Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
(Eagle News) – Inflation, or the increase in prices of goods and services, for November, slowed down to 6 percent, according to the latest data from the Philippine Statistics Authority. This was much lower than October’s 6.7 percent, and was within the lower end of the projection of the Bangko Sentral for inflation between 5.8 percent and 6.6 percent. It is also lower than the 6.3 forecast of the Department of Finance. According to the […]
ANKARA, Turkey (AFP) — Inflation in Turkey dropped for the first time to nearly 22 percent last month after surging to a 15-year high in October, official statistics showed on Monday. The increase in consumer prices fell to 21.62 percent in November compared with he same month last year, still very high in relative terms but down from the 25.24 percent rate recorded in October and the first drop since March this year, according to […]
(Eagle News) — Senator Sherwin Gatchalian expressed support for the government’s decision to suspend the second round of excise tax on petroleum products, calling it “very timely.” “Kahit pa bumaba ang presyo ng petrolyo sa nakaraang mga araw at inaasahan na patuloy pa itong bababa sa susunod na taon, sinusuportahan ko ang suspension ng fuel excise tax to give the people a reprieve from the effects of the high inflation rates we had the past […]
(Eagle News) — The Palace on Thursday, Nov. 15, hailed the Senate passage of the Rice Tariffication Bill. The bill, which President Rodrigo Duterte certified as urgent to address inflation, was passed on third and final reading with a vote of 14-0. The House of Representatives passed its own version on third and final reading. Panelo expressed confidence the measure would not encounter hurdles in the bicameral conference committee. “We are likewise confident that through […]
(Eagle News) — Simula sa Disyembre ay tataas ang presyo ng de latang sardinas. Ayon sa Canned Sardines Association of the Philippines, tataas ng limampung sentimo hanggang animnapung sentimo ang presyo ng kada delata ng sardinas simula sa Disyembre 1, 2018. Ang nasabing price adjustment ay dahil anila sa pagtaas sa presto ng mga raw material gaya ng isda at produktong petrolyo nitong mga nakalipas na buwan. Sabi pa ng CSAP, noong Setyembre 1 pa […]
(Eagle News) — The Palace on Thursday, Nov. 8, accused Senator Francis Pangilinan of politicking following his pronouncement the government has done nothing to address inflation. “We find it unfortunate that (he) is still milking the issue of inflation considering prices have gone down,” Presidential Spokesperson Salvador Panelo said. According to Panelo, Pangilinan’s claim that “the government has not done any concrete action to address the increasing prices of goods is out of touch with reality..” […]
(Eagle News) – Bangko Sentral ng Pilipinas said that the inflation recorded last October, pegged at 6.7 percent, the same as the previous month, meant that “inflation pressures have started to moderate.” The BSP said that the “month-on-month seasonally-adjusted headline inflation” had actually “eased further to 0.3 percent in October from 0.8 percent in September. It said this confirmed the “BSP’s view that inflation momentum has started to slow down.” “Inflation held steady in […]
(Eagle News) — The country’s inflation for the third quarter was recorded at an average of 6.2 percent which is higher than the previous quarter’s average of 4.8 percent, according to data released Friday, Oct. 19, by the Bangko Sentral ng Pilipinas. BSP Officer-in-Charge Maria Almasara Tuaño-Amador said in a press briefing in Manila that this has brought the inflation for this year to date at 5 percent. Dennis Bautista, officer-in-charge of BSP’s Economic […]
TOKYO, Japan (AFP) — Prices in Japan inched up by one percent in September, according to government data published Friday, as the world’s third-largest economy continues its years-long struggle with deflation. Inflation stood at one percent year-on-year in September, the first time it had reached that level since February, but still only halfway to the Bank of Japan’s two-percent target. The latest figure was in line with market consensus, and slightly higher than the 0.9 […]
(Eagle News)–Presidential Spokesperson Harry Roque on Saturday, Oct. 6, reiterated the government was exerting all efforts to address the rising prices in goods. Roque made the statement after the Philippine Statistics Authority reported inflation had reached 6.7 percent in September. “President Duterte signed Administrative Order (AO) No. 13 last month to streamline procedures on the importation of agricultural products, including rice,” Roque said. He said this will “lower the price of basic food products for […]
(Eagle News)–Senator Risa Hontiveros on Friday, Oct. 5, urged President Rodrigo Duterte to focus on the country’s economic problems, including inflation, rather than “waste (his) time chasing non-existent destabilization plots.” “The president should stop looking for phantom plots against him when the real problem is right in front of him,” Hontiveros said in a statement issued after the Philippine Statistics Authority reported inflation had surged to 6.7 percent in September. According to Hontiveros, “if there […]
By Meanne Corvera Eagle News Service Inflation surged to 6.7 percent in September, the Philippine Statistics Authority said on Friday, Oct. 5. In August, the inflation rate was pegged at 6.4 percent. National Statistician Lisa Grace Bersales noted, however, that month-on-month inflation was at 0.8 percent, slower than the 0.9 percent in August. Month-on-month inflation refers to the increase in consumer prices.
