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File photo MANILA - President Ferdinand R. Marcos Jr. on Tuesday expressed optimism that the drop in the prices of fuel and imported agricultural products would help tame inflation. This, after the country's headline inflation rate in January 2023 ticked up to 8.7 percent from 8.1 percent in December 2022, according to the Philippine Statistics Authority (PSA) report. While Marcos viewed the latest development as "unfortunate," he remained bullish that the prices of commodities would go down, considering the sliding prices of petroleum products and his administration's efforts to boost the supply of agricultural products. "As of now, with fuel prices going down and the prices of [agricultural] products with the importation slowly also going down, I think that we will see the effects on the inflation rate further down the road. And I sincerely believe that this is going to be as high as it's going to get," he said. Marcos, however, acknowledged that the m ....
The Democratic chairman of the U.S. Senate Foreign Relations Committee, Senator Bob Menendez, has called for a freeze of U.S. cooperation with Saudi Arabia, including most arms sales ....
The Democratic chairman of the U.S. Senate Foreign Relations Committee, Senator Bob Menendez, has called for a freeze of U.S. cooperation with Saudi Arabia, including most arms sales ....
India's decision to restrict rice exports is expected to raise global prices and trigger a rally in wheat and corn markets, raising further concerns over rising food costs ....