Tag: main
Browse our exclusive articles!
August inflation eases to 3.3 percent on slower increases in rice price, other food items
Headline inflation in the Philippines slowed to 3.3 percent in August 2024, its slowest pace since January this year, as increases in the prices of rice, other food items as well as the cost of transport and cooking gas eased, the Philippine Statistics Authority said Thursday.
Outstanding national government debt rises to P15.69 trillion in July
The National Government's outstanding debt reached P15.69 trillion as at end-July 2024, up by P206.49 billion or 1.3 percent from June due to net issuances of domestic and foreign debt.
Farm trade deficit widens in 2Q despite higher farm exports
The Philippines continued to experience a significant agricultural trade deficit in the second quarter of 2024, even as agricultural exports saw a double-digit increase. The deficit widened to USD3.07 billion in the second quarter after a trade gap of USD2.62 billion in the first quarter of the year.
BPI sets aside P3 billion in affordable housing loans
The Bank of the Philippine Islands has allocated P3 billion with its entry in the socialized and affordable housing segment of the market.
Bank lending resilient in double digits in latest central bank count
The monetary authorities reported bank lending remaining resilient and still growing in double digits, averaging 10.4 percent in July.
