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Overall inflation in the Philippines dropped to 4.9 percent in October 2023 from 6.1 percent in the previous month, lower than the Bangko Sentral ng Pilipinas (BSP)’s forecast of 5.1 to 5.9 percent. This brings the year-to-date (YTD) inflation rate to 6.4 percent, closer to the Development Budget Coordination Committee (DBCC) assumption of 5.0 to…
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President Ferdinand R. Marcos Jr. on Wednesday extended his gratitude to the Department of Foreign Affairs (DFA) and the embassies of Israel, Jordan and Egypt for the safe passage of 40 more Filipinos from the Gaza strip through the Rafah b crossing in Egypt. In a video message, President Marcos said the Filipinos will be…
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President Ferdinand R. Marcos Jr. is set to attend the 30th Asia-Pacific Economic Cooperation (APEC) Leaders’ Summit in San Francisco, California from November 15-17, which is the culmination of the year-long chairmanship and hosting by the United States of the leaders’ meeting this year. Department of Foreign Affairs (DFA) Undersecretary Charles Jose said that President…
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The administration of President Ferdinand R. Marcos Jr. is on the right track in providing affordable rice in the market, according to National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon. Edillon said in a Malacañang press briefing on Tuesday that the Marcos administration is now coming up with “economies of scale,” which will eventually…
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Newly-appointed agriculture secretary Franciso Tiu Laurel, Jr., attends his first flag raising ceremony on November 6, 2023 at the DA Central Office in Quezon City. In a brief message, Sec. Laurel expressed eagerness to work with everyone in DA. The ceremony was also attended by senior DA officials and Isabela First District Representative, Congressman Antonio…
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President Ferdinand R. Marcos Jr. said that the government is already fine-tuning some measures aimed at extending the electronic visas issued to foreigners who will be staying in the country. “We will find a way to do it. But we are doing it (extending the e-visa),” President Marcos said during the courtesy visit of Indian…
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The Indian government is offering the Philippines at least seven helicopters that will be used for the rescue and humanitarian efforts of the Philippine Coast Guard (PCG) during disasters in the country. President Ferdinand R. Marcos Jr. said that India’s offer to provide helicopters to the PCG will be a big help to the Philippine…
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The Philippines and Japan signed key agreements on security, defense, maritime cooperation, mining and tourism industries, President Ferdinand R. Marcos Jr. announced on Friday, following a bilateral meeting with Japanese Prime Minister Fumio Kishida. “Today, key agreements have been signed that will propel the momentum of our bilateral relations in the next coming years, building…
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Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and Chief Executive Officer Ajejandro H. Tengco said increased demand for leisure, travel and entertainment will sustain the growth trajectory of the Philippine gaming industry in the coming years. During the RGB Connect Gala Night at Hilton Clark Sun Valley Resort in Pampanga over the weekend, Mr. Tengco…
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Japan will work with the Philippines to strengthen cooperation in maintaining and strengthening a free and open international order based on the rule of law amid complex crises facing the international community, Japanese Prime Minister Fumio Kishida said on Friday. “Japan and the Philippines are both maritime nations and strategic partners sharing a fundamental principles…
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The Bench Files 