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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

Senate approves bill lifting rice import limits

MANILA, Philippines – Voting 14-0, the Senate approved on Wednesday, November 14, the bill seeking to lift restrictions on rice importation to help address the country's soaring inflation . Senate Bill No. 1998 or the rice tariffication bill seeks to amend Republic Act (RA) No. 8178 or the Agricultural Tariffication Act ........»»

Category: newsSource:  rapplerRelated NewsNov 15th, 2018

BSP to do ‘hawkish pause’ on interest rate increases on Thursday — analyst

The Philippines’ inflation fighters will likely do a “hawkish pause” on policy tightening at their next rate-setting meeting, as they face a tough balancing act of reining in soaring prices without hurting the economy......»»

Category: financeSource:  philstarRelated NewsNov 13th, 2018

Analysts’ October Inflation Rate, Q3 GDP Growth Estimates

GROSS DOMESTIC PRODUCT growth likely picked up a bit last quarter compared to the three months to June despite faster inflation, which could have sustained its pace in October, according to a poll of 15 analysts which BusinessWorld conducted late last week. Read the full story......»»

Category: financeSource:  bworldonlineRelated NewsNov 4th, 2018

Poll bares mixed GDP, inflation outlooks

GROSS DOMESTIC PRODUCT growth likely picked up a bit last quarter compared to the three months to June despite faster inflation, which could have sustained its pace in October, according to a poll of 15 analysts which BusinessWorld conducted late last week......»»

Category: financeSource:  bworldonlineRelated NewsNov 4th, 2018

Economic surveillance group maintains expectation of ‘robust’ Philippine growth amid risks

PHILIPPINE economic growth prospects remain strong despite inflation challenges and external headwinds, the ASEAN+3 Macroeconomic Research Office (AMRO) said in a statement late Tuesday that showed projections were maintained from a previous report......»»

Category: financeSource:  bworldonlineRelated NewsOct 31st, 2018

With Messi out, Suarez takes leadership role for Barcelona

By Joseph Wilson, Associated Press BARCELONA, Spain (AP) — Even though it ended up a blowout, there was a moment in Barcelona's 5-1 win over Real Madrid on Sunday when the result seemed in the balance. Madrid had just pulled a goal back after overcoming the control Barcelona had imposed to take a 2-0 lead into halftime, and the hosts didn't have Lionel Messi to come to the rescue. That was when Luis Suarez stepped up to add two more goals to his first-half penalty to complete a hat trick that has placed Madrid coach Julen Lopetegui's job in serious peril. "Almost every season I score against Madrid," Suarez said. "They came out of the restart going for the match. They pressured us a lot and had chances to draw level. We scored the third goal and took advantage of our speed and the open space to wrap it up." His second goal was a superb header, as he powered a soft lob from Sergi Roberto past goalkeeper Thibaut Courtois. That goal came when his teammates were under pressure after Marcelo had scored and Luka Modric hit the post. Suarez also showed quality marksmanship on his penalty, driving it just inside the post and the diving Courtois, as well as fine finishing to chip in his third goal. "He scored three goals today, but the work of Luis is always there," Barcelona coach Ernesto Valverde said. As work goes, Suarez multitasks. The Uruguayan bumps and battles with opposing defenders, makes runs to free up teammates, offers an outlet up front, and helps form part of Barcelona's intricate passing attack. Suarez dedicated his first goal to his family by lifting his shirt up to reveal a T-shirt with a image of this three children on it. "This week my third child was born and her siblings wanted to come with me today, since mommy and Lauti are watching from home," Suarez said. The 31-year-old Suarez has scored nine times in 11 matches against Madrid since joining the Spanish champions after he left Liverpool following his biting of an Italy defender in the 2014 World Cup. Since then, Suarez has been on his best behavior, and become one of the club's veteran leaders. Suarez scored the winner in a 2-1 victory over Madrid that helped Barcelona secure the league title late in the 2014-15 season. The next season he scored twice in a 4-0 win at the Santiago Bernabeu that Messi also missed. He netted in a 1-1 draw with Madrid in 2016-17, and also in a 3-0 win at Madrid and a 2-2 draw at home last season. But the Uruguay striker has been especially important recently with Messi on the sidelines. Since Messi broke his arm in the first half against Sevilla on Oct. 20, Barcelona has outscored its opponents 9-3, including four goals by Suarez. Messi went down while Barcelona was leading Sevilla 2-0. Suarez immediately stepped up by scoring a third goal in an eventual 4-2 victory. He set the tone against Inter Milan in the Champions League last week, assisting Rafinha for the opening goal of a 2-0 win. But Suarez had saved his best for Sunday night, when he fueled a lopsided win that Barcelona's fans will savor. THE RIGHT MOVES Madrid's comeback attempt was triggered by Lopetegui sending on Lucas Vazquez as a right back at the start of the second half. Lethargic until then, Madrid surged forward in waves and Vazquez helped start the move that led to Marcelo's goal. Valverde then made three moves that all contributed directly to goals by catching Madrid off-balance in defense. Valverde swapped Rafinha for right back Nelson Semedo, which allowed him to move Roberto into attack. The versatile Roberto created three scoring chances for Suarez. Valverde also sent on forward Ousmane Dembele and midfielder Arturo Vidal. Dembele dribbled free in the area and crossed for Vidal to head in the fifth goal to complete Madrid's humiliation. "I thought we needed players who could use their speed because we no longer had the control we had in the first half," Valverde said. "The back-and-forth was risky. Sergi helped us get out on the attack.".....»»

