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Inflation hits 13-month low

PSA: 5.4 percent in June as price hikes for food, beverages ease Inflation in June 2023 slowed to a 13-month low of 5.4 percent from 6.1 percent a month ago, as price increases for food and non-alcoholic beverages eased, the Philippine Statistics Authority (PSA) said Wednesday. This was also slower …

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LEDAC OKs 20 bills; MIF to be signed before SONA

The Legislative Executive Development Advisory Council (LEDAC) chaired by President Ferdinand Marcos Jr. on Wednesday approved 20 bills that must be passed by the end of the year, including the Bank Deposit Secrecy measure that will allow the Central Bank to open accounts for cases involving money laundering and terrorism. …

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Facebook loses legal challenge in EU court

LONDON: Facebook lost a legal challenge on Tuesday at the European Union’s top court over a groundbreaking German antitrust decision that limited the way the company uses data for advertising. The European Court of Justice said competition watchdogs can consider whether companies like Facebook comply with the continent’s strict privacy …

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Nat’l debt hits record P14.1 trillion

The country’s outstanding debt hit a record P14.10 trillion as of end-May 2023 from P13.91 trillion as of end-April mainly due to the weaker peso against the greenback and the borrowings incurred by the government to fund its budget deficit, the Bureau of the Treasury said Tuesday. “The level of …

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Maharlika bill transmitted to Malacañang for Marcos signature

PRESIDENT Ferdinand Marcos Jr. is expected to sign the controversial Maharlika Investment Fund (MIF) measure, which had been transmitted to Malacanang, a Palace spokesman said on Wednesday. Presidential Communications Office Secretary Cheloy Garafil. File Photo  “Maharlika bill received yesterday (Tuesday) by ODESLA (Office of the Deputy Executive Secretary for Legal …

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