The average interest rates on treasury bills rose at Monday's auction, reflecting concerns over inflationary pressures following the release last week of November data, which showed a pick-up in price increases driven by supply bottlenecks caused by recent weather disturbances.
The Philippines is expected to remain resilient over the next two years, fueled by strong domestic consumption, infrastructure investment, and an expanding services sector, according to a new report from the Philippine Institute for Development Studies (PIDS).
The country's gross international reserves (GIR) dropped to USD108.5 billion as of end-November 2024, down from USD111.1 billion in October, according to the latest...
The unemployment rate eased to 3.9 percent in October 2024 from 4.2 percent in the same month last year, with the number of jobless Filipinos declining to 1.97 million from 2.09 million.
Filipino motorists face yet another round of pump price increases this coming Tuesday, underscoring the ongoing volatility of domestic fuel costs driven by compounding international crises. According to Jetti Petroleum president Leo Bellas, gasoline prices are projected to rise between P1 and P1.50 per liter, while diesel prices could jump by P1.75 to P2.25 per liter. This upcoming price hike follows the previous week’s substantial surge of P2.49 per liter for gasoline, P3.84 for diesel, and P5.01 for kerosene, highlighting how rapidly fuel rates are creeping higher almost every single week.
Damage to the agriculture sector from the southwest monsoon (habagat) enhanced by Tropical Cyclones Luis, Maymay, and Neneng has risen to ₱1.79 billion, the Department of Agriculture (DA) reported in its 10 a.m. advisory on August 22.
The Department of Agriculture (DA) has launched a stricter, nationwide campaign against counterfeit, unregistered, adulterated, and illegally produced farm inputs, moving to shield farmers from financial and livelihood losses while ensuring fair competition for legitimate industry players.