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News and Events

After 2 Years of Optimism, Why Have Consumers Become Pessimistic Again?

The consumer confidence index turned positive only under Duterte. Is that about to change?

The overall consumer confidence index, a measure of Filipinos’ sentiment on how their households are faring financially and economically, fell to -7.1 in the third quarter of 2018 from 3.8 in the previous quarter, according to the Bangko Sentral ng Pilipinas (BSP).That’s ...

by Lorenzo Kyle Subido  | September 12, 2018 10:00:00
News and Events

(Look) Amid Rising Inflation, Guess Which Expense Item Costs Less This Year?

Officials initially thought the commodity's price index also went up; turned out it was down

It’s not all bad news when it comes to the country’s latest consumer price inflation, which surged to a near-decade high of 6.4 percent in August.Though most of the commodity groups that made up the consumer price index (CPI) went up, led ...

by Pauline Macaraeg  | September 11, 2018 01:00:00
News and Events

Rice, Corn or Noodles? Fish or Meat? What to Buy as Inflation Hits a Nine-Year High

Using variations in price increases as a guide for your next trip to the grocery or the mall

As inflation hit fresh highs in recent months in part due to lack of cheaper rice varieties sold by the government, the Department of Agriculture suggested consumers should consider shifting to corn, or a mixture of rice and corn, as staple food. ...

by Elyssa Christine Lopez  | September 07, 2018 05:00:00
News and Events

Consumer Price Inflation Surges to 6.4% in August, Highest Since 2009

Rising prices of food, beverages as well as tobacco and alcoholic drinks drive inflation higher

The annual inflation rate, a measure of how fast consumer prices have risen in the past year, surged to 6.4 percent in August, the Philippine Statistics Authority (PSA) announced on September 5.That marks an increase from the 5.7-percent rate reported last July. ...

by Lorenzo Kyle Subido  | September 05, 2018 11:00:00
News and Events

Ayalas and Aboitizes Want to Design and Develop PH's National ID System

Project will collect, store, maintain, manage and authenticate identity information of Filipino adults

Companies belonging to two of the country’s largest family-owned conglomerates have teamed up to submit an unsolicited proposal to design and develop the country’s national identification system.In separate disclosures to the Philippine Stock Exchange (PSE) on Tuesday, August 14, Ayala Corporation (AC) ...

by Pauline Macaraeg  | August 14, 2018 03:00:00
News and Events

(Infographic) How Will the Philippines be Affected by the US-China Trade War?

Most of the country's top five exports to and imports from China are seen to be covered by higher US tariffs

On July 6, both the US and China imposed tariffs on each other’s products, which affected a combined $68 billion (Php3.6 trillion) worth of imported and exported goods. The US government later announced that it may soon apply tariffs to an additional ...

by Lorenzo Kyle Subido  | July 19, 2018 09:00:00
News and Events

(LOOK) Why the Planned National ID Card Will Be Hard to Fake

Check out the initial design of the card and some of its enhanced security features

Following the Senate and House of Representatives’ ratification of the Philippine Identification System (PhilSys) Act of 2018, it’s only a matter of time before President Rodrigo Duterte signs the bill that will finally establish a National ID System in the country.Related story: ...

by Elyssa Christine Lopez  | June 05, 2018 09:00:00
News and Events

No Wonder You’re Spending More: PH Inflation Jumps to 41-Month High of 3.9% in Feb

In Metro Manila, prices rose by 4.7%, due to higher costs of alcoholic drinks and tobacco

The Philippines’ newly rebased headline inflation rate soared to a 41-month high of 3.9 percent in February from 3.4 percent the previous month and 3.1 percent in February last year, according to the Philippine Statistics Authority (PSA).The inflation surge came in the ...

by Pauline Macaraeg  | March 06, 2018 01:00:00
News and Events

What Are the Country's Highest Paying Jobs in 2016?

Here are the top 50 out of over 400 jobs across 51 industries, according to the PSA

Every other year, the Philippine Statistics Authority (PSA) releases the Occupational Wages Survey (OWS), which lists the average monthly pay of different jobs across several industries. Targeting establishments that have at least 20 employees, the data generated by the OWS serves as ...

by Lorenzo Kyle Subido  | September 18, 2017 06:00:00
News and Events

In Which Regions and Cities Do Food and Accommodation Businesses Earn the Most?

Average gross profit per establishment ranges from Php1.5 million to Php15 million

Food and accommodation establishments in the Philippines earned an average gross profit (income less expenses) of Php9.6 million in 2015, according to the Philippine Statistics Authority (PSA).But restaurant, bar and hotel owners as well as caterers in Metro Manila earn more compared ...

by Pauline Macaraeg  | September 05, 2017 10:00:00
News and Events

How Much Money are Restaurants, Bars and Caterers Making on Average?

Before putting one up, take a look at the latest numbers from the Philippine Statistics Authority

Each year, the Philippine Statistics Authority (PSA) conducts the Annual Survey of Philippine Business and Industry (ASPBI), which gathers data on close to 40,000 formal business establishments that employ at least 10 workers in the country. The latest survey, which includes 18 ...

by Pauline Macaraeg  | August 24, 2017 04:00:00
News and Events

Financial Adviser: How to analyze GDP stats for business decisions

Here’s the 5 basic steps you can take

Last week, the Philippine Statistics Authority (PSA) announced that the Philippine economy grew by 7.1 percent for the third quarter compared to a 6 percent growth from the same quarter last year.The growth was also higher than the 7 percent growth registered ...

by Henry Ong  | November 22, 2016 05:00:00
News and Events

New small, medium businesses soar amid rising GDP

As GDP climbs, it’s about time you launch that startup

via GIPHYInstinctively, we know that a rapid rise in gross domestic product (GDP), a measure of economic output, is good for business. That's probably why a lot of entrepreneurs followed the Philippines Statistics Authority's (PSA) fresh announcement that GDP rose 7.1 percent ...

by Entrepreneur Staff  | November 17, 2016 11:00:00
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