Category: sportsSource:  abscbnRelated NewsOct 29th, 2018

Adamson weathers late-game UP rally

      MANILA, Philippines – No heartbreaking game-winner needed, but Adamson still had to endure a bit of a scare.  The Adamson Soaring Falcons held off the UP Fighting Maroons' blistering late run, 80-72, to clinch their eighth win in the UAAP Season 81 men's basketball tournament at the FilOil Flying V Centre ........»»

Category: newsSource:  rapplerRelated NewsOct 28th, 2018

Auto industry seen to post 1st annual drop in 7 years

VEHICLE sales are expected to drop by 10-15% for the full year, as demand continues to be dampened by higher excise taxes, soaring inflation, and rising fuel prices......»»

Category: financeSource:  bworldonlineRelated NewsOct 24th, 2018

Cooling down Philippine inflation comes at a cost — report

Soaring prices in the Philippines continue to crush Filipino families’ budgets, and bringing down rising inflation may come at a cost to the national government’s balance sheet and the economy’s other main line of defense, the current account buffer......»»

Category: newsSource:  philstarRelated NewsOct 19th, 2018

Palace: Fare hike ‘just temporary’ amid inflation

THE provisional increases in minimum fare for both public utility jeepneys (PUJ) and buses are “just temporary,” Malacañang assured the public on Thursday, amid the country’s soaring inflation. In a...READ MORE The post Palace: Fare hike ‘just temporary’ amid inflation appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 18th, 2018

Philippines cuts 2018 GDP growth goal, raises inflation targets

MANILA — The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices curb expansion in one of Asia’s fastest growing economies. The economy grew 6.0 percent in the second quarter, the slowest in almost three years, raising the challenge […] The post Philippines cuts 2018 GDP growth goal, raises inflation targets appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 16th, 2018

Fuel excise tax, 'PHVote, Meghan Markle | Evening wRap

  Today on Rappler: President Rodrigo Duterte will suspend the second round of higher excise tax on fuel under the Train Law, in response to soaring inflation. Former interior secretary Mar Roxas will be running for senator in the 2019 elections. The Binay vs Binay battle for Makati City mayor is on. Reelectionists and neophytes flock to Comelec ........»»

Category: newsSource:  rapplerRelated NewsOct 15th, 2018

Duterte to suspend fuel tax increase under TRAIN law

MANILA, Philippines (3rd UPDATE) – President Rodrigo Duterte will suspend the second round of higher excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) law, in response to soaring inflation. In a statement on Sunday, October 14, Finance Secretary Carlos Dominguez III said the P2 per liter ........»»

Category: newsSource:  rapplerRelated NewsOct 14th, 2018

Duterte: ‘Nothing gov’t can do vs soaring prices’

Saying he is also affected by inflation, President Duterte warned the public of more hardships because the government has no control over the soaring prices of fuel in the world market......»»

Category: newsSource:  philstarRelated NewsOct 13th, 2018

From the Front Page: Rice imports ‘unimpeded’, FDIs surged, Inflation peaked?

A fresh nine-year high leaves top officials conflicted over whether we’ve seen this year’s peak for inflation. President Duterte orders “unimpeded” rice imports to counter soaring prices on basic goods. And foreign direct investments more than double year-on-year in July. This and more in your weekly recap of BusinessWorld news, From the Front Page. By… link: From the Front Page: Rice imports ‘unimpeded’, FDIs surged, Inflation peaked?.....»»

Category: newsSource:  manilainformerRelated NewsOct 12th, 2018

Nestor A. Espenilla, Jr.: An icon of grit and perseverance

Since taking up office as the fourth Governor of the Bangko Sentral ng Pilipinas (BSP) on July 3 last year, Nestor A. Espenilla, Jr. has been kept busy by the times. With the central bank delivering on the recent news of its fourth interest rate hike this year to rein in the country’s soaring inflation […] The post Nestor A. Espenilla, Jr.: An icon of grit and perseverance appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 12th, 2018

Commentary: Focusing on long-term solutions to inflation

After almost two years of uninterrupted economic expansion above 6.5 percent, the economy produced a disappointing 6 percent growth during the second quarter.  Source link link: Commentary: Focusing on long-term solutions to inflation.....»»

Category: newsSource:  manilainformerRelated NewsOct 12th, 2018

‘Free-for-all’ rice importation OK’d

President Duterte has approved recommendations to liberalize rice importation in a bid to address the soaring prices of commodities that led to inflation of 6.7 percent last month......»»

Category: newsSource:  philstarRelated NewsOct 9th, 2018

Duterte approves ‘unimpeded’ rice imports to reduce inflation — Palace

AMID the soaring inflation in the country, President Rodrigo Duterte decided to “liberalize” the importation of rice to allow the “unimpeded” flow of staple in the market, Malacañang said on Tuesday. In a press conference, Palace spokesman Harry Roque Jr. said Duterte’s order removed restrictions in the importation of rice, which the government expects to [...] The post Duterte approves ‘unimpeded’ rice imports to reduce inflation — Palace appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 9th, 2018

Duterte under fire for Hong Kong trip as Filipinos reel from soaring inflation

Social media users hit President Rodrigo Duterte for going on an unannounced trip to Hong Kong with his family as Filipinos grapple with steep prices of commodities......»»

Category: newsSource:  philstarRelated NewsOct 8th, 2018