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NEWS UPDATES Asean Affairs    November 1,  2017  







BSP sees October inflation at 3.2-3.7%

The Bangko Sentral ng Pilipinas (BSP) on Monday said it expects inflation to settle within the 3.2- to 3.7-percent range in October, on the back of higher utility rates.

"Increases in domestic petroleum prices, electricity rates in Meralco-serviced areas, and water rates in Maynilad- and Manila Water-serviced areas, as well as the weaker peso could contribute to upward price pressures for the month," it said in an emailed statement.

Pump prices of petroleum products were hiked in three out of the four weeks of October, while the Manila Electric Co. (Meralco) imposed an increase of P0.0345 per kilowatt-hour during the month.

"Nonetheless, average inflation is expected to remain within the National Government's target range of 3.0 percent ± 1.0 percentage point for the year," the BSP said.

Inflation registered at 3.4 percent in September, the fastest so far in the first nine months of the year.

The Philippine Statistics Authority is scheduled to release October's inflation rate on Nov. 7, 2017.

Philippines News, Economy, The Bangko Sentral ng Pilipinas


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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