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.
World Day for Safety and Health at Work
“Safety and health at work every day!”
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 #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
