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Poorest Filipinos feel inflation at 8% in August 2018

Oct 22, 2018 - 6:20 PM

The Philippine Statistics Authority says inflation for the bottom 30% income households went up by 5 percentage points in August 2018 compared to the same month last year

Chinese Q3 growth hits 9-year low as debt, trade row drag

Oct 19, 2018 - 11:14 AM

(UPDATED) Analysts say the slowing growth could prompt an end to Beijing's fiscal prudence

ECONOMY. A couple wearing Qing dynasty style headwear walk with their children in Tiananmen square in Beijing in December 2012. File photo by AFP

Inflation rises to 6.2% in Q3 2018

Oct 19, 2018 - 10:35 AM

(UPDATED) This is beyond the 4.8% to 5.2% range estimated by the government for the entire year

Commonwealth Public Market on Monday, October 08, 2018. Photo by Darren Langit/Rappler

China not manipulating currency but lacks transparency, U.S. says

Oct 18, 2018 - 3:06 PM

The US Treasury refrains from escalating a fight over China's currency as US President Donald Trump once pledged to do on the campaign trail

Nearly half the world lives on less than $5.50 a day – World Bank

Oct 17, 2018 - 4:35 PM

According to the report, the number of poor worldwide is still 'unacceptably high,' while the fruits of economic growth are 'shared unevenly across regions and countries'

Philippines' crime, infra among worst globally – World Economic Forum

Oct 17, 2018 - 3:20 PM

The Philippines lags in police services, infrastructure, and ease of doing business, but excels in labor market and macroeconomic stability

Philippines' high inflation also good, says Bangko Sentral official

Oct 16, 2018 - 7:50 PM

Felipe Medalla says the high inflation figure reflects the elevated prices of cigarettes and sugary drinks, which were planned by the government under the TRAIN law

Inflation up, GDP down: Economic managers revise PH outlook

Oct 16, 2018 - 3:30 PM

Finance Secretary Carlos Dominguez III says they revised the economic outlook to reflect the 'very different world' we are living in now

Seeds of next global financial crisis being sown, top officials warn

Oct 14, 2018 - 7:02 PM

The world economy is still growing but faces an 'unprecedented' combination of threats, the International Monetary Fund warns during an annual meeting with the World Bank

EXPERTS. International Monetary Fund Managing Director Christine Lagarde (C-front) poses with finance ministers and Central Bank governors during a group photo at the International Monetary Fund (IMF) and World Bank annual meeting in Nusa Dua, on Indonesia's resort island of Bali on October 13, 2018. Photo by Stephen Jaffe/International Monetary Fund/AFP

Foreign direct investments soar in July 2018 despite economic tensions

Oct 11, 2018 - 9:55 AM

The central bank says the higher foreign direct investment inflows in July reflect the 'continued positive investor sentiment on the Philippine economy'

China is top PH trade partner in August 2018

Oct 11, 2018 - 9:46 AM

The Philippines' trade gap swells to $26 billion year-to-date, 65% higher than the $15.7-billion deficit in 2017

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

Oct 09, 2018 - 9:19 AM

The International Monetary Fund warns that risks highlighted in previous reports 'have become more pronounced or have partially materialized' in the real world

GROWTH FORECAST. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP

IN CHARTS: Carinderia, sari-sari store owners feel pinch of inflation

Oct 05, 2018 - 5:18 PM

'This continuing inflation rate hike is racking up the prices of goods even higher, this might cause our micro-retail businesses to shut down', says Vicky Aguinaldo, President of the Philippine Association of Stores and Carinderia Owners

Inflation in September 2018 strains Filipinos' budget at 6.7%

Oct 05, 2018 - 8:59 AM

(UPDATED) Inflation spoils the country's growth outlook, poverty alleviation efforts, and people's perception on the government

Persistent high inflation may slow down poverty reduction – World Bank

Oct 04, 2018 - 6:01 PM

World Bank Senior Economist Rong Quan says high inflation is hitting the poor harder as food and transport account for two-thirds of their expenses

World Bank downgrades 2018 Philippine economic outlook

Oct 04, 2018 - 2:19 PM

The World Bank says the Philippines' growth trajectory is positive but lower than expected

GROWTH. The World Bank cuts the growth forecast for the Philippines in 2018, but says the economy will remain strong in the coming years. Photo by Jire Carreon/Rappler


Typhoon Ompong may have pushed September 2018 inflation to over 7%

Sep 28, 2018 - 6:15 PM

The Bangko Sentral ng Pilipinas cites higher prices of agricultural goods due to Typhoon Ompong, rising fuel prices, and the weakening peso

World Bank pitches ways to boost Philippine economic growth

Sep 27, 2018 - 2:35 PM

The Philippines is aiming to roar along with Asian tigers by 2040. To do this, the country needs to triple the gross domestic product per capita in two decades.

