Annual headline inflation rates in the Philippines

Source: BusinessWorld

Inflation rose to a year high of 8.1 percent in December, the Philippines Statistics Authority (PSA) reported on Thursday, putting monetary authorities under continued pressure to keep raising interest rates...

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The unemployment rate in the Philippines improved to pre-pandemic levels at 4.2 percent in the Labor Force Survey done in November 2022, from 4.5 percent in October 2022 and 6.5 percent in November 2021, according to the Philippine Statistics Authority...

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The Philippines secured fresh loans from China totalling $201.8 million, intended to bankroll key infrastructure projects of the Marcos administration, such as bridges and flood control systems...

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President Ferdinand "Bongbong" Marcos Jr. pushed for the continuation of negotiations for a joint exploration in the South China Sea during his meeting with his Chinese counterpart Xi Jinping...

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British banking giant HSBC sees a sharp economic growth slowdown in the Philippines as the tightening cycle of the Bangko Sentral ng Pilipinas (BSP) would curtail consumption, which is a major growth driver...

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A recent survey has indicated that 84 percent of Filipinos believe that the Marcos administration should work with the United States to strengthen security cooperation to defend Philippine sovereignty in the West Philippine Sea...

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The Department of Agriculture (DA) said officials implicated in issuing the unauthorized order to import sugar last year have been cleared after an investigation, and called on the public to respect the Palace decision relieving them of liability...

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The Department of Health (DOH) on Friday told Black Nazarene devotees to strictly adhere to Covid-19 protocols, reminding them that “the virus is still here.”...

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The purchasing power of the peso was at its weakest in four years as more expensive food and fuel caused inflation to accelerate to a 14-year high in 2022, according to data from the Philippine Statistics Authority (PSA)...

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The Makabayan bloc has called on Congress to investigate the potential overpricing and price manipulation of onions in the market...

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Some P10 billion worth of illegal drugs were seized across the country during the first six months of President Ferdinand R. Marcos Jr. in office, the Department of the Interior and Local Government (DILG) reported on Thursday...

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The Department of Agriculture (DA) banned the importation of chicken and other poultry products from Poland, Ireland, Denmark, Czech Republic, Chinese Taipei, Ecuador, Moldova, and Peru amid the outbreak of avian influenza (AI)...

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The Department of Energy (DoE) on Thursday said it has taken an initiative to expand the country's energy labeling program to further promote the energy consumers' welfare...

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The In the newly issued memorandum circular, the SEC said an investment company seeking to qualify as a sustainable and responsible investment fund must adopt one or more sustainabil-ity principles or considerations or ESG (environment, social and governance) factors in its investment objective...

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The Bangko Sentral ng Pilipinas (BSP) is ready to take all monetary policy actions to attain the country’s inflation targets amid rising commodity prices...

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Entrepreneur Antony Perzo introduces a small device called Emobot, which looks like a cross between a speaker and a piece of abstract art, and explains: "It's an emotional thermometer"...

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BMW unveiled Wednesday the prototype of a car that can change color and showcases digital features like projecting driving data across the inside of the windshield...

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The Philippines and China signed 14 bilateral agreements on Wednesday, including the establishment of a communication setup for settling maritime issues between the two countries...

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The Philippines and the People's Republic of China have agreed to strengthen bilateral ties by focusing on the growth of electronic commerce, the Department of Trade and Industry (DTI) said...

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It may well be one of the most tangible results of President Marcos’ state visit to China—and it “stinks.” China has pledged to import durian, along with a host of other tropical fruits, from the Philippines as part of efforts to narrow the wide trade deficit between the two countries, Mr. Marcos said...

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The Philippine Stock Exchange Inc. (PSE) announced on Thursday it has signed a Memorandum of Understanding with China's Shenzhen Stock Exchange (SZSE) on Wednesday...

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Telecommunications companies’ massive investments in their infrastructure are paying off with the speed of internet connections via fixed broadband and mobile accelerating in December last year by 7 percent...

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The International Air Transport Association (IATA) cautioned nations against immediately imposing strict restrictions on travelers from China—which is currently experiencing a renewed surge in COVID-19 cases—as it could lead to repeat of a major economic downturn...

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Southeast Asia’s tourist economies are set to be leading beneficiaries of China’s scrapping of travel bans as they have steered clear of the COVID-19 tests before entry that Europe, Japan and the United States have imposed on Chinese visitors...

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China on Thursday insisted it had been transparent with the international community about its Covid data, as it hit back against World Health Organization criticism that its tally of virus deaths was understating the true scale of its outbreak...

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The World Health Organization (WHO) on Wednesday criticized China's "very narrow" definition of coronavirus deaths, warning that official statistics were not showing the true impact of the ongoing outbreak...

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US central bankers do not expect it will be "appropriate" to start cutting interest rates this year with inflation remaining high, according to minutes of the latest Federal Reserve (Fed) policy meeting released on Wednesday...

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Half of the Earth's glaciers, notably smaller ones, are destined to disappear by the end of the century because of climate change, but limiting global warming could save others, according to a new study...

