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Better late than never? Gov t offers solutions for soaring inflation

During President Rodrigo Duterte’s “tete-a-tete” with his Chief Presidential Legal Counsel last Tuesday, he conceded that inflation is high but that his economic managers are “working on it”. .....»»

Category: newsSource: philstar philstarSep 14th, 2018

Duterte blames oil prices for high inflation

The rising prices of fuel, which reached as high as P57 per liter this week, is to blame for soaring inflation, according to President Duterte......»»

Category: newsSource:  philstarRelated NewsSep 22nd, 2018

UAAP: Adamson dispatches UE for 2-0 start to season

On the back of a career performance from Sean Manganti, Adamson University has scored back-to-back convincing victories to begin the UAAP 81 Men’s Basketball Tournament. Manganti registered a career-high 27 points and Jerrick Ahanmisi remained red-hot as the Soaring Falcons made quick work of University of the East, 90-76, on Wednesday at the MOA Arena. Coming off a big-time upset of defending champion Ateneo de Manila University to start the season, Adamson only built on its momentum from there to march forward to the solo lead in the standings at 2-0. Still, the Red Warriors were putting up a fight at the onset and behind Alvin Pasaol, even had the lead, 28-25, at the midway mark of the second. It was at that point, however, that the Soaring Falcons scored 17 unanswered points punctuated by Ahanmisi’s triple for a 42-28 advantage in their favor late in the quarter. They would not be threatened the rest of the way as Manganti waxed hot in the second half, firing 14 in the third and then eight in the fourth periods. “They’re accepting their respective roles as leaders. I mentioned to them that the young guys will follow them if they play well,” head coach Franz Pumaren said. Ahanmisi was right there with him, dropping 17 points while Papi Sarr also posted a 15-point, 21-rebound double-double to make sure Adamson remained spotless through two games. This is the first time since 2003 that the Soaring Falcons have started the season with back-to-back wins. On the other hand, UE fell for the second straight time despite the best efforts of Alvin Pasaol who gave his all with 36 points in 14-of-33 shooting on top of 11 rebounds and two assists. BOX SCORES ADAMSON 90 – Manganti 27, Ahanmisi 17, Sarr 15, Camacho 8, Espeleta 8, Lastimosa 5, Colonia 4, Bernardo 2, Catapusan 2, Mojica 2, V. Magbuhos 0, Zaldivar 0. UE 76 – Pasaol 36, Strait 10, Bartolome 7, Beltran 7, Varilla 7, Cullar 6, Manalang 3, Acuno 0, Antiporda 0, Conner 0, Gagate 0, Sobrevega 0. QUARTER SCORES: 23-18, 42-32, 67-52, 90-76. --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsSep 19th, 2018

Duterte and Panelo’s têtê-a-têtê falls short of expectations

President Rodrigo Duterte’s ‘national address’ that was done through a têtê-a-têtê has left some people dissatisfied since he failed to share concrete solutions for the country’s problems such as the high inflation rate which is affecting the prices of basic commodities. While he talked about various topics with Chief Presidential Legal Counsel Salvador Panelo, Duterte repeatedly […].....»»

Category: newsSource:  interaksyonRelated NewsSep 12th, 2018

Robredo to Duterte: Prioritize solving economic woes

Vice President Leni Robredo on Wednesday lamented that President Rodrigo Duterte's public address was a "lost opportunity." She said the President should have proposed "concrete" solutions to pressing issues such as the rising inflation and the rice supply woes. "Kahapon noong humarap iyong ating Pangulo, iyong inaasahan sana natin pagharap na pagtanggap na may problema, pagsasabi na ganito iyong gagawin. Kapag hindi kasi nagpapakita ng kontrol iyong pamahalaan, iyong pagkabahala ng tao na lalong hihirap iyong buhay, talagang lalo pang tinutulak tayo sa mas matinding kahirapan," Robredo said in a statement on Wednesday. (When the President faced the nation, we expected him to admit...Keep on reading: Robredo to Duterte: Prioritize solving economic woes.....»»

Category: newsSource:  inquirerRelated NewsSep 12th, 2018

Duterte may issue EO to address inflation

MANILA, Philippines – President Rodrigo Duterte agreed to issue an executive order (EO) intended to address soaring inflation , Socioeconomic Planning Secretary Ernesto Pernia told ........»»

Category: newsSource:  rapplerRelated NewsSep 12th, 2018

Biz groups: Govt measures needed to tame inflation

SEVERAL business organizations on Tuesday urged the government to implement measures, including suspending tax increases on fuel and importing more rice and sugar, to manage the country’s soaring inflation, which one industry leader downplayed. In a press conference in Taguig City, Philippine Exporters Confederation Inc. (Philexport) President Sergio Ortiz-Luis said that while the higher-than-forecast 6.4-percent [...] The post Biz groups: Govt measures needed to tame inflation appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 11th, 2018

Interesting financial sector looms

It was a tough week for everyone in the market, even for players in the virtual stock trading challenge. The benchmark Philippine Stock Exchange Index (PSEi) fell to 7,598.64 with a big weekly loss of 257.07 points or 3.27 percent. Soaring inflation and volatile exchange rate were largely blamed for the market’s fall. Local and [...] The post Interesting financial sector looms appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 11th, 2018

Duterte blames Trump for

MANILA: President Rodrigo 'Rody' Duterte blamed US President Trump for the record-high inflation arising from unabated soaring prices of basic food items like rice, meat and vegetables an.....»»

