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.
Taiwanese elementary school campuses are currently seeing a surge in popularity for the "Carrot knife" toy, which has gained popularity recently on short video sites. Some parents are concerned that it will put schoolchildren's safety in danger. While the "Carrot Knife" has not been outright outlawed, the Ministry of Education has requested local governments and educational institutions to increase safety awareness and take note of any activities or materials that are not appropriate for children's physical or mental development.Read more: The "10th Dream-Building Project for New Immigrants and Their Children" will soon begin accepting applications MOE urges all schools to implement safety promotion to "Carrot Knife" that is popular among elementary school students.Photo reproduced from Tiktok"Carrot Knife" is a 3D printed plastic toy that looks like a knife. Several stationery producers have followed the trend and created a variety of "Carrot Knives," which are also highly well-liked by elementary school students. Parents may naturally be concerned since, although being made of plastic, the carrot knife can nevertheless readily puncture fruits with tough skin, such grapefruit and watermelon, with a little bit of power.In retaliation, the Ministry of Education has lately written to every county and local education bureau, urging them to emphasize campus safety messaging and drawing attention to games and other materials that are inappropriate for students' physical and mental growth in the classroom. If a student takes it to class, the teacher will hold it for a little while before returning it after class.
According to DepEd drops P150-M confidential fund request (inquirer.net), the Department of Education's (DepEd) P150 million secret cash request for its 2024 budget has formally been withdrawn by Vice President and Education Secretary Sara Duterte.The statement was made on November 9 during discussions on the proposed national budget for the upcoming year by budget sponsor Senator Pia Cayetano.Duterte is respectfully asking, according to Cayetano, "that the funds be realigned to the National Learning Recovery Program instead."According to DepEd drops P150-M confidential fund request (inquirer.net), Duterte's equally contentious request for a P500 million secret allocation for next year was abandoned earlier by the Office of the Vice President.