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Eurozone and US stocks fell Thursday as jobs data added to concerns the Federal Reserve would push on with interest rate hikes to fight decades-high inflation...

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The United States will expand Trump-era restrictions to rapidly expel Cuban, Nicaraguan and Haitian migrants caught illegally crossing the U.S.-Mexico border, President Joe Biden said on Thursday in his first major speech on border security...

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European powers must do more to dissuade China from invading Taiwan, including being prepared to unleash painful economic sanctions and train Taiwanese troops, the former head of the North Atlantic Treaty Organization (NATO) said on Thursday...

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The Omicron subvariant, XBB.1.5, is causing concern among scientists after its rapid spread in the United States in December...

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Russian President Vladimir Putin called on Thursday for a 36-hour ceasefire in Ukraine to mark Orthodox Christmas, a move rejected by Kyiv which said there could be no truce until Russia withdraws its troops from occupied land...

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The rate of groundbreaking scientific discoveries and technological innovation is slowing down despite an ever-growing amount of knowledge, according to an analysis released Wednesday (Thursday in Manila) of millions of research papers and patents...

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Japan’s real wages fell at their fastest rate – 3.8 percent – in more than eight years in November as a result of higher inflation, while nominal pay growth slowed despite rising for the 11th straight month, official data showed on Friday...

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European Union regulators on Wednesday hit Meta with hundreds of millions in fines for privacy violations and banned the Facebook parent from forcing users in the 27-nation bloc to agree to personalized advertisements based on their online activity...

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A US warship sailed through the sensitive Taiwan Strait on Thursday, part of what the US military calls routine activity but which has riled China...

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The COVID pandemic has blown a million-person hole in Australia’s population projections in a challenge for an economy that has relied on having more consumers to drive growth, though a speedy recovery in migration promises to soften the blow...

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Southeast Asia’s tourist economies are set to be leading beneficiaries of China’s scrapping of travel bans as they have steered clear of the COVID-19 tests before entry that Europe, Japan and the United States have imposed on Chinese visitors...

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The surge in Chinese builders’ stocks and dollar bonds isn’t over as buying momentum driven by supportive government policy is likely to persist, some investors say...

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Up to P409 million will be needed to repair 42 public schools in Mindanao which were damaged by floods caused by heavy rain during the holiday season...

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Sixty percent of employees in the Philippines have engaged in quiet quitting due to the low salary they receive and the lack of opportunities to move up in the company, according to a study by consumer and data analytics company Milieu Insight...

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A health expert has urged the public to keep their face masks on because of the threat posed by new and emerging Omicron subvariants that can be transmitted in “superspreader” events like the Feast of the Black Nazarene on Jan. 9. Infectious disease specialist Dr. Rontgene Solante said at the Laging Handa public briefing on Thursday that while there was no need to make it mandatory, people should wear masks especially in “high-risk” areas, such as public transportation and crowded areas such as markets and malls...

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“Nothing short of a miracle.” This was how Aurelio Gerardo Valderrama Jr., former Sugar Regulatory Administration (SRA) board member, described the Office of the President’s dismissal of the charges filed against him and three others over the foiled importation of 300,000 metric tons (MT) of refined sugar in August 2022...

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Sen. Christopher Lawrence "Bong" Go backed the decision of President Ferdinand Marcos Jr. stopping the Philippine Health Insurance Corp. (PhilHealth) from implementing the scheduled premium increase this year...

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A consumer advocacy group calls on the government to speed up delivery of the Philippine national identification cards, saying it would “accelerate the digital transformation of all sectors in both public and private enterprises, and is critical for a sustainable and inclusive economic growth”...

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Department of Health (DOH) Officer-in-Charge Maria Rosario Vergeire on Friday said they don’t see any need yet to impose tighter restrictions on travelers coming China...

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Expect the Bangko Sentral ng Pilipinas (BSP) to deliver more rate hikes and bring the benchmark rate to at least six percent this year, as inflation soared above the government’s target last year, top bank economists said...

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A local trade group is eyeing modest growth in the Philippines’ textile and apparels exports this year amid the looming shadow of recession in key overseas markets, which include the United States...

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Global real estate services firm Jones Lang LaSalle (JLL) informed that space for more office collaboration factor in various work decisions for Philippine office occupiers...

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Marking their 41st wedding anniversary, Melissa and her husband hied off to Baguio City for a post-Christmas break. Of course they had to dine at this huge Chinese restaurant where food was consistently good and affordable, with an ambience that reflected the decade when they had first met. Alas, the price of some items had sprinted to catch up to 2022, particularly their favorite beef steak Chinese style...

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Preparations for the holidays boosted the country’s employment numbers and brought down unemployment to its lowest level in nearly two decades, according to the Philippine Statistics Authority (PSA)...

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The country’s manufacturing output posted a seven-month high in November, according to the latest Production Index and Net Sales Index data from the Philippine Statistics Authority (PSA)...

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