Slower price hikes for food, alcoholic products cause inflation to ease in July

 

By Rose de la Cruz

 

Slower price hikes for food and alcoholic products caused inflation to ease further in July to 2.4 percent, its slowest since December 2016’s 2.2 percent and was the same for July 2017.

 

Headline inflation for July 2019 hit only 2.4 percent year- on- year from 2.7 percent in June. The resulting year-to-date average inflation rate of 3.3 percent remains within the government’s target range of 3 percent ± 1 percentage point for the year.

 

Core inflation, which excludes selected volatile food and energy items to measure…

Read more: Slower price hikes for food, alcoholic products cause inflation to ease in July

Personal devices pose risks at work

 

 

By Rose de la Cruz

 

The policy of some companies allowing employees to use their personal devices at work—from business calls made on personal phones to corporate network connections on home laptops, pose risks for the company.

 

Such practice is generally beneficial, however, especially in small companies: The employee is already familiar with the device, and the company saves money. The downside, however, is that the practice creates additional cyber risks for the business.

 

Personal devices at work — the new normal under the organization’s Bring Your Own Device (BYOD) policy-- has been steadily rising…

Read more: Personal devices pose risks at work

 MB okays $7.355-B funding for 2018 devt. Projects/programs

 

MB oks $7.355-B funding for 2018 devt. Projects/programs

 

The Monetary Board (MB) approved public sector loans in 2018 amounting to $7.355 billion, up 111 percent or by $3.869 billion over 2017 level of $3.486 billion, as the National Government ramped up spending on infrastructure development. These public sector loans consisted of: (a) US$3.602 billion bonds; b) 12 project loans amounting to $2.853 billion and (c) three (3) program loans amounting to $900 million. 

These public sector borrowings will fund projects on transport connectivity (roads, railways, port and airport infrastructure), irrigation and agriculture development,…

Read more: MB okays $7.355-B funding for 2018 devt. Projects/programs

SAS eyes expanded role in the Philippines

 

 

By Rose de la Cruz

 

Apart from 28 years of assisting big banks and financial institutions with managing, securing and optimizing their big (business) data for all its stakeholders, SAS-- the global leader in business intelligence and data analytics-- is eyeing an expanded role in the Philippines by way of assisting local governments and their leaders how to make good on their plans and programs for their jurisdictions using available data in their actual environments.

 

At a press conference held Tuesday at the sidelines of the SAS’ business forum at Makati Shangrila, company officials from here…

Read more: SAS eyes expanded role in the Philippines

NEDA asks farmers to plant special rice varieties

 

By Rose de la Cruz

 

The National Economic and Development Authority (NEDA) is encouraging farmers to increase their production of special varieties of rice to respond to the increasing demand in the international market now that restrictions on exports have been repealed.

 

NEDA reminded rice farmers and traders that the recent rice law, or Republic Act 11203, not only replaced the quantitative restrictions on rice imports with tariff, but it also repealed all laws, rules, regulations, guidelines and other issuances imposing quantitative export quotas on rice exports.

 

“We encourage producers of special varieties of rice, such as heirloom,…

Read more: NEDA asks farmers to plant special rice varieties

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