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.
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.
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.
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.
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.
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.
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.
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.
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.