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Why Fuentebella’s Partido Development Administration got the axe

Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]

Peso seen to breach the 54 level to a US dollar in 2018

This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]

No economy is an island, so will PH get hit by BREXIT?

Not yet in and yet, the choice technocrats of the incoming Duterte regime are quick to sound off that the European phenomenon called BREXIT, the departure of the United Kingdom (also known as Great Britain) from the European Union will have no effect on the local economy. While many countries […]

Rejoinder, which Bicol city is ready to become an HUC?

After posting Legazpi City readies to become the first HUC in Bicol, this writer felt like taken for a ride (‘nakuryente’) by the information. So I reviewed some numbers to compare the remaining cities of the region. First. Bicol cities verified annual regular income from the years 2011 up to […]

Extremely productive: PH, Japan sign agreements on rail project and more

The Philippines and Japan on Thursday night signed bilateral agreements on social security and rail project while increasing defense partnership following the Paris attacks that killed 129 people. The agreements were signed after the bilateral meetings between Philippine President Benigno Aquino III and Japan Prime Minister Shinzo Abe at the […]

PH looking at additional 1.3-MT rice imports

The Philippines has no bragging right about rice self sufficiency anytime now until some time next year. The government is looking to import an additional 300,000 metric tons (MT) of rice, bringing total rice shipments to 1.8 million MT during the first half of 2016, to ensure enough supply and […]

World Bank projects Philippine economy to expand 6.5% in 2015

MANILA, April 13 — The World Bank has projected the gross domestic product (GDP) growth for the Philippines at 6.5 percent at end-2015. The growth forecast for the country this year was trimmed from the 6.7-percent GDP growth projection in October 2014. In its East Asia and Pacific Economic Update […]

PH merchandise exports suffer marginal drop in January 2015

MANILA, March 12 — Philippine export of minerals and agro-based products registered strong growth in January 2015, but weaker demand in manufactures and lower sales from petroleum pulled down total exports, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported Tuesday that the country’s merchandise […]

Peso takes a breather on renewed interest on equities

Peso takes a breather on renewed interest on equities MANILA, Feb. 14 — The Philippine peso ended the week sideways to a dollar at 44.28 from day-ago’s 44.37 partly buoyed by investors’ preference to put funds in the local equities market. A trader said investors are still worried about the […]

Gov’t officials, importers face criminal raps on garlic racket

Gov’t officials, importers face criminal raps on garlic racket. MANILA, Jan. 8 — Some 100 individuals, which include Aquino government officials and garlic importers, are facing criminal charges for abnormal increase in the market price of garlic in 2014. The National Bureau of Investigation on Wednesday filed criminal charges against […]

PH inflation dips to 3.7 percent in November 2014

MANILA, Dec. 6 — Lower food prices and cheaper local petroleum and electricity pulled down inflation rate to 3.7 percent in November, its lowest level this year, according to the National Economic and Development Authority. Inflation rate from January to November 2014 stood at 4.3 percent. “This further easing is […]

PH economy slows down to 5.3% in third quarter

MAKATI CITY, Nov 28 — The county’s economy slowed down, as the gross domestic product (GDP) grew by only 5.3 percent in the third quarter of 2014. This is the lowest in almost three years. This is lower than the growth rates of 6.4 percent in the second quarter of […]

PH Ebola aid to W Africa, Dolphins in Albay, Aquino home from Mayanmar summit, PH export up 5.7%

PH to send medical resources to Ebola-stricken W. Africa The Philippines is sending medical resources to Ebola-stricken countries in Western African region according to President Benigno S. Aquino III. He said the Philippines will send medical resources in support of the global effort to help nations overwhelmed by the Ebola […]

Export growth of PH up by 15.7 per cent – NEDA

PASIG CITY, Nov 13 — Philippine merchandise exports grew by 15.7 percent in September 2014, topping trade-oriented economies in East and Southeast Asia since June, according to the National Economic and Development Authority (NEDA). The Philippines outperformed China (15.3%), Vietnam (14.4%), Republic of Korea (6.9%), Taiwan (4.7%), Indonesia (3.9%), Thailand […]

Mayon disaster tourism has positive side

Even with the impending eruption of Mayon volcano, there are tell tale signs that disaster tourism has positive economic benefits to the province of Albay and Legazpi city. The national government thru its various national agencies are pouring millions of pesos as ready funds to finance expenditures and purchases of […]

DA: Bicol pilot area for climate change resistant crops

The Department of Agriculture selected Bicol Region as the pilot area for climate change resistant or adapting crops in line with the climate change resiliency program of the government. Agriculture secretary Proceso Alcala on Sunday said the region will also serve as the laboratory for the DA’s quick turnaround planting […]

Masbate farmers coop acquire rice processing center

PILI, Camarines Sur, -– The Narangasan multi-purpose cooperative based in the town of Milagros in Masbate province recently received a rice processing facility built by the agriculture department (DA). The building with an area of 300 square meters was completed at the cost of P56 million equipped with a multi-pass […]

PH economy projected to sustain 6.5% growth in 2014

MANILA, Jan. 6 — The country’s economy is projected to sustain a robust growth of 6.5 percent this year, slightly lower than the 2013 estimate of 6.75 percent, on the back of buoyant infrastructure investments and stronger consumption, according to a finance firm. “The administration’s main thrust is infrastructure spending […]

