Economy

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...

Economic think-tank says policy tightening to hold back PH growth

MANILA -- As inflation tests new heights, soaring to 6.4 percent in August, experts from economic research and analysis firm IHS Markit say further tightening of monetary policy is to be expected,...

Kalanggaman Island posts P18.5-M tourism receipts in 2017

PALOMPON, Leyte -- Income from tourist arrivals in Kalanggaman Island reached PHP18.5 million in 2017, as the picturesque destination continues to draw visitors. Last year’s tourism receipts were PHP2.5 million higher than the...

Piñol: Tawi-Tawi rice center wasn’t presented in ‘proper context’

MANILA -- Department of Agriculture (DA) Secretary Emmanuel “Manny” Piñol on Monday said he was “saddened” that his idea to establish a rice trading center in Tawi-Tawi to end the country’s rice...

Economist projects August inflation at 5.8%

MANILA -- A senior economist of IHS Markit expects that inflation in August further climbed from the five-year high rate of 5.7 percent in July. IHS Markit Chief Economist for Asia Pacific Rajiv...

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