Well-milled rice consumption among rich over six times that of poorest tier’s — PSA

THE AVERAGE consumption of well-milled rice in the top income tier in 2018 was more than six times the total of the poorest consumers, the Philippine Statistics Authority (PSA) said in a report. Per capita consumption of well-milled rice for the year was estimated 10.46 kilograms (kg) for the first decile, or the lowest-income group […]

BSP fully awards debt at auction

By Jenina P. Ibañez, Senior Reporter  The Philippine central bank fully awarded short-term securities at an auction on Friday, as the average rate declined amid easing global oil prices.  The Bangko Sentral ng Pilipinas (BSP) raised P100 billion as planned from its offer of 28-day bills that attracted P130.51 billion in tenders. Demand was higher than P110.25 billion last week.  Accepted rates for the one-month debt ranged […]

Central Visayas now classified as low risk

FOR the fourth consecutive day, new coronavirus infections exceeded 11,000 while deaths surpassed 200, pushing the death toll from coronavirus disease 2019 (Covid-19) past 15,000. The bulk of new cases are in the National Capital Region (NCR), which had the highest average daily attack rate (Adar) of 36.32 per 100,000 population in the recent one […]

Stimulate consumer demand to rescue economy: Neda 7

THE National Economic and Development Authority (Neda) 7 is anticipating more recoveries from Central Visayas’s pillar industries as economic activities are expected to rebound this year. However, the agency noted that the main challenge faced by industry players is in raising consumer demand for increased economic activities to take place. Amid a more relaxed quarantine […]