NEDA vows to address data gaps on UN SDG goals

The National Economic and Development Authority on Wednesday vowed to address data gaps in monitoring the Philippines' progress in achieving targets under the Sustainable Development Agenda of the United Nations. 

In his keynote address on Wednesday at the International Conference on Sustainable Development Goals Statistics in Makati, Socioeconomic Planning Secretary Ernesto M. Pernia pointed out that while the Philippine Statistics Authority (PSA), a NEDA-attached agency, had released an initial list of Sustainable Development Goals (SDGs) indicators to be monitored, many have yet to be defined and collected. 

“In terms of monitoring and reporting, the Philippine government is still…

Read more: NEDA vows to address data gaps on UN SDG goals

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%

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

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

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