• 07 February 2016
MANILA, Feb. 7 -- Slower price adjustments in both food and non-food items pulled down inflation to 1.3 percent in January 2016 from 1.5 percent in the previous month, according to the National Economic and Development Authority (NEDA).Inflation for the food subgroup slowed down as prices of fish, fruits, vegetables, milk, cheese, and eggs became stable.“Good weather conditions at the onset of 2016 allowed prices of these food items to stabilize. This was an improvement from the previous month when Typhoon Nona pushed up prices due to hampered production, transport, and delivery of agricultural products in the affected areas,” said Socioeconomic Planning Secretary Emmanuel F. Esguerra.The January 2016 inflation of 1.3 percent was within the Bangko Sentral ng Pilipinas forecast of 0.8-1.6 percent for the period, and exactly the same as the median forecast of 1.3 percent. This also remained lower than the 2.4 percent inflation rate in January 2015.Inflation in non-food items also slowed down across all commodity groups, especially in transport.“Domestic prices of petrol – gasoline, liquefied petroleum gas, diesel, and gasoline – continued to go down. This was still due t ...Read more

DepEd to establish new schools for indigenous peoples in Mindanao

 CENTRAL  07 February 2016
PASIG CITY, Feb. 7 -- Pursuing its commitment to provide culture-based education and help ensure lasting peace in Mindanao, the Department of Education (DepEd) will establish 5 new schools for Higaonon communities in Gingoog, Misamis Oriental. The new schools will be established in Barangays Kalip ...Read more

CALABARZON to get P75-M in BUB big-ticket projects

 CENTRAL  07 February 2016
MANILA, Feb. 7 -- Region IV-A (or CALABARZON) was allocated more than P2 billion in Bottom-up Budgeting (BuB) funds for this year, of which P75 million was tagged for big-ticket projects in the region that will help boost business and development for the second largest contributor to the national G ...Read more