Filipinos spent 11 percent more on food and 9 percent more on beverage categories during the holiday season last year, according to consulting company Kantar. PHOTO COURTESY OF ABS-CBN NEWS

Big increase in holiday spending on food, beverages seen

FILIPINOS are expected to spend more on food during this coming holiday season, with household expenses on fast moving consumer goods (FMCG) such as...
There could be a slight pickup in the unemployment rate after the seasonal increase for temporary employment opportunities during the holiday spending rush. Photo shows the busy street of Ayala Avenue in Makati City. CONTRIBUTED PHOTO

Economist sees further decline in unemployment rate

THE country's unemployment rate will likely continue to go down in the remaining months of the year as the demand for the Christmas season...
Households were greeted by higher liquefied petroleum gas prices on Wednesday, Nov. 1. PNA PHOTO BY GIL CALINGA

LPG prices up anew

THE prices of liquefied petroleum gas (LPG) increased for the fourth consecutive month in November. In separate advisories, Regasco said LPG prices increased by P0.50...
Children play near the breakwater at the BASECO Compound in Tondo, Manila. JONATHAN CELLONA/ABS-CBN NEWS FILE PHOTO

Almost half of Filipino families rate themselves ‘poor’ – SWS

THE number of Filipinos who rated themselves poor increased to 13.2 million or 48% in September from 12.5 million or 45% last June, the...
The government forecasts rice imports to hit 3.1 million metric tons (MT) this 2023 which, if realized, will be lower than the 3.8 million MT that arrived in 2022. DEPARTMENT OF AGRICULTURE PHOTO

PH rice imports unfazed by global shortage – BOC

INBOUND shipments of rice remain unaffected by a global shortage of the commodity, allowing a steady collection of rice tariffs that would be used...
The Bangko Sentral ng Pilipinas has projected the rate of price increases to post a slower inflation rate of between 5.1 percent and 5.9 percent for October from 6.1 percent in September amid an increase in the prices of electricity, liquefied petroleum gas, fruits, fish, and minimum jeepney fare. These upticks are, however, seen to be countered by the lower prices of rice, meat, vegetables, and petroleum products. PNA FILE PHOTO

BSP eyes October inflation to slow to 5.1% to 5.9%

THE Bangko Sentral ng Pilipinas (BSP) has forecast October’s inflation rate to decelerate to between 5.1 percent and 5.9 percent from September’s 6.1 percent,...
Photo by Josh Olalde on Unsplash

Incentives urged for local makers of building materials

THE government should give incentives to local manufacturers of construction materials so that the sector can better supply the domestic market, an industry group...
The Bureau of Customs-Port of Subic discovered 1,269 boxes of counterfeit products bearing trademarks and copyrighted materials without authorization from the rights holders. Photo shows Customs commissioner Bienvenido Rubio (second from left) with Port of Subic district collector Carmelita Talusan (third from left) inspecting the seized goods. BOC PHOTO

Gov’t seized P23B worth of pirated goods as of Sept.

AT LEAST P23.03 billion worth of pirated goods were seized by authorities from January to September this year, leading to a more than two-fold...

BEHIND THE BRAND: A CLOSER LOOK AT THE SUCCESS OF GAC MOTOR

In the dynamic world of the automotive industry, GAC MOTOR has emerged as a prominent and dynamic force, capturing the attention of both automobile...
A market research firm survey showed that most Filipinos look for part-time jobs in call centers. PHOTO COURTESY OF ABS-CBN NEWS

More young Filipinos engaging in part-time work – firm

ABOUT 60 percent of adult Filipinos are engaged in some form of part-time work, a market research firm said yesterday. Agile Data Solutions said many...