November inflation eases to 3.3%

 

By Rose de la Cruz

 

Headline inflation, year on year, eased slightly to 3.3 percent in November, from 3.5 percent the previous month, in pace with the Bangko Sentral ng Pilipinas’ forecast.

This brought the year to date average inflation to 3.2 percent which is within the government’s target.

Meanwhile, core inflation-which excludes certain volatile food and energy items to depict underlying price pressures-rose slightly to 3.3 percent in November compared to 3.2 percent in the previous month.

Month-on-month based on seasonal adjustments,   headline inflation was steady at 0.3 percent in November.…

Read more: November inflation eases to 3.3%

DBM bags FOI award

 By Rose de la Cruz

 

The Department of Budget and Management was the sole agency that bagged the Freedom of Information annual award for its outstanding commitment in ensuring transparency in public service.

 

Budget Secretary Benjamin Diokno, along with Undersecretary Lilia Guillermo, received the award for the agency during the recognition ceremony held at the Rizal Park Hotel last December 4.

 

Leading the awarding ceremony was Executive Secretary Salvador Medialdea, Secretary Martin Andanar and Assistant Secretary Kristian Ablan of the Presidential Communications Operations Office (PCOO, Rep. Bernadette Herrera-Dy of Bagong Henerasyon Party List, who presented the awards to the recognized…

Read more: DBM bags FOI award

Business Confidence Rises to 43.3%  in Q4 2017

By Rose de la Cruz

Business confidence rose to 43.3 percent in the last quarter of 2017, from 37.9 percent in the preceding quarter because of expectations for increased consumer purchases due to the Christmas holidays and business expansions.

Business also generally observed a favorable macroeconomic condition in the country particularly the manageable inflation and low interest rates and expansion of export markets and stronger demand for Philippine-made products.

This quarter's confidence level is also higher compared to Its year-ago level. The confidence Index Is computed as the percentage of firms that answered in the affirmative less the…

Read more: Business Confidence Rises to 43.3% in Q4 2017

Chem Expo ends positively for the Philippines

 

By Rose de la Cruz

The three-day Chem Expo, the first time it was held in the country, ended today with so much benefits for Filipino chemical manufacturers, whose markets have largely been confined locally but with potentials of expanding substantially provided they partner with global chemical players.

And with the big players attending the just-concluded Chem Expo 2017 at the World Trade Center, Filipino chemical manufacturers were able to get introduced to their global peers with possible tie-ups and partnerships that would dramatically impact on the Philippine chemical sector.

As Henry Lee, president of events organizer (IMS International or…

Read more: Chem Expo ends positively for the Philippines

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