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Marcos caps rice prices in Philippines inflation fight | Borneo Bulletin Online

MANILA (AFP) – Philippine President Ferdinand Marcos yesterday imposed a price cap on rice, the national staple cereal, blaming “cartels” and hoarders for surging food charges. Marcos fixed the maximum retail price of regular milled rice, consumed by many Filipinos, at PHP41 (USD0.73) per kilogramme and PHP45 for the higher-quality “well-milled” rice. The new ceilings, […] ....

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Philippine inflation likely sizzled above BSP target in April

Inflation in the Philippines likely sizzled and jumped above the upper end of central bank Bangko Sentral ng Pilipinas’ (BSP) two-to-four per cent target range of manageable price hikes last month. ....

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Philippine recovery underway, observers say

The Philippine economy likely grew by above five per cent in 2021, signifying a rebound starting last year after it suffered from its worst post-war recession due to the most stringent lockdowns that shed millions of jobs and shuttered thousands of business in 2020. ....

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Philippines may be out of recession in Q2 but recovery prospects still dim

Philippines may be out of recession in Q2 but recovery prospects still dim
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Philippines out of recession but recovery hopes dim

Philippines out of recession but recovery hopes dim
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