Category: newsSource:  manilanewsRelated NewsSep 11th, 2018

Act together to fight inflation, says Duterte aide

MANILA: An administration lawmaker urged economic advisers of the Duterte administration to act together to fight inflation amid reports of soaring prices particularly of rice in which Metro Manila.....»»

Category: newsSource:  manilanewsRelated NewsSep 11th, 2018

Duterte blames Trump for inflation

MANILA: President Rodrigo 'Rody' Duterte blamed US President Trump for the record-high inflation arising from unabated soaring prices of basic food items like rice, meat and vegetables an.....»»

Category: newsSource:  manilanewsRelated NewsSep 11th, 2018

Workers urge Roque: Check market prices

Labor groups urged presidential spokesperson Harry Roque on Monday to go to market --- a nod to a nursery rhyme --- to get a sense of how Filipinos were hard-pressed in stretching their budgets amid soaring prices of basic commodities. They issued the challenge after Roque said on Friday that while the 6.4-percent inflation rate in August was higher than usual, "it's nothing to be worried about." The public may not find comfort in the Palace official's assurance as fuel prices have increased anew, a development that can thwart efforts to tame inflation. For the fifth week in a row, oil companies in the country increased pump prices. Prices of diesel, gasoline and kerosene we...Keep on reading: Workers urge Roque: Check market prices.....»»

Category: newsSource:  inquirerRelated NewsSep 11th, 2018

Duterte to address the nation on Sept. 11 – Palace

President Rodrigo Duterte will address the nation on Tuesday, the Palace said, amid issues hounding the government, including the soaring prices of food due to the quickening inflation and the revocation of Senator Antonio Trillanes IV’s amnesty. Source link link: Duterte to address the nation on Sept. 11 – Palace.....»»

Category: newsSource:  manilainformerRelated NewsSep 10th, 2018

Soaring inflation, weakening peso worrying investors

MILAN – Soaring inflation and a volatile exchange rate in the Philippines are starting to rattle foreign investors, a top official of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) said......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2018

Duterte: We re trying to control inflation

MANILA, Philippines – President Rodrigo Duterte gave his assurances that his government is trying to tame soaring inflation . "I'm not apologizing. There is really inflation in the Philippines and we’re trying to control it," he told Filipinos in Jordan on Friday, September 7. Earlier that ........»»

Category: newsSource:  rapplerRelated NewsSep 8th, 2018

Economic managers pressure Piñol to curb soaring inflation

MANILA, Philippines – President Rodrigo Duterte's economic managers pointed to the agriculture sector's problems as the reason for inflation hitting another 9-year high of 6.4% in August . Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr attributed the spike to food supply shocks and rice. Rice inflation in August soared to 7.1% ........»»

Category: newsSource:  rapplerRelated NewsSep 5th, 2018

Duterte admin ‘doing what it can’ to address inflation, says Arroyo

MANILA, Philippines – Speaker Gloria Macapagal Arroyo trusts the administration of President Rodrigo Duterte will be able to address the soaring inflation, which climbed to a 9-year high of 6.4% in August.  The former president turned Pampanga 2nd District representative was asked on Wednesday, September 5 if she finds the 6.4% inflation ........»»

Category: newsSource:  rapplerRelated NewsSep 5th, 2018

Gatchalian: 6.4% inflation rate cause for alarm

Senator Sherwin "Win" Gatchalian has warned that the increasing inflation rates, recorded at 6.4 percent for August, would severely impact poor Filipino families, especially as majority of the goods with surging prices are food products.   "The 6.4 percent inflation rate recorded in August -- a nine-year high -- is cause for alarm because of its potentially grave impact on poor and underprivileged Filipinos," Gatchalian, chair of the Senate Committee on economic affairs, said in a statement on Wednesday.   "Once again, food inflation is the main culprit, with food prices soaring at a rate of 8.5% over the past month. This poses a serious threat to the food secur...Keep on reading: Gatchalian: 6.4% inflation rate cause for alarm.....»»

Category: newsSource:  inquirerRelated NewsSep 5th, 2018

Inflation expected to jump even higher in August 2018

MANILA, Philippines – Government agencies and various investment houses expected inflation , or the movement of prices of goods, to jump even higher in August. The Department of Finance (DOF) announced on Monday, September 3, that they projected inflation to settle at 5.9%. (READ:  Who's to blame for soaring inflation? 'All of them' in gov't, says economist ) Alcoholic beverages and tobacco ........»»

