How the hunger experienced in the Philippines compares with regional peers

Source BusinessWorld

Sustained high inflation and rising interest rates in the Philippines and abroad are expected to show their impact on the domestic economy in 2023, with a resulting growth rate that is 0.6 percent lower compared to forecasts...

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A sustained “inflation shock” could cut the Philippines’ gross domestic product (GDP) by 0.6% in 2023, National Economic and Development Authority (NEDA) and Socioeconomic Planning Secretary Arsenio M. Balisacan said on Tuesday...

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The immune-evasive Omicron subvariant XBB and variant XBC have been detected in the country, the Department of Health (DOH) confirmed on Tuesday, adding that there have been five fatalities from XBC...

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Mainstream news media remains the public’s chief source of information, but in the last elections social media influencers got more visible in shaping political discourse, according to a pioneering research from the University of the Philippines (UP) that looked into the country’s digital public sphere during the past national polls...

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The stock market rallied yesterday in a strong comeback as market investors hunted for bargains and gobbled up badly beaten stocks after last week’s rout...

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The Philippine economy may grow by just 4.1 percent next year, below the government’s target of 6.5 to eight percent, due to elevated inflation and the risk of a global recession, according to Economist Impact, the research arm of The Economist Group...

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Those “typos” are about to get a lot more expensive. The Securities and Exchange Commission (SEC) warned corporations their electronic submissions of financial and annual reports would be considered “complete and accurate” and that serious errors would be punished with large fines beginning Nov. 2 this year...

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Following a study citing the Philippines as the most disaster-prone country in the world, Sen. Christopher Lawrence "Bong" Go on Tuesday renewed his call for a holistic approach to building a more disaster-resilient nation...

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Jeepney and bus operators want to impose a “surge” charge on top of base fares during rush hour, amid worsening traffic conditions and rising oil prices in Metro Manila...

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Trust entities’ (TE) unit investment trust funds (UITFs) with minimal foreign participants may now invest in central bank-issued securities traded in the secondary market as part of the Bangko Sentral ng Pilipinas’ (BSP) efforts to manage liquidity in the face of rising inflation...

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Sen. Grace Poe is optimistic that a bill seeking to create a Department of Water Services will be passed quickly after President Ferdinand Marcos Jr. expressed his support for the proposal...

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President Ferdinand R. Marcos, Jr. has issued a proclamation making the eve of All Saints’ Day, Oct. 31, a special nonworking holiday, according to the presidential palace...

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Genetic and genomic technologies hold tremendous potential to protect marine life, but are currently underused, Australian experts have found...

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There is an app for everything, but Elon Musk may create the only one you need. He dubbed the program “X,” but how will it work?...

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Trade Secretary Alfredo Pascual urged energy companies from Norway to partner with Filipino firms to establish strong value chains and increase value-added activities in the country...

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Raymond Manaog, 29, a jeepney driver in Manila, complains that inflation -- and especially the rising price of diesel -- is forcing him to more to get by...

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The United States will invest an additional P228 million (about $3.8 million) to provide free skills-based and work-based training to unemployed and out-of-school Filipino youth through YouthWorks PH...

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After making it only to the Top 5 last year, the Philippine team captured the championship in a global chess tournament — one that is played long-distance, online, and from behind bars...

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Canada’s Saskatchewan province is seeking “to hire hundreds of health-care workers from the Philippines over the next two years.”...

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Beijing wants to seize Taiwan "on a much faster timeline" than previously considered, United States Secretary of State Antony Blinken said on Monday (Tuesday in Manila), warning that President Xi Jinping was leading China in a more aggressive direction...

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Incidents of cybercrime and online child abuse are significantly underreported, and their global cost is expected to reach $10.5 trillion by 2025, according to the top official of the International Criminal Police Organization (Interpol)...

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Women who frequently use chemical hair straightening products could face more than twice the risk of uterine cancer compared to those who never use them, according to a new study published Monday (Tuesday in Manila)...

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Some one billion children are at "extremely high risk" due to climate change harms, a rights group warned on Wednesday, adding that youths' living standards failed to improve in the last decade...

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The Canadian province of Saskatchewan seeks to hire hundreds of healthcare workers from the Philippines over the next two years, Canada’s Ministry of Health said yesterday...

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Major global equities rose Tuesday, with sentiment boosted by upbeat US earnings and relief over the demise of the new British government's controversial fiscal plan...

