Analysts’ August 2022 inflation rate estimates

Source BusinessWorld

From observing class sizes for undergraduate and graduate studies and reinstating the conditional and failed academic grades, the University of the Philippines (UP) announced it was restoring its normal guidelines, or the policies prevailing before the Covid-19 pandemic, in all its campuses and constituent units...

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Inflation likely remained elevated, staying above six percent for the third straight month in August due to rising global oil prices as well as increasing demand for goods and services as the economy further reopens from strict COVID quarantine and lockdown protocols, according to economists...

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The Philippine Chamber of Commerce and Industry (PCCI) has expressed concern over the increase in interest rates as small businessmen are bearing the brunt of the rate hikes...

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The Bureau of the Treasury (BTr) announced on Saturday, September 3, that the national government's total outstanding debt reached P12.89 trillion at the end-July 2022 level, up by 9.9 percent from the beginning of the year...

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The Marcos administration should proceed with oil and gas exploration and development in the West Philippine Sea without having to wait to restart joint exploration talks with China, said former Foreign Affairs Secretary Albert del Rosario...

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The Bangko Sentral ng Pilipinas (BSP) is not inclined to take steps to defend the Philippine peso despite the local currency's struggle last week against the United States dollar...

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To provide economic opportunities to the residents of Montalban, the House Committee on Tourism has declared Wawa Dam as a tourist destination...

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Two lawmakers have filed separate bills seeking to make the Food and Drug Administration (FDA) independent of and autonomous from the Department of Health (DOH) to prevent “instances of potential conflicts of interest” and spare the agency from “undue politicking.”...

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A group of scholars has urged the House of Representatives not to pass the bills that would suspend the use of the mother tongue as the medium of instruction for Kindergarten to Grade 3...

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After several local governments cited it for suspending classes on Friday, the Department of Education (DepEd) clarified that the new guidelines for class cancellations and suspensions during disasters and other natural calamities have yet to take effect...

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A measure seeking to ban junk food and sugary drinks in public schools has been filed by Senator Lito Lapid in a bid to address child obesity and malnutrition...

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You better watch out: “noche buena” items may be in for a steep price hike...

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TINGOG party-list Representatives Yedda Marie Romualdez and Jude Acidre have filed a bill seeking to grant employees in both private and public sectors a 10-day bereavement leave with full pay to allow them to grieve and recover from the loss without sacrificing their income...

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Senator Sherwin Gatchalian has refiled a bill that seeks to establish in every city and municipality a nursing home that shall serve abandoned and homeless senior citizens...

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The Philippines should proceed to explore and develop the oil and gas in the West Philippine Sea, similar to the action of its neighbors who were able to assert their sovereign rights over their waters and completed drilling even without the benefit of an Arbitral Award and defense treaty, former foreign affairs secretary Albert del Rosario said yesterday...

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President Ferdinand “Bongbong” R. Marcos, Jr. on Sunday flew to Indonesia for the first leg of the series of trips he will be undertaking this week to secure new overseas partnerships to help in the country’s post-pandemic economic recovery...

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Two China Coast Guard (CCG) vessels, one of them the biggest in its fleet, were once again spotted near waters where a search and rescue exercise between Filipino and American troops was conducted on Friday and Saturday...

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More multinational companies in Singapore are now considering hiring more Filipino professionals, according to the Department of Migrant Workers (DMW)...

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President Ferdinand Marcos Jr. has named former Foreign Affairs secretary Teodoro Locsin Jr. as ambassador extraordinary and plenipotentiary to the United Kingdom of Great Britain and Northern Ireland, Malacañang announced Sunday...

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The Philippines and Israel are planning to further expand bilateral defense and military relations...

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OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, five OPEC+ sources said, although some sources would not rule out a small production cut to bolster prices that have slid due to fears of an economic slowdown...

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Space architects in China are designing a moon base carved out of volcanic caves, as the country looks at long-term stays for astronauts after 2035...

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An increase in global hospitalization and deaths from COVID-19 in the coming months is “reasonable to expect,” a World Health Organization (WHO) official said...

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China's southern tech hub of Shenzhen said it will adopt tiered anti-COVID restriction measures starting on Monday, while the southwestern metropolis of Chengdu announced an extension of lockdown curbs, as the country grapples with fresh outbreaks...

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Pakistan appealed Saturday to the international community for an "immense humanitarian response" to unprecedented flooding that has left at least 1,265 people dead. The request came even as planes carried supplies to the impoverished country across a humanitarian air bridge...

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Ukrainian President Volodymyr Zelensky has told Europeans to expect a difficult winter as the Russian assault on his country leads to cuts in oil and gas exports by Moscow, as the continent’s leaders worked on Sunday to ease the impact of high energy prices...

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Prime Minister Denys Shmygal will be the first high-level Ukrainian official to visit Germany in months on Sunday, in a sign of eased tensions after a rocky patch between Kyiv and Berlin...

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Subsidies extended to state-run firms by the Marcos administration during its first month in office surged nearly five-fold to P30.3 billion, with the bulk of the amount going to the Philippine Health Insurance Corporation (PhilHealth)...

