Headline inflation rates in the Philippines (Nov. 2022)

Source: BusinessWorld

The World Bank on Tuesday raised its 2022 Philippine growth forecast, citing a better-than-expected expansion over the first nine months of the year...

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Inflation accelerated to a 14-year high of 8.0 percent in November, the Philippine Statistics Authority (PSA) reported on Tuesday, more than double that recorded a year earlier and up from October's 7.7 percent...
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San Miguel Corp. (SMC) is walking away from its contract to supply electricity to Manila Electric Co. (Meralco) under its Ilijan power supply agreement (PSA), as it could no longer bear the mounting losses caused by the surge in fuel costs that it could not recover through current power rates...
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The World Bank (WB) on Tuesday said the Philippine economy will likely grow by 5.7 percent in 2023, below the government’s projected range of 6 to 7 percent, dragged down by global headwinds affecting most countries today...
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Trade Secretary Alfredo Pascual has signed the implementing rules and regulations (IRR) of the Philippine Creative Industries Development Act (PCIDA), the law that aims to transform the local creative industries that will help boost the country's economic recovery...
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The Private Sector Advisory Council (PSAC) and the Anti-Red Tape Authority (ARTA) on Wednesday called on President Ferdinand "Bongbong" Marcos Jr. to issue an executive order (EO) prescribing the continuance of guidelines to improve internet connectivity in the country...
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The Management Association of the Philippines (MAP) said there is a need to create an atmosphere for the government and private sector to collaborate better in undertaking public-private partnerships (PPPs) initiatives...

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The Asian Development Bank (ADB) has approved a $100-million loan to upgrade and modernize the technical and vocational education and training (TVET) ecosystem in the Philippines...

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The United Nations Conference on Trade and Development (Unctad) said maritime trade growth will fall from 3.2 percent in 2021 to 1.4 percent this year and expects a slow growth from 2023 to 2027 at 2.1 percent per year, a rate below the historical average of 3.3 percent...
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Airlines are expected to return to profit next year for the first time since 2019, before the coronavirus pandemic wreaked havoc in the travel sector, an industry group said on Tuesday...
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Vaccinations against the coronavirus disease 2019 (Covid-19) will continue even after the targets have been reached under the national vaccination program, according to Health Officer-in-Charge Maria Rosario Vergeire...
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The Bangko Sentral ng Pilipinas (BSP) has received 107 requests for Monetary Board opinion (MBO) on local government units' (LGUs) proposed domestic borrowings in the first semester of 2022, down 44.6 from 193 requests received in the same period a year ago...
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WawaJVCo Inc.—a joint venture between tycoon Enrique Razon’s Prime Infrastructure Capital Inc. and Violago family-led San Lorenzo Ruiz Builders and Developers Group Inc.—has made substantial progress in developing the P26-billion Wawa Bulk Water Supply Project in Rizal province...
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The stock market and the peso staged a recovery on Tuesday with investors said to have been heartened by inflation and growth forecast reports...
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