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Residential housing prices continue to rise in 2Q 2024

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The Bangko Sentral ng Pilipinas (BSP) said residential housing units of various types continued to increase in the April to June quarter.  Residential property prices rose 2.7 percent year-on-year, slower than the 6.1 percent growth in Q1 2024. On a quarter-on-quarter (QoQ) basis, housing prices accelerated to 1.8 percent versus only 1.1 percent growth in Q1 2024.

BSP reports improved 3Q indices in both business and consumer sentiment

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The business confidence index rose across the Philippines in the third quarter to 32.9, up from only 32.1 just a quarter earlier, the Bangko Sentral ng Pilipinas reported on Friday.

Economic Development Group endorses RCEF extension, rice fund hike to P15 billion

Agriculture Context.ph Context.ph -
The Economic Development Group, chaired by Secretary Frederick D. Go, supports extending the Rice Competitiveness Enhancement Fund until 2030 and increasing its annual budget to P15 billion from the current P10 billion.

DA bares difficulty in finding fund source for price stability fund

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) on Thursday said a buffer fund of at least P5 billion for the procurement and stockpiling of rice and other agricultural commodities for purposes of stabilizing prices should soon be operational.

BSP discontinues rediscounting window for new DWF

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The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced discontinuing its rediscounting window and replacing it with the Discount Window Facility (DWF) in keeping with global best practices.
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Middle East conflicts force another weekly spike in local fuel prices

Energy & Mining 0
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.

Agri damage from habagat, 3 storms hits ₱1.79B

Agriculture 0
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.

Batang Gilas runs out of gas, settles for eighth

Sports & Entertainment 0
Batang Gilas Pilipinas started with a spark but finished with the wrong kind of déjà vu.

DA escalates nationwide crackdown on counterfeit farm inputs to protect farmers, safeguard food security

Agriculture 0
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.

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