Families live in concrete pipes used as makeshift dwellings along a street in Manila on March 22, 2016.  Roughly one quarter of the nation's 100 million people live in poverty, which is defined as surviving on about one US dollar a day, according to government data. / AFP PHOTO / NOEL CELIS

Trade wars hint at 'deeper economic malaise' – U.N.

Sep 27, 2018 - 12:35 PM

The UN Conference on Trade and Development warns of 'economic storm clouds gathering,' with tepid growth being fueled by skyrocketing debt

U.S. Fed raises benchmark interest rate

Sep 27, 2018 - 11:55 AM

US President Donald Trump says he is 'not happy' about the move of the central bank

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

Philippine peso, stocks sink further

Sep 26, 2018 - 6:20 PM

The Philippine peso and the local bourse sink further on Wednesday, September 26, despite interest rate hike expectations

ADB cuts Philippine growth forecast, expects inflation to hit harder

Sep 26, 2018 - 12:05 PM

The Asian Development Bank says it revised its outlook due to the weak agriculture sector, high inflation, and continued global monetary tightening

Philippine peso dips to fresh 13-year low, bloodbath at PSE

Sep 25, 2018 - 10:50 PM

The Philippine peso closes at P54.31 against the US dollar on Tuesday, September 25

Trump's tariffs on $200 billion of Chinese imports kick in

Sep 24, 2018 - 5:09 PM

The latest volley against Beijing brings the amount of goods hit by duties to more than $250 billion, roughly half China's US exports, with American consumers set to increasingly feel the pain

TRUMP'S TARIFFS. In this file photo taken on September 11, 2018 US President Donald Trump speaks to members of the press following a briefing on Hurricane Florence in the Oval Office at the White House in Washington, DC.  Photo by Zach Gibson/AFP

Philippine peso sinking to P58 vs $1 'unlikely' – Diokno

Sep 19, 2018 - 11:55 AM

Budget Secretary Benjamin Diokno says the government relies on overseas Filipinos' remittances and foreign direct investments to keep the economy steady

UNLIKELY. Budget Secretary Benjamin Diokno says the P58 to a dollar forecast is 'unlikely.' File photo by Angie de Silva/Rappler

Philippines to become upper-middle income country by 2019 – Pernia

Sep 18, 2018 - 3:55 PM

The Philippines is poised to join the ranks of upper-middle income countries China, Thailand, and Malaysia, says Socioeconomic Planning Secretary Ernesto Pernia

GROWTH. Economic managers project the Philippines to join the upper-middle income band. Photo by Martin San Diego/Rappler

GROWTH. Economic managers project the Philippines to join the upper-middle income band. Photo by Martin San Diego/Rappler


OFW remittances slow down in January-July 2018

Sep 17, 2018 - 8:00 PM

Overseas Filipino workers send a total of $18.5 billion from January to July this year

Philippine peso to hit P58 vs $1, inflation to jump – Capital Economics

Sep 17, 2018 - 12:22 PM

The London-based research firm sees the Philippine peso sliding to P58 in 2019 and inflation soaring due to Typhoon Ompong

Food crisis, inflation due to lack of gov't direction – groups

Sep 14, 2018 - 2:55 PM

'This government must recognize that there is a food crisis largely because of the lack of leadership in food, agriculture, and fisheries governance,' says Hazel Tanchuling of Rice Watch and Action Network

Philippine peso plummets to P54 vs $1

Sep 12, 2018 - 5:45 PM

The Philippine peso dips further on Wednesday, September 12, amid a wider trade deficit, high inflation, and rising oil prices

WEAK. The Philippine peso continues its losing streak. Shutterstock photo


Duterte may issue EO to address inflation

Sep 12, 2018 - 10:16 AM

(UPDATED) President Rodrigo Duterte meets with his economic managers before the 29th Cabinet meeting to discuss how to contain inflation

President Rodrigo Roa Duterte presides over the 29th Cabinet Meeting at the Malacañan Palace on September 11, 2018. VALERIE ESCALERA/PRESIDENTIAL PHOTO

Trade deficit balloons by 171% in July 2018

Sep 11, 2018 - 8:30 PM

Imports accelerate by 32%, while exports languish at 0.3%

Duterte wants ancient barter trade to tame inflation

Sep 11, 2018 - 5:35 PM

Barter trade is one of the most ancient economic activities, where goods are exchanged without the use of cash

RICE WOES. President Rodrigo Duterte wants to revive barter trade with Sabah to bring rice prices down. Photo by Jire Carreon/Rappler


