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December inflation proves lower than forecast and slows to only 3.9 percent

Inflation, or the rate of change in prices, slowed to only 3.9 percent in December from 4.1 percent the previous November, according to the Philippine Statistics Authority.

Advocates support removing economic restrictions under 1987 Constitution

Heavyweight advocates and thought leaders at the Foundation for Economic Freedom (FEF) called on government on Thursday to lift decades-old Constitutional prohibitions they assert serve only as binding constraints to the economic growth and development of the country.  

11-month NG debt rises to P14.51 trillion

The outstanding debt of the  national government in November stood at P14.51 trillion, up P27.92 billion from the level in October due mainly to the net issuance of treasury debt papers in the domestic capital market for budget support.

Philippine foreign arrivals hit 5.45M in 2023, exceeds target

The Philippines surpassed its international visitor arrivals in 2023, recording 5.45 million foreign tourists that contributed an estimated P482.54 billion to the economy, Tourism Secretary Christina Garcia Frasco said.

Philippines hopeful of exiting global money laundering ‘grey list’ 

The Philippines is hopeful of being taken off the money laundering 'grey list' of the Financial Action Task Force (FATF) of this year, the country's Anti-Money Laundering Council said on Tuesday.

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Meralco holds animal welfare event for anniversary

The Manila Electric Company (Meralco) marked its 123rd founding anniversary by hosting an animal welfare event aimed at promoting responsible pet ownership, public health, and safer communities.

Biofuels pushed as buffer vs oil supply risks

Stakeholders in the local biofuels industry are urging the government to maximize the use of locally produced biofuels to help protect the country from possible fuel supply disruptions caused by the continuing conflict in the Middle East.

DA-FTI assures sufficient P20 rice supply, urges responsible purchasing

The Department of Agriculture (DA) and state-owned Food Terminal Inc. (FTI) on Friday urged Filipinos not to abuse the government’s subsidized rice program, warning that unusually large crowds at distribution sites are creating the false impression of a supply shortage.

Salceda sees crude oil above $80/barrel, volatility easing

Crude oil prices are likely to remain above USD80 per barrel in the coming weeks, but the era of massive pump price surges may already be fading, according to economist and former Albay congressman Joey Salceda.

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