METRO MANILA – Year-on-year headline inflation rose significantly to 4.2 per cent in January, which was higher than the 3.5 per cent December and was above the Bangko Sentral ng Pilipinas (BSP)’s monthly forecast of 3.3-4.1 per cent for the month. Core inflation, which excludes selected volatile food and energy items to depict underlying demand-side price pressures, edged higher to 3.4 per cent in January from 3.3 per cent in the previous month. On a month-on-month seasonally-adjusted basis, inflation increased slightly to 0.9 per cent in January from 0.8 percent in December. The central bank attributed the higher inflation outturn…
Author: Beth Laguna-Sy
The Hotel Sales and Marketing Association (HSMA) has urged the government to at least allow the holding of regulated meetings, convention, and events under the general community quarantine (GCQ) to help the tourism industry survive amid the COVID-19 pandemic. At a recent virtual meeting with the Department of Tourism (DOT) and the Tourism Congress of the Philippines, the HSMA asked the government to allow regulated meetings and some social events under GCQ to keep the industry afloat. “Those present in the meeting discussed the hotel’s position to be allowed to accept MICE (meetings, incentives, conferences, exhibitions)+socials under GCQ (general community…
NEGROS ORIENTAL – A lone bettor from Bacong, Negros Oriental won the 6/45 Mega Lotto jackpot prize of P12.3 million on Friday’s lottery draw, according to the Philippine Charity Sweepstakes Office (PCSO). PCSO general manager Royina Garma said the winner bagged the P12,365,695.20 jackpot prize of the Mega Lotto Draw by guessing the correct winning combination – 18-19-04-13-29-06. Garma said 52 bettors who guessed five out of the six-digit winning combination — 18-19-04-13-29-06 — won second prize and will receive PHP32,000 each. The Mega Lotto 6/45 draw is held every Monday, Wednesday, and Friday. The bettor is advised to present…
AllHome, the country’s pioneering one-stop full-line home center, continues to expand its store network as it marks the opening of its 4th branch in Mindanao. The listed company has three other branches in Mindanao, located in Cagayan de Oro, Butuan City, and Koronadal City. The launch of this large free-standing store in General Santos increases the store network of AllHome to 51 locations spread across 30 cities and municipalities nationwide. This is AllHome’s 14th large free-standing format store, while large mall-based stores and small specialty format stores number at 22 and 15, respectively. Bolstering its presence in southern Philippines with…