Category: newsSource:  rapplerRelated NewsSep 3rd, 2018

Sen. Bam: Solve real problems like inflation, time is wasted on fake allegations

August 24, 2018. Sen. Bam Aquino said he would rather work on solutions to real problems of Filipinos instead of waste time on fake news and baseless accusations against opposition leader, Vice President Leni Robredo, and her hometown, Naga City. “Bakit pa tayo mag-aaksaya ng panahon sa mga pekeng balita? Ang… Source link link: Sen. Bam: Solve real problems like inflation, time is wasted on fake allegations.....»»

Category: newsSource:  manilainformerRelated NewsAug 25th, 2018

ASIAN GAMES: Wushu s Divine Wally earns Philippines fifth bronze

JAKARTA — Divine Wally salvaged a bronze from wushu’s women’s -52 kgs of sanda late Wednesday night to prevent what could have been a first medal-less day for the Philippines in the 18th Asian Games. A day after the entire country celebrated Hidilyn Diaz’s success in weightlifting, no other Filipino athlete from the 272-member delegation came so close to winning another gold medal with China bagged its 35th gold medal to widen its gap over second running Japan with 18 golds and Japan with 10. The one-gold and five-bronze haul put the Philippines at No. 16 on the medal tally board—behind Southeast Asian rivals No. 4 Indonesia (six golds) and No. 8 Thailand (four golds) and ahead of No. 17 Singapore (one gold and two silvers), No. 20 Vietnam (three silvers and six bronzes) and No. 23 Myanmar (two bronzes). The veteran internationalist Wally lost to a taller and more aggressive Samiroumi Elaheh Mansoryan of Iran, 1-2, in their quarterfinal match to settle for the bronze at the Jakarta International Expo. The five-foot flat Wally tried her best to connect with her strikes, but the 5-foot-6 two-time world champion Mansoryan evaded them, while connecting on her attacks to advance to the championship round on Thursday and possibly finally win the gold that eluded her in Incheon 2014, where she was a silver medalist. Mansoryan, the world champion in Kuala Lumpur (2013) and Kazan, Russia (2017), will dispute the gold with China’s Li Yueyao at 10 a.m. Also the Asian champion in 2016 in the 56kg class, Mansoryan was simply too much against Wally as she aggressively dominated the Filipina in the final two rounds after trailing the first, 0-1. The 24-year-old Wally, though, improved on her fifth-place finish in the Asian Games as she contributed to the Philippines’ medal haul with its fifth bronze and the second from wushu, counting Agatha Wong’s own medal in the women’s taolu. Wally, the 2016 48 kgs champion of the Asian Championships in Taoyuan, was assured of the bronze after beating Petriwi Selviah of Indonesia, 2-0. She earlier subdued Mimi Yoysaykham of Laos, 2-0. She took up the sport in 2013 at age 18. The Blu Girls, meanwhile, blanked Indonesia, 4-0, also on Wednesday to boost their chances for a podium finish in women’s softball at the Gelura Bung Karno diamond. Mary Ann Antolihao started for the Blu Girls, allowing only four hits and striking out Indonesians before turning over the pitching job to Royevel Palma who struck out four, as the Philippines took its fourth win in five outings. Indonesia virtually bowed out with no win to show after give games. The PH lady batters were coming off a disappointing 1-11 loss to the Japanese late Tuesday. The defending champions bombarded Pinay pitchers Mia Macapagal and Antolihao with 11 hits, nine of them coming at the top of the 4th inning for the abbreviated win. The Philippines has yet to beat the Japanese in their international matches. With the lone setback, the Blu Girls tied previous victim China at second place. The Blu Girls were to take on Chinese-Taipei at 9 p.m. (Philippine time), aiming for a victory that would assure them of a bronze medal in this seven-nation tournament. A win over the Taiwanese would put the Filipinas at no. 2 position after the round-robin elimination and assured them of a bronze medal via the page-system semifinal. The top four teams will advance to a page system semifinal to determine the protagonists for the gold medal. Japan, which blanked Korea earlier in the day is poised to top the chart with clean 5-0 card. In Palembang, top Philippine troika of Liza del Rosario, Lara Posadas and Alexis Sy were derailed by the morning lane conditions and could  muster only seventh place at the start of the bowling championships at the ultra-modern Jakabaring Sports City Bowling Center. Unable to find their lines and adjust in time with the use of the long-oil pattern in the first three games, the Filipina keglers pooled 4026, 300 pinfalls behind the sizzling Malaysian trio of Hamidi Afifah Badrul, Rahman Siti Abdul and Mei Lan Chea, who took the gold with combined tally of 4255. Chinese-Taipeh (4255) settled for silver while Singapore got bronze (4250) in a day of soaring scores with the new scoring system in play, exemplified by Malaysian Badrul’s eye-popping six-game average of 242.83, and with teammates Abdul (238.33) and Cheah just as hot (239.83). The other triumvirate of Maria Lourdes Arles, Rachelle Leon and Dyan Coronacion placed 10th with a combined output of 3923......»»

Category: sportsSource:  abscbnRelated NewsAug 22nd, 2018