Philippine inflation accelerated to 7.8 percent in October from 7.2 percent in September, driven by sharply higher transport costs, rising housing and utility expenses, and persistent rice price increases that continued to squeeze household budgets despite some relief from slower food inflation.
The Department of Agriculture is ramping up safeguards to protect the country's rice sector as El Niño intensifies, drawing on years of improvements and hard-earned lessons to keep food supplies steady and prices stable.
Meralco Executive Vice President and Chief Operating Officer Ronnie L. Aperocho has been conferred Honorary Fellow status by the ASEAN Federation of Engineering Organisations (AFEO), honouring his outstanding contributions to the profession and service to the engineering community across Southeast Asia.
The Bangko Sentral ng Pilipinas (BSP) has no clear timetable for resuming interest rate cuts as it remains focused on containing inflation pressures from core prices and peso depreciation, Governor Eli Remolona Jr. said.
The Department of Public Works and Highways (DPWH) is gearing up to begin the major rehabilitation of Circumferential Road 5 (C-5) by the final week of November, a ₱2.5-billion infrastructure project designed to upgrade one of Metro Manila’s key arterial routes.