Economy

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...

Higher import costs, not TRAIN, push up housing prices: Pag-IBIG chief

DAVAO CITY -- The head of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, has brushed aside the perceived impact of the Tax Reform Acceleration and Inclusion...

Economists forecast ‘6%-level’ August inflation

MANILA -- Private-sector economists forecast August's inflation to be in the "six percent-level", slightly higher than what their counterparts in government are predicting. In a report released Friday, ING economist for Asia Prakash...

BSP forecasts August inflation at 5.9%

MANILA -- Philippine monetary officials are expecting inflation to soar even higher in August, about 5.9 percent, or even higher than a month-ago’s multiyear high of 5.7 percent. In a statement Friday, the...

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