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Petty crime, which includes pick-pocketing, is a problem in the Philippines. It takes place usually in locations with many people, ranging from shopping hubs to churches. Traveling alone to withdraw cash after dark is a risk, especially for foreigners. [7] [better source needed]
Since production was practically destroyed people engaged in the buy-and-sell business. [13] To encourage this, the Japanese created the so-called "Mickey Mouse" Money as their currency for the occupied Philippines and this caused inflation. An effect of this inflation was that prices rose to astronomical levels.
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
The September inflation rate, which was above the 6.7% forecast in a Reuters poll, was driven mainly by high food and utility prices and brought the average rate in the nine months to September to ...
The Philippines suffered from widespread corruption, [1] which developed during the Spanish colonial period. [2] [3] According to GAN Integrity's Philippines Corruption Report updated May 2020, the Philippines suffers from many incidents of corruption and crime in many aspects of civic life and in various sectors.
Even core inflation is down in the dumps with a 0.2% rise which is the softest print since August 2021." Eugenio Aleman, chief economist at Raymond James, added: "June’s CPI report was better ...
A day after the 2016 presidential election, presidential forerunner Duterte said, "I will be a dictator [...] but only against forces of evil – criminality, drugs and corruption in government", and vowed that if he failed to fulfill his promise to end crime, corruption, and drugs within the first six months of his term, he would step down from the presidency. [10]
Inflation, crime and immigration are entrenched as voters’ top concerns heading into next month’s midterm elections, according to a new Harvard CAPS-Harris Poll survey released exclusively to ...