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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

  Philippines airlines will start charging extra in November

  According to Airfares to cost more in Philippines from November | The Star, following the approval of an increased fuel fee by the Civil Aeronautics Board, airline passengers will be paying extra for their tickets starting next month.The agency said in an advisory that it increased the gasoline surcharge from its current Level 6 to Level 7 for November.Airlines tack on fuel surcharges as extra levies to partially offset their fuel expenses. These are distinct from the base price, which is the total sum that a traveler pays for their seat.Fuel surcharges for Level 7 flights range from P219 to P739 for domestic travel and from P722.71 to P5,373.69 for international travel.In comparison to Level 6 pricing, according to Airfares to cost more in Philippines from November | The Star, these charges are higher: P185 to P665 for domestic travel and P610.37 to P4,538.40 for foreign travel.Travelers heading to Caticlan, Legaspi, Kalibo, and Roxas from Manila will be required to pay a gasoline surcharge of P346 next month, while those traveling to Iloilo, Bacolod, Tacloban, and Puerto Princesa would be charged P459.According to Airfares to cost more in Philippines from November | The Star, the applicable fuel surcharge for flights departing Manila to Zamboanga, Cotabato, and Davao is P689, while to Dumaguete, Tagbilaran, Surigao, and Siargao, it is P608. There will be an extra P739 for those who book flights from Manila to General Santos and Clark to Davao.Airlines operating in Taiwan, Hong Kong, and Vietnam are required by Level 7 to levy fuel surcharges of P722.71. Costs for travel to China are P981.26; Singapore, Thailand, and Malaysia are P999.52; Indonesia, Japan, and South Korea are P1,124.26; Australia, and the Middle East are P2,486.77.The budget airline AirAsia Philippines said that in an effort to lessen the impact of the fuel levy, it will be providing discounted flight fares.As travel and vacation time peak in the remaining months of the fourth quarter for many Filipinos, AirAsia guests can also seek additional relief by booking in advance from the anticipated adjustments in ticket prices brought about by the volatility of global fuel prices, according to Steve Dailisan, country head for communications for AirAsia Philippines.According to Airfares to cost more in Philippines from November | The Star, through expanding their flight schedules to both domestic and abroad destinations, airlines have been bracing themselves for the surge in passenger traffic.

  2023-10-28 03:00