Oil prices have soared as the economic recovery from the pandemic has pushed energy usage higher. -- Photo by Michael Varcas, The Philippine Star By Jenina P. Ibanez, Reporter Inflation in October likely exceeded the central bank's annual target largely due to domestic oil price pressures, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Friday. Inflation will ...

REUTERS By Jenina P. Ibanez, Reporter The national government's outstanding debt rose to P11.9 trillion as of the end of September as the peso depreciated against the US dollar, preliminary data from the Bureau of the Treasury (BTr) showed. The end-September debt level was 27.2% higher than last year's figure, and was 2.41% higher than a month earlier. This was ...

BW FILE PHOTO By Jenina P. Ibanez, Reporter Bank lending rose 2.7% in September to mark the second straight month of growth, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Outstanding loans issued by big banks increased 2.7% to P9.25 trillion in September, after growing 1.3% year on year in August. It had previously declined for eight straight ...

Household spending grew 7.2% year on year in the second quarter, as lockdowns eased. -- Photo by Michael Varcas, The Philippine Star The improving employment rate and consumer sentiment in the Philippines could back a projected 5.1% household spending growth next year, Fitch Solutions Country Risk and Industry Research said. In a report released on Friday, Fitch Solutions said consumer ...

PHILSTAR Public transport capacity increasing starting Nov. 4 Metro Manila will remain under Alert Level 3 until Nov. 14, the Palace said on Friday, even as coronavirus infections in the country continue to drop. "This is to ensure that the opening of the economy is done gradually," Palace spokesman Herminio L. Roque, Jr. Said at a televised news briefing. The ...

President Rodrigo R. Duterte has signed a proclamation declaring fewer nonworking days in 2022 in an effort to minimize work disruption amid the pandemic. Under the order, Nov. 2 (All Souls' Day), Dec. 24 (Christmas Eve), and Dec. 31 (New Year's Eve), which had been special nonworking days, will now be special working days. "For the country to recover from ...

@BANGSAMOROGOVT Philippine President Rodrigo R. Duterte has officially postponed the first regular elections in the Bangsamoro region, according to the presidential palace. He signed Republic Act (RA) No. 11593 which moves the date of the parliamentary and regional elections of the Bangsamoro Autonomous Region in Muslim Mindanao to May 2025, synchronized with the next mid-term elections. With the transition period ...

THE COMMISSION on Elections (Comelec) on Friday released its tentative list for the 2022 national and local elections. The list for national positions posted on the poll body's official website included 97 presidential candidates, 28 vice-presidential candidates, and 174 senatorial candidates. It also released the list for local aspirants. "Aspirants whose names appear on the tentative list of candidates released ...

OVP/Charlie Villega Vice-President Maria Leonor "Leni" G. Robredo on Friday said the Mandanas ruling should pave the way for the direct participation of ordinary people in the budget process and local governance. The Supreme Court ruling, named after Batangas Governor Hermilando I. Mandanas, clarified that the share from the International Revenue Allotment (IRA) of local governments does not exclude other ...

https://cpj.org/ THE PHILIPPINE remains the seventh deadliest country in the world for journalists in terms of unsolved killings, according to a press freedom organization. The Committee to Protect Journalists (CPJ) said in its 2021 Global Impunity Index report released on Thursday evening that the country retained its spot from last year, with 13 unsolved murders from Sept. 1, 2011 to ...