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PHL could hit single-digit poverty 2 years ahead of schedule

PHL could hit single-digit poverty 2 years ahead of schedule
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Current account pressures seen to stay BSP s hands

EMERGING risks to inflation and a tentative outlook for export growth may push back any decision of the Monetary Board to cut key interest rates in the country this year, according to ANZ Research. In its latest Asian Economic Outlook, ANZ Research said the gradual retreat in the increase in…

Oil firms hike prices this Holy Week

LOCAL pump prices will go up this Holy Week, oil companies announced Monday. Effective Tuesday morning, gasoline prices will go up by P2.20 per liter, diesel by P1.40 per liter, and kerosene by P1.30 per liter. Rodela I. Romero, director of the Oil Management Bureau of the Department of Energy…

Neda: Wage hike to reverse economic gains

THOUSANDS of Filipinos could lose their jobs, and the economy could suffer significant losses due to the proposed P100 wage hike, according to the National Economic and Development Authority (Neda). In an online forum on Thursday, Socioeconomic Planning Secretary Arsenio M. Balisacan said the P100 wage hike could render 100,000…

BSP: Only a sustained dip in prices justifies an easing

THE Bangko Sentral ng Pilipinas (BSP) remains hawkish despite commodity prices slowing to 2.8 percent, the slowest in 39 months or four years. Based on the Philippine Statistics Authority (PSA), inflation slowed to a rate that is the slowest since October 2020 when inflation averaged 2.3 percent. This is within…

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