How much did each commodity group contribute to August inflation?

Source BusinessWorld

President Ferdinand "Bongbong" Marcos Jr. on Wednesday said the Philippine economy is expected to outperform its regional peers...

Read More

The Marcos administration intends to complete 73 big-ticket infrastructure projects, costing P4.05 trillion, which were not finished during the previous administration, according to the National Economic and Development Authority (Neda)...

Read More

Inflation has not yet peaked despite easing slightly to 6.3 percent in August from 6.4 percent in July, according to economists...

Read More

The number of Filipinos who died in 2021 was the highest in 63 years, according to the Commission on Population and Development (Popcom)...

Read More

The National Economic and Development Authority (NEDA) said on Wednesday it remains "very optimistic" on the country's gross domestic product (GDP) growth target of 6.5 to 7.5 percent for 2022...

Read More

The Philippine Statistics Authority on Thursday said about 2.6 million Filipinos were unemployed in July, slightly lower than 2.99 million the month prior...

Read More

The government has decided to make the wearing of face masks voluntary in open spaces nationwide, a major policy shift to relax COVID-19 protocols as the country transitions to the “new normal” of treating the virus as endemic just like the ordinary flu...

Read More

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) is considering the implementation of a “liberalized” protocol in the wearing of face mask outdoors, specially among so-called low-risk individuals...

Read More

Lawmakers are calling for the swift approval of a measure that aims to safeguard the rights of freelance workers, whose numbers are expected to grow exponentially as the country transitions to a digital economy...

Read More

Lawmakers passed the prohibition of the “No Permit, No Exam” bill at the committee level on Wednesday...

Read More

The House of Representatives is set to approve anytime soon the final package of the Comprehensive Tax Reform Program (CTRP), the capstone fiscal reform program of the Duterte administration, which President Ferdinand Marcos Jr. adopted as a policy priority during his maiden State of the Nation Address...

Read More

A consumer advocacy group urges Congress to hasten the passage of an anti-piracy measure, saying that pertinent laws would give stronger protection to intellectual property owners, harness local talent and creativity, and provide consumers a safe digital environment...

Read More

Trade Secretary Alfredo E. Pascual said he is working on increasing the number of the Philippines’s trade deals with other countries in order to attract more foreign investments...

Read More

The Philippines has entered into an agreement with Indonesia geared towards strengthening the countries’ creative economies, according to the Department of Trade and Industry (DTI)...

Read More

The Philippines on Wednesday forged defense, security and employment agreements with Singapore to further boost its intelligence gathering, data privacy capacity building and counterterrorism efforts within and outside its borders, Press Secretary Rose Beatrix "Trixie" Cruz-Angeles said...

Read More

The overpowering smell of Davao’s famous durian may soon reach the biggest market for the pungent fruit. Chinese Ambassador to the Philippines Huang Xilian on Wednesday said his country, the biggest importer of the fruit, had approved the entry of fresh durian from the Philippines...

Read More

Taiwan has removed the Philippines from the list of countries eligible for visa-free entry starting next week...

Read More

Blistering crop-withering temperatures that also risk the health of agricultural workers could threaten swathes of global food production by 2045 as the world warms, an industry analysis warned Thursday...

Read More

Senior U.N. and Russian officials met in Geneva on Wednesday to discuss Russian complaints that Western sanctions were impeding its grain and fertilizer exports despite a U.N.-brokered deal to boost Russian and Ukrainian shipments of the commodities...

Read More

Russian President Vladimir Putin on Wednesday raised the idea of adding limits to a U.N.-brokered deal for Ukrainian grain exports via the Black Sea and threatened to halt all energy supplies to Europe if Brussels caps the price of Russian gas...

Read More

The death toll in this week's earthquake in southwestern China has jumped to 74 with 26 people still missing, the government reported on Wednesday, as frustration rose with uncompromising Covid-19 lockdown measures that prevented residents from leaving their buildings after the temblor...

Read More

Barring the emergence of drastically different variants, COVID boosters will likely be recommended annually in a similar manner to influenza vaccines, according to US health officials...

Read More

Russian President Vladimir Putin said Wednesday that “almost all” the Ukrainian grain shipped under a UN-backed deal to ease a global food crisis was reaching rich European nations, an accusation denied by Kyiv...

Read More

The European Commission will propose a price cap on Russian gas, alongside measures including a mandatory EU cut in electricity use and a cap on the revenue of non-gas power generators, the bloc’s chief said on Wednesday...

Read More

International watchdog Human Rights Watch (HRW) on Wednesday urged the United Nations Human Rights Council (UNHRC) to create a truth commission that would gather witnesses to, and testimonies on, human rights violations in the Philippines...

Read More

President Vladimir Putin said Wednesday it was "impossible" to isolate Russia, as the country faces unprecedented Western sanctions over its military operation in Ukraine...

Read More

A booster dose of a new malaria vaccine maintains a high level of protection against the disease, researchers said Thursday, expressing hopes the cheap jab could be produced on a massive scale in a matter of years...

Read More

Chinese leader Xi Jinping and Russian President Vladimir Putin will meet on the sidelines of a summit in Uzbekistan next week, Russia's envoy to Beijing Andrey Denisov told reporters on Wednesday, according to Russian state news agency Tass...
Read More

The world is in desperate need of water. Drought and increasing temperatures have threatened to impact nearly every major sector of the economy, from energy to agriculture to shipping...

