BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla signaled readiness to unleash “more aggressive” monetary policy moves in the coming months, amid rising price and currency pressures in recent weeks. In a message to reporters on Thursday, Medalla said the BSP is closely monitoring developments in the financial markets which…
A LABOR group on Thursday urged President Ferdinand R. Marcos, Jr. to tap his over P2-billion intelligence funds to provide relief to people who are now reeling from the effects of high inflation. Sentro ng mga Nagkakaisa at Progresibong Manggagawa (Sentro) Secretary General Joshua T. Mata gave the proposal after Marcos…
LOCAL meat processors are urging President Ferdinand R. Marcos Jr. to extend the lower tariff rate on mechanically deboned meat (MDM) of poultry to temper price increases in processed meat products due to rising costs of inputs. The Philippine Association of Meat Processors Inc. (PAMPI) said the country continues to…
AS the Philippines’s jobs situation continues to show enduring weaknesses, an economist-lawmaker on Thursday said the government must shift the social benefits system from targeted cash transfers to some form of universal unemployment insurance. Albay Rep. Joey Sarte Salceda, a senior economist of the House of Representatives, said the current…
EFFORTS to attract more investments are crucial in providing jobs to millions of Filipinos who are unemployed or looking for better employment opportunities, according to local economists. On Thursday, the Philippine Statistics Authority (PSA) reported that 2.93 million Filipinos are unemployed while 6.67 million are underemployed in May. The PSA…