“Sugar tax anti-obesity goal rather vague”
Some in the legislature have difficulty supporting the proposal to double the excise tax on sugar to P12 from the current P6, saying its anti-obesity objective is unclear and rather misleading.
IMF forecasts slow, uneven global growth this year
Global growth this year, seen as slow and uneven, is forecast to remain well below the 20-year average of 3.8 percent, according to International Monetary Fund managing director Kristalina Georgieva.
Food price in superdrive in September, confounding forecasts
Headline inflation accelerated to the upper limit of official forecast and hit 6.1 percent in September and well above market consensus of only 5.3 percent, the Philippine Statistics Authority (PSA) reported on Thursday.
Moody’s unit forecast slight easing in September price survey
Inflation, or the rate of change in prices, is seen easing slightly in September to 5.2 percent from 5.3 percent in August in latest readings by analysts, including Moody's Analytics.
Inflation could hit a new high 6.1 percent in September – BSP
Price dynamics pitting fuel, electricity and key agricultural commodities on one hand and a weaker peso on the other are at work in September making inflation barely changed during the month at a best-case Bangko Sentral ng Pilipinas (BSP) inflation forecast of 5.3 percent.
