Economy

NFA assures continuous sale of low-priced rice

MANILA -- The National Food Authority (NFA) has assured the public that the agency will continue to distribute its PHP27 and PHP32/kilogram rice in the markets to ensure that consumers will...

Biz sentiment declines but outlook brighter for Q4

MANILA -- Business sentiment in the third quarter of 2018 slid to 30.1 percent, the lowest since the first quarter of 2010, from quarter-ago’s 39.3 percent due to inflation concerns, both domestic...

Economists eye 50-bps hike in BSP rates as inflation surges

MANILA -- Several economists are projecting another hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates this September after inflation surged to nine-year high in August 2018 to 6.4 percent. In a...

Gov’t economic managers monitor inflation ‘with vigilance’

MANILA -- Malacañang on Wednesday said the economic team of President Rodrigo Duterte has been monitoring the inflation with vigilance. Presidential Spokesperson Harry Roque made this assurance as inflation hit a nine-year high...

Gov’t accelerating social mitigating measures vs. inflation

MANILA -- Budget Secretary Benjamin Diokno said Wednesday the government is fast-tracking the implementation of social mitigating measures to soften the impact of elevated inflation on the poor. He was referring to, among...

Espenilla: August inflation due to ‘cost push’ factors

MANILA -- The country's top banker described August's higher-than-expected inflation rate as "an unfortunate confluence of cost-push factors", of which "much of it has to do with food supply shocks," particularly on...

Popular