by ABS-CBN News, May 17 2018
MANILA – Inflation in the Philippines may hit 6 percent in August this year because of a number of factors, an economist at Standard Chartered said Thursday.
Chidu Narayanan, Standard Chartered economist for Asia, said inflation may average 5.2 percent in 2018 before sliding to 4.9 percent in 2019.
Higher government spending on infrastructure, the impact of the recent tax reforms, a weaker peso as well as the spike in the cost of crude oil on the world market are all contributing to higher inflation, Narayanan said in an interview with ANC’s Market Edge.
Because of this, Narayanan said the Bangko Sentral ng Pilipinas may again hike interest rates as early as June.
But Narayanan also said the Philippine economy is strong enough to shrug off higher interest rates.
“The BSP could hike [policy rates] comfortably without derailing growth,” he said.
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
