation.

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