The country’s headline inflation decelerated to 3.7 percent in June from 3.9 percent in May due to the easing of energy and transport costs, the Philippine Statistics Authority (PSA) said. In a press briefing last week, PSA Undersecretary and National Statistician Dennis Mapa said inflation in June last year was higher at 5.4 percent. Year-to-date headline inflation was at 3.5 …
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Department of Budget and Management (DBM) Secretary Amenah Pangandaman on Friday approved the PHP27.453-billion Special Allotment Release Order (SARO) for the health emergency allowance (HEA) of medical workers. In a statement, Pangandaman said the released fund is expected to compensate 5,039,926 unpaid HEA and 4,283 Covid-19 sickness and death compensation claims of eligible healthcare and non-healthcare workers. She said the …
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The Department of Finance (DOF) spearheaded a hybrid roundtable discussion as the lead facilitator for Climate Finance Network (CFN) initiatives in the Philippines to propel mainstreaming climate change components in the public financial management and further scale up access to climate finance. “[W]e at the DOF are pleased to lead the initiatives of the Climate Finance Network in the Philippines, …
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There might be a “little bit” of policy shift in the Department of Education (DepEd) with the forthcoming appointment of Sen. Juan Edgardo “Sonny” Angara as Education Secretary. This was disclosed by President Ferdinand R. Marcos Jr. on the sidelines of the distribution of financial assistance in Sulu on Friday. When asked by reporters if Angara’s appointment to DepEd would …
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The Bangko Sentral ng Pilipinas (BSP) on Friday reduced the total volume offering of the BSP bills (BSPB) to P160 billion. In a statement on Friday, BSP Deputy Governor Francisco Dakila Jr. said the allocation mix was lowered to P90 billion from P100 billion for the 28-day tenor and P70 billion from P80 billion for the 56-day tenor. The weighted …
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A joint enforcement operation led by the Department of Trade and Industry (DTI), the Criminal Investigation and Detection Group-Quezon City, and the National Intelligence Coordinating Agency intercepted the sale of counterfeit and non-compliant products worth P496,073 from an electrical supplies shop in Quezon City on June 25. The operation conducted through the DTI’s Task Force Kalasag yielded 127 units of …
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The Department of Agriculture (DA), led by Secretary Francisco Tiu Laurel Jr., plans to blacklist importers involved in smuggling agricultural products. This bold move aims to combat an issue that undermines Filipino farmers and threatens national food security. Smuggling distorts market prices and introduces substandard products, posing public health risks. The DA’s decision sends a clear message of zero tolerance …
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Check out these three new attractions only at SM Supermalls and discover new experiences with the whole crew! You can travel the world virtually in an instant, but sometimes the most epic adventures are waiting right outside your door, with the people who matter most! SM Supermalls are your hub for amazing experiences, making every visit a thrilling discovery and …
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By Rose de la Cruz Sugar producers under the Confederation of Sugar Producers Associations Inc. said there was no need to import sugar this year as inventories are sufficient to last until the start of milling season late this year. This after the Department of Agriculture bared last week that it is allowing 200,000 metric tons of sugar to be …
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Agriculture Secretary Francisco Tiu Laurel Jr. ordered everyone at the DA Central and field offices to redouble their efforts in restoring the affected enterprises and recover the nation’s losses from the tailend of the world’s most challenging climate disaster, El Nino. He barked this order last July 1 during the observance of the 36th National Disaster Resilience Month with theme …
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The Market Monitor Minding the Nation's Business