Read More

The National Privacy Commission (NPC) said the result of its initial investigation shows that the recent wave of targeted smishing messages appear to have come from specific mobile numbers through a phone-to-phone (P2P) transmission and do not pass through data aggregators...

Read More

“Invest in “Asia’s fastest rising star.” This was how President Ferdinand Marcos Jr. pitched the country to Singaporean investors during the economic briefing held by the Bangko Sentral ng Pilipinas (BSP) in Singapore last Wednesday...

Read More

The minority leader of the House of Representatives on Wednesday called on the Department of Budget and Management and Department of Social Welfare and Development (DSWD) to initiate the regularization of more than 800 workers, saying that implementers of social protection programs deserve security of tenure...

Read More

State-run Social Security System (SSS) sees a longer fund life if the bill scrapping the mandatory retirement age is passed into law...

Read More

At least 25 metric tons (MT) of garlic in Batanes could rot if these were not sold immediately, the provincial government said...

Read More

The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) has recommended the voluntary wearing of face masks outdoors across the country, Malacañang said Wednesday...

Read More

The National Privacy Commission (NPC) said on Wednesday that data aggregators are unlikely sources of the personalized text scam messages people have been getting in the past two weeks...

Read More

The information technology (IT) service provider of the Land Transportation Office (LTO) has claimed that someone inside the agency is sabotaging the online registration and licensing system following complaints about the slow processing of applications...

Read More

The country reported more than 879,000 deaths in 2021, considered to be the deadliest year in its history, the Commission on Population and Development (PopCom) said...

Read More

The Department of Health (DOH) needs at least P76 billion to cover the mandatory COVID-19 benefits and allowances of more than 865,000 health workers for the whole of 2023, in addition to P65 billion for their back pay in the last two years, or a total of P141 billion...

Read More

President Ferdinand Marcos Jr. said he secured some $14.36 billion (about P804 billion) worth of investment pledges during this four-day state visits to Indonesia and Singapore...

Read More

The Department of Justice (DOJ) has asked Congress to increase the 2023 budget of the Public Attorney’s Office (PAO) to P5 billion, or more than P500 million than its P4.74-billion budget this year, in order to decongest the country’s notoriously overcrowded jails, according to Justice Secretary Jesus Crispin Remulla...

Read More

The Department of Budget and Management (DBM) said on Wednesday that low cash utilization rates led to the reduction of 2023 funding for some programs run by the Department of Health (DoH), adding that some of them were also not at a stage where they were implementable soon, bumping them down the budget priority list...

Read More

College students are less than enthused about the government’s student loan program that requires borrowers to pay their debt in full before they can graduate, Commission on Higher Education (CHEd) Chair Prospero de Vera III admitted to lawmakers...

Read More

Despite a five-minute interpellation from House Deputy Minority Leader and ACT Teachers Rep. France Castro, the Department of Justice’s (DOJ) proposed budget of P26.6 billion was approved by the House Committee on Appropriations on Wednesday...

Read More

A program seeking to assist college students through loans which will be paid after graduation has been stopped, the Commission on Higher Education (CHEd) said, citing an “extremely low” payment rate...

Read More

Wage and salaried workers are the ones who bear the brunt of high commodity prices, according to the National Economic and Development Authority (Neda)...

Read More

A top soft-drinks maker with no sugar, a burger joint out of onions and kitchens short of salt underscore the dependence of the Philippines on food imports and illustrate some of the cost pressures fueling inflation...

Read More

Economist-lawmakers on Tuesday said the government should now shift its inflation reduction focus from fuel to food...

Read More

The Philippines’s rice imports in January to August have reached 2.719 million metric tons (MMT) and are poised to surpass the 2.777 MMT it imported in 2021...

Read More

The Philippine peso closed at a record low for the fourth straight day, as the US dollar continued to strengthen amid expectations that the US Federal Reserve will continue to aggressively tighten policy...

Read More

The Philippine peso closed at a record low for the fourth straight day, as the US dollar continued to strengthen amid expectations that the US Federal Reserve will continue to aggressively tighten policy...

Read More

The Foundation for Economic Freedom (FEF) is pushing for the opening of the rice and corn sectors to full foreign ownership to boost the supply of the staples...

Read More

The Bangko Sentral ng Pilipinas (BSP) said it has room to further hike policy rates this year to support the peso as the US Federal Reserve is expected to continue its aggressive policy tightening...

Read More

The Department of Budget and Management said Thursday it has allocated a total of P2.5 billion to develop several airports nationwide in bid to improve transport infrastructure in the country...

Read More

Lenders left the rediscount facility of the Bangko Sentral ng Pilipinas (BSP) untapped again in August as there was enough liquidity in the financial system...

Read More

The Government expects to start building three Asian Development Bank (ADB)-funded bridges across the Marikina River in 2023, the Department of Public Works and Highways said on Wednesday...

Read More

Despite shortages in basic commodities like salt, rice, and garlic, the Department of Agriculture vowed the shortfall will not affect sardines as supply remains sufficient...

Read More