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President Ferdinand "Bongbong" Marcos Jr. on Tuesday said his government is ready to "defend" the peso as the currency's slide continues to fuel inflation...

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Mitigating the effects of inflation remains the “number one priority” of the administration’s economic team, President Ferdinand “Bongbong” Marcos Jr. said on Tuesday...

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GO Negosyo founder Jose Maria "Joey" Concepcion 3rd reiterated the importance of acquiring bivalent Covid-19 vaccines immediately to prevent the spread of the new Omicron subvariant XBB and save the fourth quarter of the year...

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Give farmers a subsidy of P15,000 and repeal the rice tariffication law, Rep. Arlene Brosas of the Gabriela Women’s Party said in a statement issued on Tuesday...

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House Deputy Majority Leader and Quezon 2nd District Rep. David C. Suarez has urged the government to come up with a comprehensive program on the proper and cost-effective use of water systems to address the perennial problem of water shortage for farmlands and subsequently, ensure a more efficient national food security program...

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The Land Transportation Franchising and Regulatory Board (LTFRB) said on Tuesday that it will study the petition filed by several transport groups to charge jeepney and bus passengers a surge fee during rush hours...

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Acknowledging the demand for specialized inpatient and outpatient hospital services, Senator Christopher “Bong” Go has reiterated his call to bring quality health services to more rural communities as he pushes for the establishment of specialty hospitals or health centers nationwide...

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Following the Senate’s rejection of its proposed P10-billion additional budget for the rescheduled Barangay and Sangguniang Kabataan Elections (BSKE), the Commission on Elections slashed over P7 billion from the said amount...

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Tourism Secretary Christina Garcia Frasco’s frenetic pace at getting tourism stakeholders together and working to revive the industry may have unwittingly left her fellow Cabinet members behind in the dust...

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Only a third of Filipino youth aged 15-24 years have an awareness of sexually transmitted infections (STIs) and emergency contraceptive (EC) pills, according to the fifth iteration of the 2021 Young Adult Fertility and Sexuality (YAFS5) study of the University of the Philippines Population Institution (UPPI)...

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The e-commerce Memorandum of Understanding (MOU) of the Intellectual Property Office of the Philippines (IPOPHL) has been cited as a “best practice” in cultivating trust online to deter illicit alcohol trade in the Asean region...

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The positivity rate in the National Capital Region (NCR) continued to decline over the past week even as some provinces reported more people testing positive for COVID-19, the OCTA Research group said yesterday...

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The Department of Education on Tuesday clarified the removal of Mother Tongue as a subject is not yet final after one of its officials announced the 50-minute subject will no longer be implemented in a bid to decongest the curriculum...

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The Philippine Stock Exchange index (PSEi) returned to the 6,000 level on Tuesday, gaining 2.65 percent, or 158.31points, to close at 6,128.64 as investors cheered an increase in money sent home by Filipinos working abroad...

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The Independent Electricity Market Operator of the Philippines (IEMOP) on Tuesday said that the average price at Wholesale Electricity Spot Market climbed by 25.6 percent to P9.12 per kilowatt-hour (kWh) in September from P7.26 a month in August due to thinning supply...

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Sugar farmers' group United Sugar Producers Federation of the Philippines (UNIFED) President Manuel Lamata said that the farmgate prices of local sugar ranged from P60 to P65 as retail prices of the sweetener remained high at P95 to P110 per kilo...

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Fish prices may go up in the last quarter of the year due to a projected decrease in supply because of the “adverse impacts” of rising domestic pump prices on the sector...

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Allowing 100-percent foreign ownership when it comes to renewable energy (RE) projects would be beneficial in increasing the foreign direct investments (FDI) attracted by the Philippines and in addressing the country’s energy needs, according to local economists...

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Raising the cap on credit card charges to account for rising interest rates will only benefit banks and hurt consumers, a lawmaker said in Tuesday...

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How the depreciation of the peso affects the fiscal position depends profoundly on: (1) the policy stance of the government and how capable it is to carry it out; (2) the economy’s starting macroeconomic position; and (3) the global environment for trade and growth...

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Average electricity spot market prices continue to go up in the first half of October after hitting their highest level for the year in September...

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The Bangko Sentral ng Pilipinas said Tuesday it expanded access of Unit Investment Trust Funds to BSP securities in the secondary market to enhance its ability to absorb liquidity amid elevated inflation...

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