Economy

Economic intervention needed to cushion Bicol inflation: Salceda

LEGAZPI CITY -- Albay Rep. Joey Salceda on Tuesday called for an immediate economic intervention to mitigate the effects of soaring inflation in the Bicol region. Salceda said the 9-percent inflation rate that...

Trade concerns continue to weigh down local markets

MANILA -- Trade tensions overseas weighed down both the local bourse and the peso on Monday, with US President Donald Trump's threat to slap Chinese products additional tariff on top of the...

Measures to curb inflation underway: Lambino

MANILA – An official of the Department of Finance (DOF) allayed fears surrounding the country's elevated inflation rate, citing recently approved measures aimed at addressing supply constraints. DOF Assistant Secretary Tony Lambino, during...

6.4% inflation not reason to panic: Palace

MANILA – Malacañang on Friday maintained that there is no reason to panic despite an inflation that hit a nine-year high at 6.4 percent in August. “This 6.4 is not unprecedented in our...

Peso stays afloat, local shares down on trade concerns

MANILA -- A host of concerns, both from overseas and in the domestic front continue to haunt Philippine equities but the peso was able to stay afloat as the week's trading came...

BSP to ‘take strong immediate action’ vs. inflation

MANILA -- The Bangko Sentral ng Pilipinas (BSP) has affirmed its readiness to “take strong immediate action using the full range of instruments in its toolkit” to address threats generated by higher-than-expected...

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