May 23, 2025

Tag: inflation

  • Ilocos Region Sees Inflation Rise to 2.9% in December 2024, Annual Average Drops to 2.1%

    In the Ilocos Region, inflation surged to 2.9% in December 2024, up from 1.8% the previous month, driven by increases in food and fuel costs. Despite the monthly rise, the region’s annual inflation average for 2024 fell to 2.1%, a significant decrease from the 5.1% recorded the year before, according to the Philippine Statistics Authority…

    Written by

    Thea Escobar

  • Inflation in Western Visayas Rises to 3.4% in December; Iloilo City Sees Sharpest Increase

    Inflation in the Western Visayas region edged up to 3.4% in December 2024, a slight increase from the 3.2% recorded in November, as reported by the Philippine Statistics Authority (PSA). The annual average inflation rate for the region in 2024 was 3.7%, surpassing the national average of 2.9%. Cherry Ann Gallego, a PSA Statistical Specialist,…

    Written by

    Rodel Jacinto

  • DSWD-Davao Allocates PHP1.6 Billion for AKAP Assistance in 2024

    In Davao City, the Department of Social Welfare and Development (DSWD) Region 11 announced on Tuesday that it has disbursed approximately PHP1.6 billion through the Ayuda para sa Kapos ang Kita Program (AKAP) throughout 2024. This initiative has supported 355,194 people in the region by offering medical, funeral, food, and cash assistance through various channels…

    Written by

    Bryan Farnacio

  • AKAP Program Exemplifies Transparency and Efficiency in Governance, Says House Leader

    In a commendable display of governance, the Ayuda sa Kapos ang Kita Program (AKAP) has been highlighted for its remarkable efficiency and transparency. On January 2, 2025, Elizaldy Co, the chairperson of the House Appropriations Committee, praised AKAP for achieving a 99.31 percent utilization rate of its PHP26.7 billion budget in 2024. The program, managed…

    Written by

    Janelle Sebastian

  • DSWD Secretary Clarifies AKAP Program: Not Pork Barrel, Social Workers Handle Beneficiary Selection

    MANILA – Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian has firmly stated that the Ayuda para sa Kapos ang Kita Program (AKAP) is not a ‘pork barrel’ scheme. He emphasized that the program’s beneficiaries are not selected by barangay officials, contrary to claims made by former Supreme Court Senior Associate Justice Antonio…

    Written by

    Alfredo Ramos

  • Tingog Party-List Advocates for Economic Boost Through AKAP Cash Aid

    In Tacloban City, the Tingog Party-list’s Deputy Majority Leader, Rep. Jude Acidre, emphasized the potential economic benefits of the Ayuda para sa Kapos ang Kita Program (AKAP). The program, which involves distributing cash to ‘near poor’ families, is seen as a vital tool to stimulate the Philippine economy amidst soaring inflation rates. Acidre highlighted that…

    Written by

    Laarni Hilario

  • House Considers One-Year Pause on PhilHealth Contributions Amid Financial Review

    In a move aimed at easing the financial burden on Filipinos, the House of Representatives is contemplating a one-year suspension of premium contributions to the Philippine Health Insurance Corporation (PhilHealth). This announcement was made by Speaker Martin Romualdez during a speech before the congressional Christmas break. The decision hinges on the findings of an ongoing…

    Written by

    Brian Corpuz

  • Inflation in Western Visayas Drops to 3.2% in November

    In a recent announcement, the Philippine Statistics Authority in Western Visayas (PSA-VI) revealed that the region’s inflation rate decreased to 3.2% in November, down from 3.9% in October. This news was shared during a press conference held on Friday, December 13, 2024, by PSA-VI Officer-in-Charge Nelida Amolar. The primary factor contributing to this decline was…

    Written by

    Erwin Magbanua

  • Ilocos Norte Enhances Local Skills, Technology, and Infrastructure to Maintain Economic Growth

    LAOAG CITY – In an effort to sustain its economic momentum and remain the leading province in its region, the Ilocos Norte provincial government is intensifying efforts to bolster local capabilities, technology, and infrastructure. This comes even as the province experienced a minor dip in its gross domestic product (GDP) from 8.7 percent in the…

    Written by

    Janelle Sebastian

  • Bacolod City and Negros Occidental See Inflation Rates Decline in November

    In a recent report from the Philippine Statistics Authority (PSA), it was revealed that inflation rates in Bacolod City and Negros Occidental have decreased in November. Bacolod City experienced a reduction in its inflation rate to 2.7 percent from 3.2 percent the previous month, while Negros Occidental saw its rate fall to 3 percent from…

    Written by

    Oliver DelaCruz