Duterte scraps Philippines rice import cap to fight inflation Philippine President Rodrigo Duterte has ordered the lifting of two-decade-old restrictions on rice imports, his spokesman said on Tuesday, paving the way for unlimited purchases of […]
Duterte under fire for Hong Kong trip as Filipinos reel from soaring inflation Social media users hit President Rodrigo Duterte for going on an unannounced trip to Hong Kong with his family while Filipinos grapple […]
DBS: $100/barrel oil to weigh on PH growth The Philippine economy will likely suffer if global oil prices average $100 per barrel next year, Singapore-based bank DBS warned in a report. — The Manila Times […]
World Bank trims PH growth forecast The World Bank trimmed its growth forecast for the Philippines in 2018, but said the Philippine economy will remain resilient in the face of elevated inflation. — ABS-CBN News […]
House okays P3.757-T national budget on 2nd reading The House of Representatives on Wednesday night approved on second reading the proposed PHP3.757-trillion 2019 national budget. — Philippine News Agency Makati earmarks P12.5 million for math […]
WB releases 496 mln USD to help typhoon victims in Philippines The World Bank (WB) has released 496.25 million U.S. dollars to support the Philippine government’s efforts to hasten recovery, rehabilitation, and reconstruction in areas […]
House donates P6.575M for Marawi crisis victims The House of Representatives, led by Speaker Gloria Macapagal Arroyo, donated on Monday P6.575-million to financially assist the victims of the Marawi City crisis. — Manila Bulletin Philippines’ […]
Inflation seen rising further in September The onslaught of Typhoon “Ompong” (international name: Mangkhut), which hit the country’s vegetable basket and pushed up prices, has jacked up inflation to a fresh high in more than […]
Philippines Takes Strong Rate Action to Curb Soaring Prices The Philippine central bank raised its benchmark interest rate by half a percentage point, stepping up a battle to curb inflation that will exceed its target […]
ADB trims Philippines growth forecasts for 2018, 2019 The Asian Development Bank (ADB) has revised downward its growth projection for the Philippines this year and next, concerned with the persistent weakness in the agriculture sector, […]
Trillanes returns to Senate after posting bail Senator Antonio Trillanes IV on Tuesday returned to the Senate after posting a PHP200,000 bail in connection with the arrest warrant earlier issued by a Makati court over […]
After Piñol slams rice imports, PH to import 1 million MT of rice in 2019 The National Food Authority (NFA) Council approved the standby importation of one million metric tons (MT) of rice for 2019, […]