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The retail price of sugar itself has also increased. [ 13 ] Due to the sugar shortage, soda manufacturers Coca-Cola Beverages Philippines , Pepsi-Cola Products Philippines , and ARC Refreshments Corporation released a joint statement on August 16, 2022, that they are experiencing a supply shortage of refined sugar or bottlers' grade sugar. [ 14 ]
They can also receive funds from public charities for specific issues. The COLAs are made at most annually and are calculated based on the value of the CPI-W in the third quarter of the year (averaging the values from July, August, and September). COLAs can only increase benefits, so in deflationary years when the CPI-W drops there is no COLA. [6]
The most direct and obvious effect of the new COLA is the increase in monthly benefits. If your monthly Social Security benefit is $1,000 this year, it will be $1,025 starting in January 2025. If ...
Social Security beneficiaries can expect a much lower cost-of-living adjustment (COLA) in 2024 than they got this year as easing inflation has lessened the need for the kind of historically high ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
Social Security beneficiaries will soon see a big increase in their 2023 payments thanks to a record-high cost of living adjustment (COLA) -- one that increases amounts paid out by 8.7%, starting ...
The group’s latest COLA estimate is well below earlier estimates this year — estimates that projected a Social Security increase as high as 10.5% in 2023. However, even an increase of 8.7% ...
The Philippine Statistics Authority (Filipino: Pangasiwaan ng Estadistika ng Pilipinas; PSA) is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and general affairs of the people of the Philippines, as well as enforcing the civil registration functions in ...