Filipinos spend a third of budget for food: Study
The study also found that utilities, transportation, and food totaled 49 per cent of the expenditure share of Filipino homes in 2018.
Philippines
Strategic reset: Marcos Jr. and China
By all indications, President Marcos Jr. seems intent on pursuing a more results-oriented China policy.
Peso continues slide, drops past 56:$1
The peso continued to weaken even after the central bank announced an increase in policy rates by 0.5 percentage points, two trading days ago.
Nearly a third of Philippines’ P5.3 trillion budget used to pay for debts
Despite the huge repayment, the government’s outstanding debt will still jump to a new high of P14.63 trillion by end 2023.
Philippine schools reopen; vice-president says it’s ‘victory’ for education
With schools opening once again, “this is also a victory for all the teachers, support staff, parents… and all education stakeholders,” vice-president Sara Duterte said.
China and the Philippines reaffirm ties
Analysts have said the Philippine government has consistently upheld the universally, globally accepted and United Nations-recognized one-China principle.
Philippine sugar shortage ‘artificial’: Malacañang
The Bureau of Customs found at least 214,000 bags of sugar in some warehouses, upon inspecting warehouses all over the country.
Bakers’ turn: Price hike on bread prices sought to cover ingredient prices
The last time bread prices were adjusted was in Feb 2022, after local bread manufacturers grappled with the rising cost of flour, which had increased by nearly 45 per cent.
Bongbong Marcos meets Chinese envoy, eyes stronger PH-China ties
The Palace has yet to release details about the meeting between Marcos and the Chinese envoy.
Philippine debt conundrum: Relying on consumption tax, making life tougher for the have-nots
An expert said that poor and middle class Filipinos now bear a disproportionately greater tax burden than before.