PHILIPPINE STAR/ MICHAEL VARCAS THE year-on-year growth in wholesale prices of general goods slowed in April compared to the rate recorded in March, the Philippine Statistics Authority (PSA) said Wednesday. The general wholesale price index (GWPI) rose 2.7% year on year in April, against the 2.8% pickup in March, according to preliminary data. Driving the […]
WHOLESALE PRICE growth in general goods picked up to its fastest pace in 14 months in March, data released by the Philippine Statistics Authority (PSA) on Friday showed. The country’s general wholesale price index (GWPI) increased by 2.8% from a year earlier in March. This was faster than the revised growth rate of 2.5% in […]
While the government and the private sector continue to directly source COVID-19 vaccines for Filipinos, senior executives of Republic Gas Corp. (Regasco) and South Pacific, Inc. (SPI) launched a three-pronged vaccination plan for their 3,000-strong workforce dubbed as “Secure. Promote. Initiate.” Both owned by the Ty family of Isabela, Regasco and SPI have been assisting […]
WITH the Covid-19 vaccinations in full swing globally, the Philippine merchandise exports in March 2021 rebounded strongly, jumping 31.6 percent from the same month last year. The promising performance was attributed to the global economic recovery arising from the ongoing Covid-19 vaccinations. “Philippine merchandise exports in March set an encouraging pace by posting a hefty […]
Philippine factory output extended its losing streak to 13 months in March, according to the local statistics agency. The output as measured by the volume of production index fell by 73.4% year on year in March, worse than the 43.3% drop in February and 20.4% decline a year earlier. The March drop marked the steepest […]
The country´s trade-in-goods deficit narrowed in March as exports grew at the fastest pace in a decade, the Philippine Statistics Authority reported on Friday. Merchandise exports avanced by 31.6% to $6.68 billion after dropping by 1.5% in February, according to preliminary data. The export tally for March was bigger than $5.35 billion a month earlier […]
THE COUNTRY’S jobless rate in March fell to its lowest level since the start of the coronavirus pandemic, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story.
THE PESO appreciated further against the dollar on Thursday after latest data showed the country’s unemployment rate eased in March. The local unit closed at P47.98 versus the greenback on Thursday, gaining 4.5 centavos from its P48.025-per-dollar finish on Wednesday, based on the data on Bankers Association of the Philippines’ website. The peso opened the […]
IMPORTED CAR sales nearly doubled in March after coming off a weak year-earlier base, with March 2020 marking the start of that year’s lockdown, the industry association said. In a report Tuesday, the Association of Vehicle Importers and Distributors, Inc. (AVID) said its 21 members carrying 26 global brands sold 5,193 units in March, up […]
THE Philippines’ gross international reserves (GIR) slightly fell in March to $104.82 billion compared to the previous month, the Bangko Sentral ng Pilipinas (BSP) reported. The March total is slightly lower than the $105.16 billion recorded in February, the central bank said in a statement. The month-on-month decline in GIR level is partly due to […]
OUTSTANDING Treasury bills (T-bills) and Treasury bonds (T-bonds) issued by the government rose to P7.203 trillion as of March as it completed its first retail bond sale for the year, data from the Bureau of the Treasury (BTr) showed. Latest BTr data released on Wednesday showed outstanding government securities went up by 5.58% from the […]
THE country’s inflation rate has eased to 4.5 percent in March 2021 after five consecutive months of acceleration. This brings the average inflation of the country for the first quarter of 2021 at 4.5 percent, the Philippine Statistics Authority on Tuesday, April 6, 2021, said. The slowdown in inflation at the national level was primarily […]
NEARLY 8,000 workers were displaced during the first week of the reimposed lockdown in Metro Manila and adjacent provinces, the Labor department said. At a virtual briefing of the Department of Labor and Employment (DoLE) Monday, Assistant Secretary Dominique R. Tutay said the estimate was made in the first few days of the enhanced community […]
THE central bank continues to see inflation breaching the target range in March, as oil prices rose and the peso weakened against the US dollar. Headline inflation during the month likely settled within 4.2% to 5%, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said in a Viber message to reporters. This is still […]
ROMAN Catholics observed Palm Sunday yesterday, regarded as a “moveable feast” commemorating the entry of Jesus Christ in Jerusalem, where he was welcomed by crowds that waved and placed leaves of the date palm tree in His path. Also called Passion Sunday, the Palm Sunday of the Lord’s Passion is celebrated in a mass that […]
Here’s a quick glance at how PSEi stocks fared on Wednesday, March 24, 2021.
THE tourism recovery efforts in Central Visayas are once again challenged following the increasing Covid-19 cases in the National Capital Region (NCR). Stakeholders said they are monitoring developments in the NCR+ bubble, saying that there are other markets to target aside from the NCR. Alfred Reyes, president of the Hotel, Resort and Restaurant Association of […]
Here’s a quick glance at how PSEi stocks fared on Monday, March 22, 2021.
Here’s a quick glance at how PSEi stocks fared on Friday, March 19, 2021.
TRAVELING farther than the city borders may be limited but a staycation at Radisson Blu Cebu is the perfect getaway when one is in Cebu. For a limited time only, Radisson Blu Cebu offers great deals just in time for the summer. Discounts of up to 50 percent on rooms, dining and spa are available […]