Peso Purchasing Power Falls to 8-Year Low
The Philippine peso's purchasing power dropped to P0.073, its lowest in eight years, as inflation surged to 7.2% in April 2026, impacting household spending.
The Philippine peso's purchasing power dropped to P0.073, its lowest in eight years, as inflation surged to 7.2% in April 2026, impacting household spending.
Central Visayas recorded 10.8% inflation in April 2026, the highest in the Philippines for nine straight months, driven by soaring food and transport costs.
The Philippine peso's purchasing power dropped to P0.073 in April 2026, the lowest in eight years, as inflation surged to 7.2%.
Philippine inflation surged to 7.2% in April 2026, the highest since March 2023, driven by food and transport costs. Government cites Middle East conflict impact.
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RecommendedPhilippine economic managers will meet next month to review growth and fiscal targets, citing the impact of global oil price shocks from Middle East conflict.
A March 2026 survey by WR Numero shows that 63% of Filipinos prioritize job creation and 49% want higher wages, with other key issues including anti-drug campaigns and corruption.
Direct fuel subsidies to public transport drivers help curb inflation by preventing fare hikes. The government allocates P238 billion, with local aid in Cebu.
BSP survey shows Filipino consumer sentiment improved in Q1 2026 but near-term and 12-month outlooks declined due to inflation and governance concerns.
The Philippines faces repeated economic shocks from global oil price spikes due to import dependence, with the burden falling hardest on the poor. Structural reform and renewable energy investment are urgently needed.
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RecommendedA March 2026 SWS survey reveals 50% of adult Filipinos believe their quality of life deteriorated, with a net gainer score of -26, the lowest since September 2021.
Davao Region's economy reached ₱1.14 trillion in 2025, growing 5.1% despite earthquakes and governance issues, PSA data shows.
A March 2026 SWS survey shows 50% of adult Filipinos believe their quality of life worsened, with a net gainer score of -26, the lowest since September 2021.
Central Visayas' economic growth slowed to 3.7% in 2025 from 7.3% in 2024, while Western Visayas became the fastest-growing region at 6.4%, according to PSA.
The Philippines obtained more than $6 billion in financing and co-financing from the Asian Development Bank in 2025, supporting infrastructure, recovery, and food security projects.
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RecommendedA new study by the Philippine Institute for Development Studies projects that rising global oil prices could push 1.34 million Filipinos into poverty, reversing recent gains and disproportionately affecting rural and vulnerable households.
President Ferdinand Marcos Jr. announces a significant fuel price rollback, including a P24 per liter cut for diesel, providing crucial relief for Filipinos grappling with high inflation and logistics costs. The Department of Energy ensures implementation
President Ferdinand Marcos Jr. announces significant fuel price reductions, with diesel dropping over P24 per liter. Government implements transport assistance programs and license extensions to ease public burden.
The Philippine Economic Zone Authority remains optimistic about meeting its investment and export goals for 2026, citing a robust pipeline of approved projects in the first quarter despite global challenges like the oil crisis.
President Ferdinand Marcos Jr. announces significant reductions in diesel, gasoline, and kerosene prices, alongside extended vehicle registration and driver's license validity to provide economic relief.
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RecommendedAs the US-Israel-Iran conflict continues, Cebu faces immediate fuel price fluctuations. The real threat lies in post-war price normalization, where increases may become permanent without government intervention and transparency.
The Philippine Statistics Authority reports Davao Region's inflation rate surged to 5.9% in March 2026, with transport costs jumping to 11.9% and food prices rising sharply, impacting household budgets across the region.
This article delves into two critical issues: the Philippine economy's impact on shipping with expert Rene Ledesma, and the ALCQ tax settlement insights from Aldwin Empasis and Atty. Resti Arnaiz.
Professor Ronilo Balbieran examines economic challenges and future prospects, while Board Member Michael Villamor details the APO tax settlement's implications for public accountability.
President Ferdinand Marcos Jr. announces the removal of excise tax on LPG and kerosene to reduce household costs, alongside price controls on staples and port fee waivers to stabilize the economy.
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RecommendedThe Philippines may need a P429 billion crisis fund if Middle East tensions last until the end of 2026, doubling earlier estimates to address economic impacts from the Iran war, according to DepDev.
The Philippine government is transitioning from crisis response to a recovery strategy as global oil shocks keep fuel prices high. The UPLIFT plan aims to protect vulnerable sectors and ensure economic stability.
The Marcos administration claims the Gulf of Hormuz situation is 'under control' with oil shipments continuing, but Cebuanos face rising fuel and food costs as tax relief measures remain unimplemented.
Foreign direct investments into the Philippines declined to net inflows of $443 million in January 2026, down from $729 million a year earlier, as geopolitical uncertainties dampened investor confidence, according to Bangko Sentral ng Pilipinas data.
Economists advocate for a temporary suspension of fuel taxes to ease the burden of rising oil prices on consumers and transport groups, while warning of risks to government revenue and fiscal stability.
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RecommendedThe Philippine economy is projected to experience restrained growth over the next two years due to global uncertainties, particularly the Middle East conflict, impacting investment and inflation, according to the Asian Development Bank's latest outlook.