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The Commission on Human Rights (CHR) has appealed to Congress to reconsider the proposed budget cut for the agency as this would limit its ability to deliver its mandate as the country’s rights watchdog next year...

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The plunge in travel taxes collected by the government due to the pandemic restrictions has again forced the Tourism Infrastructure and Enterprise Zone Authority (Tieza) to seek a subsidy from the national government to support its maintenance and other operating expenses (MOOE)...

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A senior lawmaker chided the Department of Health (DOH) for messing up paperwork in the granting of extra monetary benefits to nurses and other healthcare workers (HCWs) as mandated by Republic Act (RA) 11712...

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The Bureau of Customs (BOC) again surpassed its collection target in August because of improved tax administration and higher duties on expensive oil...

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Batangas Gov. Hermilando Mandanas called on the Marcos government to swiftly implement the Supreme Court's ruling in 2022 that granted local government units (LGUs) a bigger slice of the taxes collected by the national government...

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The country's vaccination campaign has stalled during the past month, with only 18.1 million booster shots administered despite the 71.5 million people who are eligible, Go Negosyo founder Jose Ma. "Joey" Concepcion 3rd said, citing the figures from the National Covid-19 Vaccination Dashboard and adding that the government has a formidable task ahead of it...

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The Marcos administration is eyeing investments from public and private insurance companies to support its ambitious infrastructure program amid a fiscal crunch, the country’s finance chief said...

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Philippine President Ferdinand R. Marcos, Jr. on Sunday promised to secure investment pledges as he left for his state visits to Indonesia and Singapore...

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Five years after the Marawi City siege, P1 billion has been set aside in next year’s proposed national budget to compensate residents who lost their property during the five-month-long conflict...

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Senator Imee Marcos has urged the Department of Agriculture to speed up the release of over P9 billion in government subsidies, particularly for rice farmers who are now preparing for the wet planting season this September to October...

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Go Negosyo founder Joey Concepcion on Saturday said all signs seemed to suggest that Filipinos are learning to live with COVID-19...

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The resolution seeking for the abolition of the Procurement Service – Department of Budget and Management (PS-DBM) due to questionable contracts is gaining support but the Senate is still open to reforms in the agency, Senator Francis Tolentino said on Sunday...

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The Commission on Elections (Comelec) has set the filing of certificates of candidacy (COC) for the 2022 barangay and Sangguniang Kabataan elections (BSKE) in October 6 to 13, despite calls for the postponement of the said polls...

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President Ferdinand "Bongbong" Marcos Jr. has appointed former Energy Regulatory Commission chairman Agnes Vicenta Devanadera as the new acting president and CEO of Clark Development Corporation (CDC), Malacañang announced Saturday...

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Marina must stop the irregularities and profiteering that have made the MLCs and other training courses such a blight and burden on the lives of seafarers'...

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Lawmakers from the progressive Makabayan bloc are intent on questioning the P2.3-billion budget that Vice President Sara Duterte’s office is seeking from Congress for next year...

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The global health crisis upended many people’s lives. It obliterated the routines, however mundane, that keep them levelheaded like dressing up and eating out...

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The Philippine Stock Exchange expects the number of its initial public offerings in 2022 to reach a 26-year high of 11 companies as it has three more maiden offerings in its pipeline for the year...

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The Department of Social Welfare and Development (DSWD) said that it has so far paid more than P100 million to more than 42,000 beneficiaries on the third day of its distribution of educational cash aid...

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Tiger Resort Asia Ltd. (TRAL) has successfully reinstated its board members in Tiger Resort Leisure and Entertainment Inc. (TRLEI) and ousted a rival board in casino resort Okada Manila...

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Officials of the Department of Public Works and Highways and the Department of Finance met on Friday for the review of flagship infrastructure projects funded by official development assistance...

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Increases in wholesale prices of construction materials in the National Capital Region (NCR) eased in July, as six commodity groups registered slower upticks...

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A salt shortage is possible if the needs of the salt industry won’t be addressed by the government, according to the Department of Trade and Industry (DTI)...

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The local currency could still weaken in the coming days as local and international developments could play to the strength of the dollar...

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The tourism industry is struggling to staff up for the wave of “revenge travel,” with many employees from businesses that shut down having moved on to other jobs, the travel agency industry association said...

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Science and Technology Secretary Renato Solidum Jr. urged the local scientific community to develop an entrepreneurial mindset to help consumers develop products and technologies...

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Agrarian Reform (DAR) Secretary Conrado Estrella 3rd said improving the economic lives of the farmers is one of the priorities of the Marcos administration...

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Following a hefty oil price hike, fuel prices may roll back next week. An industry source said oil companies may reduce the price of diesel by P1.70 to P2 per liter and that of gasoline by P3 to P3.30 per liter...

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Business leaders under the Private Sector Advisory Council have pushed for the completion of ongoing and upcoming infrastructure programs to maintain the growth momentum...

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NLEX Corp. expects to complete the entire expressway connecting the south and north of Manila by the second quarter of 2023, a top executive said over the weekend...

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Infrastructure company Megawide Construction Corp. said over the weekend it plans to venture into “pandemic-resilient” businesses, such as transport terminals, redevelopment of public markets and data centers, using the P15-billion proceeds from the sale of its stake in the airport terminal business...
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