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News and Events

(Look) Typhoon Ompong Destroys a Corn Farm in Cagayan Valley

This how a natural disaster wreaks havoc on the country's agriculture sector

Super typhoon Ompong, also known internationally as Typhoon Mangkhut, is the strongest to hit the Philippines this year. Before it made landfall, Ompong was said to be moving at a speed of up to 325 kilometers per hour or 200 mph.The super ...

by Pauline Macaraeg  | September 18, 2018 10:00:00
News and Events

This is How Much Natural Disasters Cost PH in Terms of Damages and Deaths

A Brussels-based research center has kept count over the past decades

The Philippines is one of the most disaster-prone countries in the world. Located along the Pacific Ring of Fire, the country is susceptible to frequent earthquakes and even volcanic eruptions.In addition, the Philippines is also geographically located along the typhoon belt in ...

by Pauline Macaraeg  | September 17, 2018 02:00:00
News and Events

Guess How Many Filipinos Plan on Buying a House in the Next 12 Months

The figures are relatively steady despite a sharp drop in consumer confidence in 3Q of 2018

Around 9.2 percent of Filipino households say that they intend to purchase a residential unit in the next 12 months, according to the latest Consumer Expectations Survey by the Bangko Sentral ng Pilipinas (BSP) covering the third quarter of 2018.That’s only slightly ...

by Lorenzo Kyle Subido  | September 17, 2018 09:00:00
News and Events

Ultra Lotto 6/58 Jackpot Prize Soars to All-Time High of Php574.6 Million

It's also been 87 draws since a winner emerged, the longest since it was introduced in February 2015

A jackpot prize of Php574,579,336 is at stake during the Philippine Charity Sweepstakes Office’s (PCSO) draw for its Ultra Lotto 6/58 game tonight.This is the highest jackpot amount for the Ultra Lotto game since it was introduced by the PCSO in February ...

by Pauline Macaraeg  | September 14, 2018 06:00:00
News and Events

As Peso Falls Below Php54/$1, Here's the Likely Impact on Your Purchases From US Online Stores

Half of Filipinos' online shopping are done in e-commerce sites in the US and other countries

The Philippine peso hit a fresh low on Wednesday, September 12, closing at Php54.13 against the US dollar, the weakest it has been in almost 13 years. The last time the Philippine peso was at this level was in December 2005, according ...

by Elyssa Christine Lopez  | September 13, 2018 11:00:00
News and Events

UPCAT Postponed Due to Ompong

New dates to be announced soon

The University of the Philippines (UP) announced it is delaying its scheduled college admissions exam on September 15 and 16 due to the threat of Typhoon Ompong.On Wednesday, September 12, the UP Office of Admissions said on its official Facebook page that a new ...

by Elyssa Christine Lopez  | September 12, 2018 03:00:00
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

(Look) Motor Vehicle Loans Sustain Robust Growth Despite Slumping Car Sales

Outstanding vehicle loans rose 18% in July, but car sales for the month fell 24% from a year ago

Passenger and commercial vehicle sales sharply fell by almost a quarter in July compared to the same month last year after higher excise taxes on cars came into effect at the start of the year and fuel prices continued going up.In the ...

by Lorenzo Kyle Subido  | September 11, 2018 09:00:00
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

Almost Half of PH CEOs Plan to Invest in Startups to Minimize Disruption Risks

PwC's latest CEO survey reveals how local executives are coping with technological change

Around 45 percent of Philippine CEOs say that they plan to invest in startups as part of their strategies to adapt to disruptive technology, according to a report by accounting firm PwC Philippines.The latest CEO survey, which PwC published with the Management ...

by Lorenzo Kyle Subido  | September 06, 2018 09:00:00
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

Filipinos Top the World in Barkada Trips, No. 2 in Family Vacations

According to a survey by travel site Agoda

If there's anything the rest of the world should learn about us from movie-of-the-moment Crazy Rich Asians, it's that family means everything.According to new research from online travel agent Agoda, this trait carries over to our travel habits: seven out of 10 families globally ...

by Esquire Philippines  | September 01, 2018 12:00:00
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