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THE government is preparing new measures to combat the steep rise in commodity prices, according to the National Economic and Development Authority (Neda). The President has issued Administrative Order (AO) No. 20, which instructed the Department of Agriculture (DA) to take the lead in streamlining administrative proceduresand policies on the…
DOMESTIC tourists, destination management companies, even lawmakers, have long been complaining about the high cost of going on vacation here in the country, so much so that many now prefer traveling abroad where P20,000 can buy them airfare, a three-day/two-night stay and tours. Not only is domestic airfare expensive, but…
GEOPOLITICAL risks would make it more difficult for oil-dependent countries like the Philippines to tame inflation, which could accelerate to double digits if oil prices jump to unprecedented levels, according to local economists. On Wednesday, Bloomberg reported that oil traders piled into more than 3 million barrels worth of options…
FILIPINOS are less optimistic about the second quarter and the next 12 months given expectations that inflation would remain high, according to the Bangko Sentral ng Pilipinas (BSP). The latest Consumer Expectation Survey (CES) showed that consumer sentiment was less optimistic for the second quarter of 2024 and the next…
THE high-than-expected inflation print in the United States could significantly delay the decision of the US Federal Reserve to cut key policy rates, according to the Asian Development Bank (ADB). Given these developments, central banks such as the Bangko Sentral ng Pilipinas (BSP) should also keep a close eye on…