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  In Q3, the Philippine economy expanded by 5.9%

  According to PH economy grew by 5.9% in Q3 | Inquirer Business, The Philippine Statistics Authority (PSA) said on November 9 that the country's GDP expanded by 5.9 percent year over year in the third quarter, above market estimates and surpassing the 4.3 percent growth noted in the second quarter.This increased the nation's average gross domestic product (GDP) growth for the year to 5.5%.Arsenio Balisacan, the secretary of socioeconomic planning, according to PH economy grew by 5.9% in Q3 | Inquirer Business, stated at a news conference that the government has to expand by 7.2 percent in the last quarter of the year in order to meet at least the lower end of its projected growth rate of 6 to 7 percent for this year.For a nation struggling with persistently high consumer costs, the most recent data was encouraging. It exceeded most estimates for GDP, which ranged from 4.3 to 4.9 percent.According to PH economy grew by 5.9% in Q3 | Inquirer Business, average inflation between January and October reached 6.4%, much over the government's goal range of 2 to 4%. This is particularly hurting consumer spending, which is the backbone of the economy.The third quarter's growth in household consumption was 5.5%, according to the data, which was less than the 5.5 percent rise in the previous quarter.In an effort to control inflation, which is also stifling development, the Bangko Sentral ng Pilipinas (BSP) has started its most extreme tightening program in 20 years.Currently, according to PH economy grew by 5.9% in Q3 | Inquirer Business, the BSP's consideration of the third quarter GDP statistic will be a crucial factor in determining whether more tightening is necessary once it meets on November 16th.

  2023-11-10 03:00
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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

  MOE urges all schools to implement safety promotion to "Carrot Knife" that is popular among elementary school students

  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.

  2023-11-13 05:00