• 07 October 2015
MAKATI, Oct. 7 -- Tempered price movement in food, power, and oil rates pushed inflation to another all-time low of 0.4 percent in September 2015, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported yesterday that headline inflation rate recorded its lowest level, easing further to 0.4 percent in September 2015 from 0.6 percent in the previous month and from 4.4 percent in September 2014. “We expect the current low inflation environment exhibited in the first nine months of 2015 to persist throughout the rest of the year, more so, as international oil prices continue to remain low and are not expected to increase significantly in the near term,” said Economic Planning Secretary Arsenio M. Balisacan. Inflation in the food subgroup continued to ease in September 2015, (0.7% from 1.1%) following slower price adjustments in majority of its sub-items such as breads and cereals, fish, fruits, and rice. The declining prices of regular milled rice due to sufficient supply partly supported the downward trend in overall food prices. On the other hand, meat (0.4% from 0.3%) and vegetables (2.3% from 2.0%) exhibited slightl ...Read more

National, local government aid families hit by Tropical Storm ‘Kabayan’ 

 CENTRAL  07 October 2015
QUEZON CITY, Oct. 7 -- The government continues to provide relief assistance to families affected by Tropical Storm Kabayan in Iloilo and Central Luzon. The Department of Social Welfare and Development is coordinating with local government units (LGUs) and provincial action teams validating and ...Read more

‘Healthy ecosystem leads to poverty reduction’- Paje 

 CENTRAL  07 October 2015
ILOILO CITY, Oct. 7 -- Achieving a healthy and sustainable ecosystem will lead to poverty reduction, Department of Environment and Natural Resources (DENR) Secretary Ramon Paje said in a press conference on Monday which concluded the Asia-Pacific Economic Cooperation (APEC) High Level Policy Dialog ...Read more