INFLATION may have slowed in November, but local economists warned that higher rice prices as well as Christmas spending in December may keep commodity prices elevated. On Tuesday, the Philippine Statistics Authority (PSA) disclosed that the country’s inflation slowed to 4.1 percent. This was slower than the 4.9 percent posted…
WHILE the economy is not as vulnerable to shocks compared to 10 to 20 years ago, the government cannot resort to making reckless decisions to respond to shocks, according to the National Economic and Development Authority (Neda). Socioeconomic Planning Secretary Arsenio M. Balisacan recently told reporters that addressing shocks remains…
AS the year of high inflation comes to a close, Filipinos may not be able to see price increases slow down next year, especially with the recent decision of India to extend its rice export ban to 2024. Rice, the country’s food staple, could remain expensive next year given the…
THE country’s external trade performance may continue to be lackluster and may already be the new normal for the Philippines given the “unilateral” decisions made by its two biggest trade partners China and the United States. On Tuesday, the Philippine Statistics Authority (PSA) reported that exports contracted 6.3 percent while imports…
GIVEN the latest inflation print and risks that could further lead to price spikes for the country's food staple, there may be room to revisit its proposal to reduce rice tariffs, according to the National Economic and Development Authority (Neda). On Thursday, the Philippine Statistics Authority (PSA) reported that inflation rose to 6.1 percent in