Inflation rose year on year in September from 3.1 percent last year to 3.4 percent this year due to higher price increases of selected food and non-food items as a result of higher electricity charges and prices of domestic petroleum products like LPG, kerosene, gasoline and diesel. 

Food inflation rose due to higher prices of rice, meat and fruits while year on year inflation of sugar, jam and honey remained negative for the sixth consecutive time in September. 

Bangko Sentral Gov. Nestor Espenilla said the latest inflation reading remains in line with the BSP’s assessment of manageable inflation with average inflation expected to stay within the range of 2-4 percent for 2017-2019.

Read more: September inflation rises to 3.4%

How to avoid making investments mistakes

By Rose de la Cruz 

Most universal banks and insurance companies offer a portfolio of investments for those with extra cash to put their money in and assure them of better-than-savings interest rates. It is so easy to be lured into such investments, especially when they offer rates that are far beyond your wildest imaginations. Be wary. 

Security Bank has issued a check list of six common investment mistakes and how to avoid them. 

Investing the wrong way could erase your potential earnings, no matter how early you start. It happens more often than you think. Judgment calls…

Read more: How to avoid making investments mistakes

Economics of a Drug Habit versus Habit #1

THE drug business is a Five Hundred Million Dollar business.  With the recent slide of the Philippine peso, it now has a new top line of Four Hundred and Fifty Million Dollars. 

If the dollar gets worse, you would assume the investment value is not worthy enough to risk life and freedom. Remember that most commodities internationally are dealt in dollars. 

The drug dealer probably imports much of their core raw supplies from China. They are also on the other side of a 9% loss, so it is inconceivable that to allow such crazy math to base on…

Read more: Economics of a Drug Habit versus Habit #1

BSP tightens noose on financial institutions

TO ENSURE against bank failures due to mismanagement or flawed board decisions, the Monetary Board, policy making body of the Bangko Sentral ng Pilipinas has issued guidelines tightening corporate governance of financial institutions. 

 

New Policy Guidelines

The new policy guidelines is anchored on the fact that good governance must come from the top and the guidelines also enhanced the composition of the board so that it would have a good collective mix of individuals with the expertise and competence to effectively manage the financial institution.

This includes non-executive directors, who shall include independent directors, to comprise majority of…

Read more: BSP tightens noose on financial institutions

Is Duterte the reason for the Philippines economic success?

FROM an economic position, it is hard to state whether President Duterte is the reason or not for the continued stimulus of 6% GDP growth. 

Capital Economics website estimated that the economy grew around 6.5 percent year-over-year in the second quarter. If sustained we will be leading the rest of South East Asia. 

 

Hot Money

What is fair to say about his involvement?  The first hint is the amount of Hot Money coming back to the Philippines.  

Yes, when President Duterte took office, hot money was at a deficit. More investments were being liquidated than…

Read more: Is Duterte the reason for the Philippines economic success?

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