According to Presidential Adviser for Entrepreneurship Joey Salceda, there will be no price increase for daily commodities for the country’s raw materials are enough until next year.
“I’m confident that commodity prices will continue to be where it is today,” Salceda said in an interview with Bangon Pilipinas on PTV.
But despite the tension, they said they are hopeful that the Philippines will still be an eye for international investors. Analysts from Moody’s Analytics in Australia shared the same sentiments. They said that global economies may succumb to global recession if crude oil prices increase to more than $90 per barrel.
Telco newcomer Dito Telecommunity Corp. has appointed an industry veteran as its new CEO, banking on him to lead the company... The Federal Reserve is on track to tackle US inflation without pushing the country into a damaging recession, a senior official...
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