General Wholesale Price Index in the Philippines

Source BusinessWorld

All eyes are now on Ferdinand R. Marcos, Jr.’s Cabinet picks, particularly his economic team, after the former senator appeared to secure a landslide victory in Monday’s presidential election...

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American financial services giant J.P. Morgan dropped the Philippines to the bottom of an investment list comprised of its Southeast Asian peers in a new report released after it became clear Ferdinand “Bongbong” Marcos Jr., the namesake son of the late dictator, was headed for a landslide win on Monday’s presidential elections...

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Different groups of activists and survivors of the Marcos dictatorship will bring before the Supreme Court their case to disqualify the late dictator’s son and namesake, Ferdinand Marcos Jr., over his 1997 tax offense conviction...

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Hundreds of protesters, including activists and youth groups, trooped to the Commission on Elections (Comelec) main office in Intramuros, Manila, on Tuesday morning to slam and question the result of the just-concluded elections, and to oppose the looming victory of Ferdinand “Bongbong” Marcos Jr. in the presidential race...

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Business groups and foreign chambers would like to see the incoming Marcos administration prioritize reforms to attract more foreign investments, assist pandemic-hit small businesses and create much-needed jobs...

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Thirty-one voters were sent home for manifesting symptoms of COVID-19 when they were screened at polling precincts on election day last Monday, the Department of Health (DOH) said yesterday...

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Motorists will start paying higher toll fees at the Manila-Cavite Toll Expressway (CAVITEX) and the North Luzon Expressway (NLEX) starting May 12...

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Philippine Coast Guard (PCG) personnel and students underwent a six-day vessel boarding operations training to enhance their maritime law enforcement capability...

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The deal value of the Southeast Asian (SEA) private equity (PE) market reached an all-time high last year, according to Bain and Co...

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The Federal Reserve (Fed) said on Monday (Tuesday in Manila) that Russia's war in Ukraine and surging inflation were the greatest threats currently facing the global financial system, supplanting the coronavirus pandemic...

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Presidential Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd said the mentorship program of Go Negosyo will be implemented in Association of Southeast Asian Nations (Asean) member countries...

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The United States will soon announce plans to better battle illegal fishing in the Pacific, U.S Indo-Pacific coordinator Kurt Campbell said on Monday, as part of increased U.S. engagement with the region to counter China’s growing influence...

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Russia was behind a massive cyberattack against a satellite internet network which took tens of thousands of modems offline at the onset of the Russia-Ukraine war, the United States, Britain, Canada, and the European Union said on Tuesday...

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Russia’s three-month-long war in Ukraine is at a “bit of a stalemate” and Russian President Vladimir Putin appears to be preparing for a long conflict, top US intelligence officials said on Tuesday...

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A Japanese foreign minister arrived in South Korea for the first time in four years on Monday ahead of the presidential inauguration ceremony for Yoon Suk-yeol, raising hopes for possible improvements in relations with the incoming conservative administration...

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The United Nations General Assembly elected the Czech Republic to the Geneva-based Human Rights Council on Tuesday to replace Russia, which was suspended last month over its invasion of Ukraine and then immediately quit the 47-member body...

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Foreign Affairs Secretary Teodoro L. Locsin Jr. has left Manila to attend the highly-anticipated United States-Association of Southeast Asian Nations (Asean) Special Summit in Washington D.C. on May 12 and 13...

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The Cabinet-level Fiscal Incentives Review Board (FIRB) approved tax perks for the P17-billion Project Agila for the redevelopment and operations of Hanjin shipyard in the Subic Bay freeport zone...

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China's flagship zero-COVID strategy to defeat the pandemic is unsustainable, the World Health Organization said Tuesday, adding that it had told Beijing so and called for a policy shift...

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Private equity (PE) or funds directly invested in Southeast Asian businesses totaled $25 billion in 2021 as most economies started to reopen from travel restrictions after the two-year pandemic that hampered deal-making and diligence processes...

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Go Negosyo’s mentorship program for small businesses is set to be implemented across the Association of Southeast Asian Nations (ASEAN) member countries beginning this month...

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Ukraine said on Tuesday, May 10, its forces had recaptured villages from Russian troops, pressing a major counter-offensive in the northeast of the country that could signal a shift in the war’s momentum and jeopardize Russia’s main advance...

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The WHO said Tuesday that 348 probable cases of hepatitis of unknown origin had been identified, as studies into the potential role of adenovirus and Covid-19 infection gather pace...

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Vaccine developer BioNTech completed a Phase II clinical trial of its COVID-19 vaccine in China in January but has yet to release its results, a registry of such trials showed on Tuesday...

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Russian President Vladimir Putin is expected to become more unpredictable and could order martial law in Russia to support his ambitions in Ukraine, US Director of National Intelligence Avril Haines said Tuesday...

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The outgoing Duterte and incoming Marcos Jr. administrations have jump-started their transition talks, Finance Secretary Carlos Dominguez III said on Tuesday, just a day after the presidential elections...

