The Bangko Sentral ng Pilipinas Department of Economic Research projects inflation in August 2018 to settle at around 5.9 percent, with a range of 5.5 – 6.2 percent.

The central forecast implies a slight deceleration of the month-on-month inflation. Higher price of rice and key food items due to weather disturbances and supply disruptions, increase in gasoline and LPG prices, and slight upward adjustment in electricity rates in Meralco-serviced areas contributed to upward price pressures in August.

Meanwhile, lower diesel and kerosene prices as well as modestly appreciated peso could partly temper price pressures this month.

The BSP will remain watchful of economic and financial developments that could affect the inflation outlook and will closely monitor inflation expectations and emergence of further second-round effects ahead of the September 2018 Monetary Board policy meeting.

Read more: Inflation in August to settle at 5.9%

NEDA wants stronger push for exports

 

 

By Rose de la Cruz

 

 

The National Economic and Development Authority wants a stronger and more aggressive push for Philippine exports to help in continuing the country’s strong trade performance recorded in June 2018.

 

The Philippine Statistics Authority (PSA) reported that the country’s total trade grew by 13.5 percent, reaching $14.8 billion in June 2018, driven mainly by imports which grew by 24.2 percent, but tempered by the 0.1-percent decline in exports.

 

“Creating a broader market base for exports through effective trade facilitation and by effectively utilizing existing free trade…

Read more: NEDA wants stronger push for exports

Critical infrastructure: a role model to protect normal businesses?

 

 

By Andrey Suvorov, Head of Critical Infrastructure Protection at Kaspersky Lab

After many years of working with clients trying to protect their industrial systems - from oil refineries to railway systems - you learn one thing: critical infrastructure needs special attention. Like normal companies, industrial facilities depend on computers and software, but the range of solutions in use is very different from a typical office. You can find ten-year-old machines still working as though they are as good as new, and operators are not worried about the cost of replacement. Instead, they ask how much it costs to stop those…

Read more: Critical infrastructure: a role model to protect normal businesses?

Japan remains top ODA source

 

 

By Rose de la Cruz

 

Japan continues to be the main source of official development assistance of the Philippine government, where disbursements were reported to have improved with the implementing agencies’ better financial performance, the National Economic and Development Authority said.

 

NEDA’s 2017 Official Development Assistance (ODA) Portfolio Review Report showed that all indicators of the government’s absorptive capacity for ODA loans— disbursement level, disbursement rate, availment rate and disbursement ratio – showed improvement in 2017 as compared to 2016.

 

From $1.25 billion in 2016 the disbursement level of ODA loans, or the amount of actual…

Read more: Japan remains top ODA source

Draft Ph. Export Development Plan supports PDP2017-2022

 

 

By Rose de la Cruz

 

The National Economic and Development Authority said that the proposed Philippine export development plan (PEDP) to boost the country’s exports is intended to meet the targets contained in the Philippine Development Plan (PDP) 2017-2022.

 

The Economic Development Cluster (EDC) endorsed last Thursday the Philippine Export Development Plan (PEDP) 2018-2022 for the approval of President Rodrigo Duterte.

 

The PEDP 2018-2022 is a five-year roadmap aimed at improving exports performance and increasing the sector’s competitiveness.

 

“Our latest exports numbers (April 2018) have not been so good. All products showed negative growth…

Read more: Draft Ph. Export Development Plan supports PDP2017-2022

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