Analysts’ September 2022 inflation rate estimates

Source BusinessWorld

The national government reduced its borrowing by around P1 trillion as of end-August due to lower financing from domestic and foreign creditors, Bureau of the Treasury (BTr) figures showed on Sunday...

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The Marcos administration’s aspiration of ramping up the use of more indigenous and renewable energy (RE) in the Philippines got a big boost after the Department of Justice (DOJ) opined that investments in this sector are not subject to the Constitution’s foreign ownership restriction of 40 percent of businesses...

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The Intellectual Property Office of the Philippines (IPOPHL) has described as “most alarming” the Philippines’s slide of eight notches in the 2022 Global Innovation Index (GII)...

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Inflation likely accelerated in September as the peso slumped to record low levels, coupled with higher food prices and more expensive electricity, according to economists...

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Go Negosyo founder Joey Concepcion on Sunday said the fourth quarter of 2022 will be crucial for the economy as consumer spending is expected to pick up, urging that mobility be maintained to ensure that the country’s economic recovery does not stall...

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The Department of Energy (DOE) is working on the necessary amendments in the renewable energy (RE) law following the legal opinion of the Department of Justice declaring that RE is not subject to the 60:40 rule on foreign ownership...

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Another measure seeking to increase public school teachers’ salaries has been filed in the 19th Congress...

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The Energy Regulatory Commission (ERC) has begun the process of resetting transmission rates, one of the charges power distributors levy on electricity consumers...

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While local governments in Cebu have allowed the optional use of face masks in open spaces, the Department of Education (DepEd) in Central Visayas said students and teachers are still required to wear face masks within school premises in the region...

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The Securities and Exchange Commission (SEC) announced it has issued guidelines that will allow corporations to resolve intra-corporate disputes promptly and without going to court through arbitration...

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As the fare hike starts on Monday, Oct. 3, for passenger jeepney and other public utility vehicles (PUVs), the Land Transportation Franchising and Regulatory Board (LTFRB) reminded commuters not to pay extra unless there is a new fare matrix displayed inside the vehicles...

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The Commission on Elections (Comelec) will propose to criminalize nuisance candidates, spokesperson John Rex Laudiangco said Sunday...

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The Department of Foreign Affairs (DFA) has launched an online game where a user can explore the entire archipelago of the Philippines to raise awareness of the country’s archipelagic and maritime heritage...

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Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former sultanate in the Philippines who are seeking $15 billion in compensation...

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The Philippine grid is not as able as its counterparts among the major economies of the Association of Southeast Asian Nations (ASEAN) to accommodate a large proportion of variable renewable energy (RE), according to the Southeast Asia Information Platform for the Energy Transition (SIPET)...

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The fourth annual edition of the Digital Quality of Life Index (DQL) reports that the quality of digital life in the Philippines ranks 55th in the world and 14th in Asia. The country dropped by seven positions since last year's edition, falling from 48th to 55th this year...

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The Philippines will be leading a bilateral military exercise with the United States this week...

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The defense ministers of the United States, Australia and Japan agreed Saturday to boost military cooperation in the face of China's growing ambitions...

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Oil prices jumped more than 3 percent in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market...

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The OPEC+ oil cartel will meet in Vienna at the ministerial level on October 5 to discuss future output strategy, according to a statement issued by the organization on Saturday (Sunday in Manila)...

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Ukraine on Sunday claimed full control of the eastern logistics hub of Lyman, its most significant battlefield gain from Russia in weeks, providing a potential staging post for further attacks to the east while heaping further pressure on the Kremlin...

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Calls to the Bank of England (BoE) saying some British pension funds were struggling to meet margin calls began on Monday, September 26. By Wednesday, September 28, they were getting more urgent and coordinated...

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Millions of people around the world are believed to suffer from long COVID, yet little remains known about the condition—though research has recently proposed several theories for its cause...

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The National Government should extend the timeline for the devolution of some functions to local government units (LGUs) amid the implementation of the Supreme Court’s (SC) Mandanas-Garcia ruling, experts said, citing the need to strengthen the latter’s capacity first...

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A top executive of a global nonprofit organization working to bring water and sanitation to the world said access to clean, potable water in the Philippines has become a real crisis...

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The National Disaster Risk Reduction and Management Council (NDRRMC) on Sunday said the number of individuals affected by the Typhoon "Karding" has breached the 1 million mark..

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A total of P544 billion in lump sum appropriations in the proposed budget of the Department of Public Works and Highways (DPWH) for 2023 may just end up as pork barrel of lawmakers, Senate Minority Leader Aquilino “Koko” Pimentel III warned on Sunday...

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The Department of Labor and Employment (DoLE) has allocated P455.6 million for the emergency employment program in Central Luzon and Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon), which were ravaged by Super Typhoon "Karding" last week...

