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  • 菲律賓國旗

  October saw a 4.9% decrease in Philippines inflation

  According to PH inflation eased to 4.9% in Oct | Inquirer Business, the slower rate of growth in food prices in October contributed to a considerable decrease in inflation, according to a November 7 data from the Philippine Statistics Authority.The consumer price index, which measures inflation, decreased from 6.1 percent in September to 4.9 percent in October.With the most recent report, the 10-month average increased to 6.4 percent, which is still higher than the 2 to 4 percent yearly objective set by Bangko Sentral ng Pilipinas.Additionally, the number exceeded the BSP's own projection, which put the rate of inflation from the previous month at 5.9 to 5.1 percent.According to PH inflation eased to 4.9% in Oct | Inquirer Business, National Statistician Claire Dennis Mapa stated at a news conference that the slower rise in the prices of staple foods was the primary cause of last month's lower inflation figure. According to data, food inflation decreased to 7% in October from 9.7% in September.According to PH inflation eased to 4.9% in Oct | Inquirer Business, the decline was also influenced by the restaurants and lodging services index, which saw an increase in inflation from 7.1 percent in September to 6.3 percent in October.For a central bank that has yet to choose whether to tighten monetary policy further at its meeting on November 16 or slam the brakes on rate rises, the October inflation statistic would be a crucial piece of information. This comes after an unexpected decision to raise the main rate by 25 basis points to 6.50 percent in late October—a new 16-year high.According to PH inflation eased to 4.9% in Oct | Inquirer Business, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. justified the recent off-cycle rise by stating that the Monetary Board (MB) acknowledged the necessity of this immediate monetary action to convey to the market that the BSP is making every effort to return inflation to its goal range of 2 to 4 percent.

  2023-11-07 03:00
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  • 菲律賓國旗

  Artificial intelligence apps are being discontinued by the Philippine military because of security concerns

  According to Philippine military ordered to stop using artificial intelligence apps due to security risks | The Star, all 163,000 military members and defense personnel in the Philippines have been told by the head of defense to abstain from using digital applications that use artificial intelligence to create personalized images because they might be dangerous for national security.While Philippine military have been attempting to quell decades-old communist and Muslim insurgencies and preserve territorial interests in the disputed South China Sea, Defense Secretary Gilberto Teodoro Jr. gave the order in a letter dated October 14.The document has been making the rounds online for the past several days, and the Department of National Defense verified its validity on October 20. However, it withheld other information, such as the reason behind Teodoro's restriction.According to Philippine military ordered to stop using artificial intelligence apps due to security risks | The Star, Defense Secretary Gilberto Teodoro Jr. particularly cautioned against using a digital program that asks users to upload ten or more photos of themselves before using artificial intelligence (AI) to generate a virtual person that resembles the speech and movements of a real person.According to Teodoro, there is a criminal use of this seemingly benign and entertaining AI-powered tool to fabricate accounts that may be used for identity theft, social engineering, phishing scams, and other nefarious purposes. A report of one of these cases has already been published.According to Philippine military ordered to stop using artificial intelligence apps due to security risks | The Star, Defense Secretary Gilberto Teodoro Jr. issued directives to all military and defense personnel, advising them to follow the principles and guidelines of the Philippines Defense Department while sharing information online and to abstain from utilizing AI photo generating apps.

  2023-10-28 03:00
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  • 菲律賓國旗

  Some rice shipments to the Philippines are permitted by India

  According to India allows some rice shipments to the Philippines | The Star, According to a government ruling, India would permit the sale of non-basmati white rice to a number of nations, including the Philippines, which is one of the major buyers of the crop worldwide.India, the largest rice exporter in the world, outlawed the export of non-basmati white rice to other countries in July and then taxed ships carrying parboiled rice by 20% in an effort to control local pricing and guarantee an adequate supply of the grain for the home market.However, according to India allows some rice shipments to the Philippines | The Star, New Delhi stated that it will continue to evaluate, on a case-by-case basis, requests for rice supply from vulnerable, underprivileged nations.The Philippines, which typically imports the majority of its rice from Vietnam, will get 295,000 tons of non-basmati white rice from India. President Ferdinand Marcos Jr. of the Philippines has imposed limitations on rice prices in an effort to control inflation, which the country is now fighting.New Delhi would sell non-basmati white rice to Nepal, Cameroon, Malaysia, Seychelles, Ivory Coast, and the Republic of Guinea in addition to the Philippines. India will supply the seven nations a little over a million tons in total.India approved limited rice shipments to Bhutan, Mauritius, and Singapore in August, but according to a government source, the country is unlikely to accept any additional requests for rice supply until farmers have harvested their new season crop.Although rice harvesting has barely begun in certain parts of India, according to India allows some rice shipments to the Philippines | The Star, crop yields might be negatively impacted by sporadic showers in other regions.By purchasing significant amounts of the new season produce from farmers, the Indian government is eager to bolster its stockpiles. Concerns about dwindling local supplies will be allayed by a larger harvest and increased government purchases.In a different development, a government release stated that Indian farmers increased their rice production from 129.4 million metric tons to 135.7 million metric tons in the crop year ending in June 2023.According to India allows some rice shipments to the Philippines | The Star, compared to 107.7 million metric tons the year before, 110.5 million metric tons of wheat were produced.

  2023-10-25 03:00