Liberal Party (LP) senators on Tuesday denounced President Rodrigo Duterte’s latest public address, saying it should focus on solving the country’s problems such as the hike in prices of basic commodities and the rice crisis.
The post Senators to Duterte: Focus on addressing inflation and rice woes appeared first on Inquirer News.
Read more
At the crack of dawn, the familiar aroma of baking “pan de sal” wafts out of the wood-fired oven of Dimas-Alang Bakery on Mabini Street, Pasig City.
The post Our daily (shrinking) bread appeared first on Inquirer News.
Read more
It’s TRAIN, not Trump.
The post Duterte told: TRAIN, not Trump, to blame for high inflation appeared first on Inquirer News.
Read moreVICE President Maria Leonor “Leni” Robredo on Thursday urged the government to stop focusing on silencing its critics and instead, come up with “coherent solutions” in solving the nine-year high inflation rate of 6.4 percent in August. “Instead of shutting down those who dare to point out its inefficiencies, may the administration finally rise to the challenge […]
The post Robredo to gov’t: Focus on solving inflation instead of ‘shutting down’ critics appeared first on The Manila Times Online.
Read more
President Rodrigo Duterte should let the axe fall on his economic managers for their failure to curb the unremitting spike in inflation rate, which hit a nine-year high of 6.4 percent last month, according to House Minority Leader, Quezon Rep. Danilo Suarez.
The post Solons call on Duterte to fire ‘incapable’ economic chiefs appeared first on Inquirer News.
Read moreINFLATION, or the increase in the prices of goods and services, accelerated to a fresh nine-year high of 6.4 percent in August, the Philippine Statistics Authority (PSA) reported on Wednesday. The August inflation result exceeded the 5.9 percent forecast of the Bangko Sentral ng Pilipinas and the Department of Finance and the 5.8 percent average forecast […]
The post PH inflation hits fresh 9-yr high in Aug appeared first on The Manila Times Online.
Read moreINFLATION likely accelerated further to a new five-year high in August, based on a Manila Times poll of economists whose forecasts for the month ranged from 5.8 percent to 6.1 percent, or an average of 5.8 percent. Since March, consumer price growth topped the Bangko Sentral ng Pilipinas’ (BSP) 2.0-4.0 percent target — hitting 5.7 percent […]
The post Inflation likely to hit 5-yr high in Aug — analysts appeared first on The Manila Times Online.
Read more
The closure of Boracay, high prices and tighter mining regulations weighed down the country’s economic expansion in the second quarter to 6 percent year-on-year, or below expectations, the government’s top economist said on Thursday.
The post 6% GDP growth below gov’t target appeared first on Inquirer News.
Read moreMONETARY authorities on Thursday raised key interest rates for the third time this year to contain rising inflation. The Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board raised its key interest rates by 50 basis points (bps), bringing its overnight borrowing, lending and deposit rates to 4 percent, 4.50 percent, and 3.50 percent, respectively. The Monetary Board […]
The post BSP hikes key rates to contain inflation appeared first on The Manila Times Online.
Read more
As inflation for July reached 5.7 percent, Senators Risa Hontiveros and Joel Villanueva have called on government to prioritize the issue on rising prices of basic commodities.
The post Hontiveros, Villanueva ask gov’t to address inflation appeared first on Inquirer News.
Read more