Apple increases investment in Taiwan with new plant in Taoyuan

Popular News

• 

  • 菲律賓國旗

  Department of Agriculture officials in the Philippines observe stable pricing for rice

  According to Agri officials see stable rice prices | Inquirer Business, a Department of Agriculture (DA) official stated that better production and the arrival of imported rice from India next month are expected to stabilize retail prices of rice, particularly during the holiday season.According to Agriculture Assistant Secretary Arnel de Mesa, authorities anticipate that prices would stay steady and won't rise to the P52 per kilogram level as previously noted.The 295,000 metric tons (MT) of rice from India are anticipated to arrive in the nation in December, according to the DA official.As previously mentioned, on October 18, the Indian Ministry of Commerce and Industry announced that 1.03 million MT of rice will be sent to seven nations: Nepal, Cameroon, Cote d'Ivoire, Republic of Guinea, Malaysia, the Philippines, and Seychelles.Despite India's July export ban on non-basmati white rice, the Philippines was given the largest share.Additionally, According to Agri officials see stable rice prices | Inquirer Business, the Department of Agriculture official stated that the country will have a 90-day buffer stock of palay as local output will increase.The third quarter of 2023 saw a minor increase in palay output of 0.21 percent to 3.79 million metric tons (MT), according to statistics released by the Philippine Statistics Authority (PSA).Western Visayas led the list among the regions, with 726,642 MT, or 19.1% of the overall volume. Nonetheless, the volume decreased by 14% from the previous year.According to Agri officials see stable rice prices | Inquirer Business, second place went to Cagayan Valley, with an overall share of 476,343.22 MT, or 12.5%.

  2023-11-06 03:00
• 

  • 菲律賓國旗

  In Q3, the Philippine economy expanded by 5.9%

  According to PH economy grew by 5.9% in Q3 | Inquirer Business, The Philippine Statistics Authority (PSA) said on November 9 that the country's GDP expanded by 5.9 percent year over year in the third quarter, above market estimates and surpassing the 4.3 percent growth noted in the second quarter.This increased the nation's average gross domestic product (GDP) growth for the year to 5.5%.Arsenio Balisacan, the secretary of socioeconomic planning, according to PH economy grew by 5.9% in Q3 | Inquirer Business, stated at a news conference that the government has to expand by 7.2 percent in the last quarter of the year in order to meet at least the lower end of its projected growth rate of 6 to 7 percent for this year.For a nation struggling with persistently high consumer costs, the most recent data was encouraging. It exceeded most estimates for GDP, which ranged from 4.3 to 4.9 percent.According to PH economy grew by 5.9% in Q3 | Inquirer Business, average inflation between January and October reached 6.4%, much over the government's goal range of 2 to 4%. This is particularly hurting consumer spending, which is the backbone of the economy.The third quarter's growth in household consumption was 5.5%, according to the data, which was less than the 5.5 percent rise in the previous quarter.In an effort to control inflation, which is also stifling development, the Bangko Sentral ng Pilipinas (BSP) has started its most extreme tightening program in 20 years.Currently, according to PH economy grew by 5.9% in Q3 | Inquirer Business, the BSP's consideration of the third quarter GDP statistic will be a crucial factor in determining whether more tightening is necessary once it meets on November 16th.

  2023-11-10 03:00
• 

  • 菲律賓國旗

  October saw a 4.9% decrease in Philippines inflation

  According to PH inflation eased to 4.9% in Oct | Inquirer Business, the slower rate of growth in food prices in October contributed to a considerable decrease in inflation, according to a November 7 data from the Philippine Statistics Authority.The consumer price index, which measures inflation, decreased from 6.1 percent in September to 4.9 percent in October.With the most recent report, the 10-month average increased to 6.4 percent, which is still higher than the 2 to 4 percent yearly objective set by Bangko Sentral ng Pilipinas.Additionally, the number exceeded the BSP's own projection, which put the rate of inflation from the previous month at 5.9 to 5.1 percent.According to PH inflation eased to 4.9% in Oct | Inquirer Business, National Statistician Claire Dennis Mapa stated at a news conference that the slower rise in the prices of staple foods was the primary cause of last month's lower inflation figure. According to data, food inflation decreased to 7% in October from 9.7% in September.According to PH inflation eased to 4.9% in Oct | Inquirer Business, the decline was also influenced by the restaurants and lodging services index, which saw an increase in inflation from 7.1 percent in September to 6.3 percent in October.For a central bank that has yet to choose whether to tighten monetary policy further at its meeting on November 16 or slam the brakes on rate rises, the October inflation statistic would be a crucial piece of information. This comes after an unexpected decision to raise the main rate by 25 basis points to 6.50 percent in late October—a new 16-year high.According to PH inflation eased to 4.9% in Oct | Inquirer Business, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. justified the recent off-cycle rise by stating that the Monetary Board (MB) acknowledged the necessity of this immediate monetary action to convey to the market that the BSP is making every effort to return inflation to its goal range of 2 to 4 percent.

  2023-11-07 03:00