• 05 September 2015
MANILA, Sept. 5 -- Downward price pressures in food, energy, and oil rates, restrained inflation to an all-time low of 0.6 percent in August 2015, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported Friday that the country’s headline inflation rate recorded its lowest level anew, tapering down to 0.6 percent in August 2015 from 0.8 percent in the previous month and 4.9 percent in August 2014. “The current low inflation environment exhibited in the first eight months of 2015 has supported domestic demand, particularly household consumption, and we expect this to persist throughout the rest of the year,” said Economic Planning Secretary Arsenio M. Balisacan. Thus, the August 2015 inflation brought the year-to-date headline inflation to 1.7 percent, below the target range of 2.0 to 4.0 percent set by the government for 2015. But the figure was within both the Bangko Sentral ng Pilipinas’ forecast of 0.2-1.0 percent for the reference month and the market expectation of 0.6 percent for the reference period. Meanwhile, headline inflation in the food subgroup continued to ease in August 2015 (1.2% from 1.3%) follow ...Read more

APEC Senior Officials' meeting chair highlights importance of internet to economy, education

 CENTRAL  05 September 2015
CEBU CITY, Sept. 5 -- Chairperson of the Asia-Pacific Economic Cooperation (APEC) Senior Officials' Meeting, Laura del Rosario, said she hopes the meetings on Internet connectivity would convince APEC member economies of the importance of the Internet in economic development and education. Dur ...Read more

DSWD warns public anew of text scams

 CENTRAL  05 September 2015
QUEZON CITY, Sept. 5 -- The Department of Social Welfare and Development (DSWD) warns the public anew on text scams that continue to circulate. The text message contains the following: “Congratulations, from President Noy-Noy Aquino Foundation 4Ps Pantawid Pamilyang Pilipino Program, your sim # ...Read more