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The Commission on Elections (Comelec) stressed Tuesday the impact of defective vote counting machines (VCM) on voters was “not significant” when compared to the glitches encountered in the previous elections. Comelec Commissioner Marlon Casquejo, chairman of the election body’s steering committee, reported that 915 VCMs malfunctioned during election day Monday, but such did not affect many voters...

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The Commission on Elections en banc dismissed all motions for reconsideration on the disqualification cases against presumptive president Ferdinand “Bongbong” Marcos Jr. that were earlier junked by the poll body...

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The country’s biggest business groups called for optimism following the May 9 elections and said businesses should stay positive in this time of political changes...

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Vice President Maria Leonor "Leni" Robredo is seeking a thorough study of reported irregularities in the May 9, 2022 elections...

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The Commission on Elections (Comelec) wants brand-new vote counting machines (VCMs) for the 2025 midterm elections...

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The Department of Health (DoH) on Tuesday said it is monitoring a possible spike in the number of Covid-19 cases after it saw violations of health protocols during Monday's local and national elections...

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Vice President Leni Robredo on Tuesday encouraged her supporters to accept the final result of the elections, whatever it may be, since, according to her, the battle for good governance will not end in the polls...

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The Commission on Elections (Comelec) challenged protesting youth and labor groups to file charges against the poll body for alleged “cheating”...

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The Commission on Elections (Comelec) is hoping that participation of Filipinos working and living abroad in the May 9 polls will surpass voter turnout in previous polls...

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Bongbong Marcos, the presumptive winner in the presidential race, should "immediately" form his economic team to allay fears of investors pulling out due to "lack of confidence" in his administration, a former presidential spokesperson said...

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The Commission on Elections has credited preparation leading to faster transmission of elections results in this year's elections. “It's more on the preparation,” said Comelec Commissioner Marlon Casquejo in a message to reporters on Tuesday. As of 8 a.m., 96.84% of clustered precincts have transmitted voting results. It means only 3,350 precincts have yet to complete sending of votes...

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The Department of Budget and Management (DBM) said Tuesday that it had released over P4 trillion in budget funds to government agencies and local government units as of the end of April...

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A Marcos Jr. administration would pave the way for the completion of the “unfinished business” of the Duterte administration, according to local economists...

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Agriculture Secretary William D. Dar on Tuesday said he sees the budget of the agriculture department doubling or even tripling to a level beyond P100 billion under an administration led by former senator Ferdinand “Bongbong” Marcos Jr...

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State pension fund Government Service Insurance System (GSIS) announced it is extending the condonation program for its former members until June 30...

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Despite several local power interruptions, Department of Energy (DoE) Secretary Alfonso Cusi maintained that “thorough preparation and prompt action” of the government and power industry players prevented a power crisis on Election Day...

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In two follow-up reports to the World Organization for Animal Health, the Philippines said new outbreaks were recorded in Barangays San Juan, San Carlos and Camias in Pampanga; Marabulig II in Isabela, Manarog in Nueva Ecija and Sagrada in Camarines Sur...

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The Fiscal Incentives Review Board (FIRB), upon the endorsement of the Subic Bay Metropolitan Authority, approved the grant of tax incentives to Project AGILA for the redevelopment and operations of the former Hanjin shipyard in the Subic Bay freeport zone...

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Agriculture Secretary William Dar believes that the farm and fishery sector should be seriously prioritized and be given a higher budget by the next administration that is almost certain to be headed by former senator Ferdinand "Bongbong" Marcos Jr...

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Philippine stocks ended in the red on Tuesday after enduring a bloodbath in midday trade, with analysts citing global factors, not necessarily post-election jitters, affecting the local market...

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The country needs to continue pursuing the development of higher-valued products from the manufacturing and agribusiness sectors with the use of science, technology and innovation (STI)...

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The interest rates sought by local creditors on short-term government borrowings soared on Tuesday (May 10), a day after partial, unofficial results showed Ferdinand Marcos Jr. with an insurmountable lead in the presidential race...

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The Federation of Free Farmers downplayed the Department of Finance’s statement on the beneficial effects of the Rice Tariffication Law on the financial performance of the National Food Authority...

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The Philippine economy likely grew around 6.58% in the first quarter, slower than the previous quarter, a CNN Philippines poll among analysts revealed. The survey among 15 economists yielded growth forecasts ranging from 5.5% to 8.3% - yielding a mean of 6.58%. While this represents a rebound from the -3.8% plunge from January to March last year, it is slower than the 7.8% pace logged in the last quarter of 2021...

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Stock market investors dumped their shares yesterday in a massive sell-off the morning after Monday’s elections as they digested the implications of a Ferdinand Marcos Jr. presidency after early counting put the late dictator’s son and namesake more than 15 million votes ahead of his closest rival...

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Wholesale prices of consumer goods in the entire country jumped to their highest level in 10 years as an effect of global tensions, the Philippine Statistics Authority (PSA) said...

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Foreign direct investments (FDI) for the first two months showed an inflow of $1.7 billion, higher by 8 percent than the $1.6 billion posted a year ago...

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