Peso gains strength vs. dollar on Monday

MANILA, Dec. 2 — The peso strengthened against the United States dollar on Monday and is seen to remain this way until Friday on account of the volume of data set for release this week that is expected to be on the US dollar’s disadvantage. It gained P0.10 to end […]

The 101 on Why Highlight Bicol Marine Wealth in a Regional Trade Fair

The 101 on why there is the need to highlight Bicol marine wealth and biodiversity into the spotlight of a regional trade fair. The regional office of the Bureau of Fishiries and Aquatic Resources partners with the organizers of the forthcoming regional Bishop Francisco Gainza Trade Fair with its exhibition […]

Bicol is 7th Poorest Among Geographic Regions of the Philippines

The latest info-statistic release by the National Statistics Coordination Board should not surprise us at all. With a poverty incidence of 34.1 percent during the first six months of 2012, Bicol is the seventh poorest region in the Philippines, based on the latest study of the agency which is releasing […]

Many Bicol Families Live Dirt Poor and Always Hungry

Darnel (not his real name) lives with his family in an informal satellite community in the municipality of Calabanga. His parents and grandparents are neighbors in makeshift nipa huts which barely can be considered decent living structures on lands owned by the government, particularly by the National Irrigation Administration, as […]

For Catanduanes, Is it Quo Vadis, Abaca?

We are late posting in here the good news about abaca in the Bicol region where once again last year, the indigenous plant top-ranked production in the country. But it seems, whatever encouraging news the accompanying piece brought forward may just be a footnote to the aspirations of abaca farmers […]

Uptrend in Inflation Continues in Bicol Region

Annual inflation rate in the Bicol Region continued its uptrend in February gaining 0.3 percentage point over the January 2013 level. The year-on-year change came in at 3.4 percent, posting a five-month high in February primarily due to the double-digit spike in the prices of so-called sin products. The latest […]

Bicol Inflation Eases in October According to NSCB-Region V

NSCB-Legazpi city.– The Bicol region’s annual inflation rate declined in October, shedding off 0.4 percentage point from 3.5 percent the previous month, according to the official National Statistics Coordination Board-Region V. Based on basic data culled from the National Statistics Office, the year-on-year change was placed at 3.1 percent. This […]

What's Recommended

PH inflation dips to 3.7 percent in November 2014

MANILA, Dec. 6 — Lower food prices and cheaper local petroleum and electricity pulled down inflation rate to 3.7 percent in November, its lowest level this year, according to the National Economic and Development Authority. Inflation rate from January to November 2014 stood at 4.3 percent. “This further easing is […]

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Masbate farmers coop acquire rice processing center

PILI, Camarines Sur, -– The Narangasan multi-purpose cooperative based in the town of Milagros in Masbate province recently received a rice processing facility built by the agriculture department (DA). The building with an area of 300 square meters was completed at the cost of P56 million equipped with a multi-pass […]

Pan De Sal Continue to Shrink in Size and Increase in Price

The staple breakfast bun of Philippine pan de sal we often see on the table courtesy of our friendly baker continue its saga of evolution in price, size and weight. The bakery either diminish the size of the Filipino favorite bread, decreasing its weight, or increase its selling price, two options both of which are not favorable to the consumers at all.

Mayon disaster tourism has positive side

Even with the impending eruption of Mayon volcano, there are tell tale signs that disaster tourism has positive economic benefits to the province of Albay and Legazpi city. The national government thru its various national agencies are pouring millions of pesos as ready funds to finance expenditures and purchases of […]

Bicol Hit By High Rate of Underemployment in July

Bicol has the highest underemployment rate among the regions in the country, according to the latest survey conducted by the National Statistics Office. About 33.5 per cent of workers or employees express the desire to have additional hours of work in their present job or to have additional job, or […]

Bicol is 7th Poorest Among Geographic Regions of the Philippines

The latest info-statistic release by the National Statistics Coordination Board should not surprise us at all. With a poverty incidence of 34.1 percent during the first six months of 2012, Bicol is the seventh poorest region in the Philippines, based on the latest study of the agency which is releasing […]

What's Throwback

BPO: PH Employees Receive Low Salaries

Despite the supposed high salaries of Filipino call center agents, they could only out-earn their American counterparts by 2037, based on a Watson-Wyatt study released last year and published by the CCAP magazine “Connect”. At that time, the salary rate hikes for the “low-cost but qualified labor” of Filipinos were rising at 9-percent on average versus 3-percent in the US.

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PH looking at additional 1.3-MT rice imports

The Philippines has no bragging right about rice self sufficiency anytime now until some time next year. The government is looking to import an additional 300,000 metric tons (MT) of rice, bringing total rice shipments to 1.8 million MT during the first half of 2016, to ensure enough supply and […]

Why Fuentebella’s Partido Development Administration got the axe

Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]

Pan De Sal Continue to Shrink in Size and Increase in Price

The staple breakfast bun of Philippine pan de sal we often see on the table courtesy of our friendly baker continue its saga of evolution in price, size and weight. The bakery either diminish the size of the Filipino favorite bread, decreasing its weight, or increase its selling price, two options both of which are not favorable to the consumers at all.