Businessmen say inflation 'manageable,' but gov't must act now

Sep 11, 2018 - 2:30 PM

Businessmen urge policy makers to revise certain policies, especially now that the causes of inflation are identified

Pernia denies manipulating August 2018 inflation data

Sep 10, 2018 - 8:20 PM

There are rumors that the August 2018 inflation rate was at 6.6% and not 6.4%

House wants National Price Coordinating Council to submit report on inflation

Sep 10, 2018 - 3:35 PM

House Majority Leader Rolando Andaya says the report will aid lawmakers in crafting better laws that would punish rice hoarders and price manipulators

RICE SHORTAGE. Individuals line up to buy rice fro the National Food Authority at P27 per kilo at the commonwealth Market on September 5, 2018. Photo by Darren Langit/Rappler

Consumers turn gloomy over Philippine economy in Q3 2018

Sep 07, 2018 - 8:13 PM

The Bangko Sentral ng Pilipinas' consumer expectation report reveals that Filipinos are now pessimistic on the economy

LOOK: Cooking pinakbet under sizzling inflation

Sep 07, 2018 - 7:21 PM

Love vegetable dishes like pinakbet? Rappler breaks down how much you need to buy the ingredients amid high inflation.

Business confidence in Q3 sinks to 8-year low

Sep 06, 2018 - 9:30 PM

The Q3 2018 Business Expectations Survey shows companies are concerned with the rising cost of raw materials, weak peso, and stiffer competition

Philippine peso weakens further to 13-year low

Sep 06, 2018 - 7:40 PM

The Philippine peso is now just a few centavos away from hitting P54 to $1

Robredo to Duterte gov't: 'Stop dismissing inflation as sign of growing economy'

Sep 06, 2018 - 11:20 AM

'Sa halip na patahimikin ang mga taong pumupuna ng mga pagkukulang nila, gamitin sana itong pagkakataon ng administrasyon na patunayang kaya nilang pababain ang presyo ng mga bilihin,' says Vice President Leni Robredo

GOVERNMENT PRIORITIES. Vice President Leni Robredo urges the Duterte administration to focus on easing high food prices rather than on matters like putting back opposition Senator Antonio Trillanes IV in jail. File photo by Jire Carreon/Rappler

IN CHARTS: This is how bad August 2018 inflation is in regions

Sep 05, 2018 - 11:30 PM

Which region had the highest inflation? Where did vegetable prices spike the most? Here's a look.

Gov't 'did little or nothing' to stop 6.4% August inflation

Sep 05, 2018 - 9:10 PM

Albay 2nd District Representative Joey Salceda says market opportunists and rice hoarders can no longer be blamed for the rising prices of goods in the country

NOT SATISFIED. Albay 2nd District Representative Joey Salceda is dissatisfied with the way the Duterte administration is handling soaring inflation. File photo by Darren Langit/Rappler

EXPLAINER: How inflation affects you

Sep 05, 2018 - 12:30 PM

Is inflation all bad? How does it affect savings? Rappler breaks it down for you.

Inflation surges to 6.4% in August 2018, exceeds estimates

Sep 05, 2018 - 10:17 AM

(3rd UPDATE) The latest figure moves even further away from the government's inflation target range of only 2% to 4%


PH among 'top performers' in Asia on sustainable trade

Sep 04, 2018 - 5:06 PM

The Philippines 'outperforms' Malaysia and Thailand due to a major improvement in its social pillar, boasting the 'most educated population' among all low income countries

TOP PERFORMER. According to the Sustainable Trade Index 2018 report, the Philippines is a top performer across Asian countries in sustainable trade. File photo by LeAnne Jazul/Rappler

Inflation expected to jump even higher in August 2018

Sep 03, 2018 - 10:45 AM

The Department of Finance (DOF) expects inflation to hit another 9-year high

NEDA pitches roadmap for federalism shift

Aug 31, 2018 - 4:46 PM

The National Economic Development Authority proposes that the shift to federalism should be carried out in 5 phases spanning 15 years

PITCH. NEDA proposes a phased, 15-year plan to shift to a federal form of government. Photo by Angie de Silva/Rappler

[ANALYSIS] Mere hiccups? Let’s be more honest about the economy

Aug 31, 2018 - 11:59 AM

The truth is, we’re living in a sad combo of slowing growth and accelerating prices. Worse, indicators point to harder times ahead.

[ANALYSIS] Filipinos don’t deserve fumigated nor weevil-infested rice

Aug 29, 2018 - 10:08 AM

(UPDATED) Why this burgeoning rice crisis? I argue that government is wholly to blame.

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