Economy

Number of ‘Ompong’-affected families now at 507K

MANILA -- As the government intensifies its efforts to aid communities severely devastated by Typhoon Ompong last week, the National Disaster Risk Reduction and Management Council (NDRRMC) announced that families affected by...

DA eyes boosting cheaper food’s entry into MM

MANILA -- The Department of Agriculture (DA) on Friday bared plans to flood Metro Manila with lower-priced locally-grown agricultural produce to make food affordable and to counter profiteering. The department plans to open...

State of calamity declaration to tame inflation after ‘Ompong’: NEDA

MANILA -- The declaration of a state of calamity in areas affected by Typhoon ‘Ompong’ can ease inflationary expectations on account of its devastation, the National Economic and Development Authority (NEDA) said...

Private sector vital in addressing housing need: NEDA

MANILA -- The government is tapping the support of the private sector in addressing the country’s housing need, the country’s chief economist said. Socioeconomic Planning Secretary Ernesto Pernia pointed out that housing needs...

Peso stays firm, PSEi slides on trade war, storm aftermath worries

MANILA -- The Philippine peso showed resilience, closing little changed against the greenback on Wednesday while the Philippine Stock Exchange index (PSEi) fell anew, partly on investors' persistent worries about the inflationary...

Robust growth seen to widen PH’s current account deficit

CLARK, Pampanga -- An economist of Barclays forecasts continued widening of the Philippines’ current account deficit to above two percent of gross domestic product (GDP) as the country imports more to meet...

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