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What are the odds of winning the lottery? According to a statistician of the University of the Philippines (UP), it’s a one-in-28,989,675 chance, considering the six-number combinations in the 6/55 Grand Lotto draw of the Philippine Charity Sweepstakes Office (PCSO)...

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Opposition Sen. Aquilino Pimentel III urged his fellow senators to realign the P150 million in confidential funds allotted to the Department of Education (DepEd) for its 2023 budget, saying the money could be used to repair schools damaged by Typhoon Karding (international name: Noru) in many parts of Luzon...

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The Philippine Competition Commission (PCC) said it needs to delay rulings on active cases involving the medical services and tourism industries, due to the large number of respondents to be processed...

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The Land Transportation Office (LTO) has clarified that it is not abolishing its online portal reportedly used by fixers in renewing drivers’ licenses...

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The Philippine Charity Sweepstakes Office (PCSO) defended its Grand Lotto 6/55 draw that saw 433 bettors winning the jackpot of P236 million on Saturday...

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The Bureau of Immigration has begun processing the visa cancellation of over 48,782 foreign employees of Philippine offshore gaming operators (POGOs) whose license to operate have been revoked by the Philippine Amusement and Gaming Corp. (Pagcor)...

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The Office of the Solicitor General on Sunday said the Philippines does not need the help of the International Criminal Court (ICC) in investigating the Duterte administration’s bloody war on drugs because the country can do the probe on its own...

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President Ferdinand Marcos assured local government units (LGUs) that his administration will help them in their devolution plans through the setting up of support and equity funds as the Mandanas ruling takes effect this year...

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An analyst on Saturday urged the public to wear face masks even in open spaces as the Philippines experiences a high COVID-19 positivity rate...

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The last three months of the year will be crucial for micro, small and medium enterprises (MSME) since consumer behavior during the Christmas season will determine how the economy will perform ahead of the new year, Jose Ma. "Joey" Concepcion 3rd, Go Negosyo founder, said...

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The country's net international investment position registered a net liability of $28.50 billion as of the second quarter of 2022, lower by 9.9 percent than the $31.60 billion recorded in the first quarter of this year...

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The country’s rice imports as of September 22 breached the 2.9 million metric ton (MMT), already 5 percent higher than last year’s full-year import volume of 2.771 MMT, latest government data showed...

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Fiscal prudence is “an existential imperative,” according to an economist-lawmaker, after the announcement of a new tax cut plan by the British government pulled the pound sterling to a 40-year low against the US Dollar...

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Presidential Adviser for Entrepreneurship Jose Maria A. Concepcion III said the fourth quarter of 2022 will be “crucial” for micro, small, and medium enterprises (MSMEs) in the Philippines, noting that mobility should be maintained especially amid the holiday season where consumer spending is expected to be at its peak...

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Despite the steeper and quicker increase in consumer prices, people are still wiling to spend on travel to reconnect with family and friends...

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The Cavite provincial government expects construction of the $11-billion Sangley Point International Airport Project, which will serve as an alternative to the Ninoy Aquino International Airport (NAIA), to start as early as the third quarter of 2023...

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The Bangko Sentral ng Pilipinas (BSP) is expected to continue hiking borrowing costs to bring its key rate to 5.75% by next year to support the peso, HSBC Global Research said...

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An economist said the government might need to enforce its fiscal program to improve the state's fiscal health to improve the country's budget gap...

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A presidential adviser said the economic recovery will depend largely on whether consumers enjoy a degree of mobility in the fourth quarter, the time of year when businesses generate outsized profits...

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The number of registered births and deaths declined in the first six months of 2022 by 26.8% and 32.1%, respectively, the Philippine Statistics Authority (PSA) reported...

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Thirteen public markets in Metro Manila being monitored daily by the Department of Agriculture (DA) have been overpricing their vegetables by at least P20 per kilo, an official said on Saturday...

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The government is ready to build a stronger and greener economy fit for the 21st century, a Cabinet official said...

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The local stock market will continue to experience volatility in the near term, which could be a good opportunity to hunt for bargains, traders said...

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Philippine tour operators are optimistic about the continued recovery of the tourism sector this year, projecting an industry comeback to prepandemic levels sometime next year as lockdown measures ease further and local travelers get back to normalcy...

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More expensive electricity and key food items as well as a weaker peso may have pushed up Philippine inflation to within 6.6 and 7.4 percent in September, according to the Bangko Sentral ng Pilipinas (BSP)...

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The national government’s budget deficit shrank by 40 percent to P72 billion in August 2022 from P121 billion in August 2021 as growth of the domestic economy built up momentum thanks to continued reopening from pandemic-prompted restrictions...

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Prices of sugar have surged past P100 per kilogram in select markets in Metro Manila, ahead of the milling season and the scheduled importation of the commodity in the coming months...

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The cost of damage to infrastructure caused by Typhoon Karding reached over ₱304 million as of Sunday, the National Disaster Risk Reduction and Management Council (NDRRMC) reported...

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