Analysts’ November 2022 inflation rate estimates

Source: BusinessWorld

Inflation might not have hit the upper end of the Bangko Sentral ng Pilipinas' (BSP) forecast for November but could still trend higher this month, an analyst said...
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The official student organization and publication of the University of the Philippines (UP) Diliman have endorsed their chancellor, Fidel Nemenzo, for the university presidency, saying he is the only qualified candidate who can protect the things UP holds dearest: academic freedom and democratic values...
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The surprise third quarter performance may not last long as sustaining a strong economic growth next year will be challenging for the Philippines as external headwinds mount...

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Senior Deputy Minority Leader Paul Daza on Sunday asked the leadership of the House of Representatives to slow down and further deliberate on the proposed creation of the Maharlika sovereign wealth fund...
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The Philippines and South Korea held wide-ranging naval cooperation talks, including submarine training programs, as Manila also ended planning sessions with Washington on their biggest army-level exercise next year, involving some 3,000 troops...

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Several foreign chambers have expressed support for calls for the government to include hybrid vehicles in the proposed executive order granting zero tariffs on the importation of electric vehicles (EVs)...

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The government of Turkey has hailed the Marcos administration's peace efforts in Mindanao, noting that they are worth emulating by other countries...

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As the Philippines joined the ongoing international commemoration of the 16 Days of Activism to eliminate violence against women, British Ambassador Laure Beaufils called for a “zero-tolerance” approach to all forms of gender-based violence, including misogynistic attacks on women journalists, especially online...

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Growth in Southeast Asia’s exports could moderate next year amid expectations of weaker global economic growth, according to a unit of S&P Global Ratings...

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Oil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday...

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EU chief Ursula von der Leyen said Sunday the bloc must act to address "distortions" created by Washington's $430-billion plan to spur climate-friendly technologies in the United States...

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Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a climate of uncertainty and ahead of fresh sanctions against Moscow coming into force next week...

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The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production...

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Sales of arms and military services grew in 2021, researchers said on Monday, but were limited by worldwide supply issues related to the pandemic, with the war in Ukraine increasing demand while worsening supply difficulties...
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A global technology intelligence firm said revenues for 5G private network and 5G network slicing deployments in the Asia-Pacific region will increase from $732 million and $151 million in 2022 to over $13 billion and $12 billion by 2028, respectively...
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The COVID-19 positivity rate nationwide is at 12.3 percent as 1,000 to 1,200 new cases are expected today, the OCTA Research group said...

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The proposed P5.268 trillion national budget for 2023 was approved by the Bicameral Conference Committee after reconciling the versions of the Senate and the House of Representatives...
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Senators resume their scrutiny of the proposed Maharlika Wealth Fund on Monday even as its staunch advocate in the House of Representatives assured fellow lawmakers and critics that the proposed P275-billion sovereign wealth fund would go through a congressional examination...

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The Department of Migrant Workers (DMW) is preparing for its transition as a new department of the government starting next year...
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Senate Minority Leader Aquilino Pimentel III was puzzled why the P10 billion budget of the government’s anti-insurgency task force next year was restored when this was already reduced to P5 billion by both chambers of Congress...

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The Department of Education (DepEd) has allowed the conduct of Christmas parties in public schools and its field offices but underscored that there should be no involuntary contributions to the celebration...
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The Department of Agriculture (DA) on Sunday said it is considering selling government-seized onions at Kadiwa ng Pasko sites to ease the burden of Filipinos amid the rising onion prices that go as high as P300 per kilo.

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The Department of Agriculture (DA) said Sunday that sacks of white onions recently confiscated in Divisoria, Manila, would be sold in Kadiwa stalls at a cheaper price...

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The Department of Justice (DoJ) and the Public Attorney's Office (PAO) have settled their differences over the alleged conflict-of-interest issue against Justice Undersecretary Jesse Hermogenes Andres, in connection with the Dengvaxia vaccine death cases...
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Publicly listed conglomerate San Miguel Corp. (SMC) has come up with a possible solution to the looming power supply shortage, specifically in Luzon, projected by the Department of Energy (DOE) due to the unavailability of several power plants...

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The government increased its borrowings for the third consecutive month, rising by 25 percent in October largely due to the administration’s first foray into offshore commercial financing...

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Inflation quickened last month and is expected to accelerate further to reach its peak this month amid soaring prices of food and holiday goods, a survey of top economists showed...

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Investors took profits from the market last week ahead of the release of the November inflation data this week...

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The Philippines has more serious problems that require immediate solutions rather than focusing on the establishment of a wealth fund that could be a potential source of corruption, according to economic analysts...

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The country should prioritize avoiding severe exchange rate fluctuations as economic activity is expected to weaken next year given global headwinds, according to a Philippine Institute for Development Studies (PIDS) discussion paper...

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