Details of these major reports, and that of other important stories, are but a click away in the MB Daily News Update this Tuesday afternoon, March 7, 2023.
The Philippine National Police will be deploying Special Action Forces personnel in Negros Oriental in a bid to ease the tension created by the murder of Negros Oriental Governor Ruel Degamo.
Inflation rate in the country slightly slowed to 8.6 percent in February even as President Ferdinand “Bongbong” Marcos Jr. vowed more government action to control the rise in prices of goods and services. The oil slick that spread after an oil tanker sank off the waters of Oriental Mindoro has already affected tourism spots, according to the Department of Tourism .
Meanwhile, two new witnesses have come forward to file complaints against the suspects involved in the fatal hazing of Adamson University engineering student John Matthew Salilig. PARKED IMAGES — Painter Nash Delmoro works at his ‘Pintados’ shop on Tuesday, March 7, 2023, in Barangay North Fairview in Quezon City where a wide array of signages used by public utility vehicles in identifying their routes and places of destination is displayed. Interestingly, Delmoro’s livelihood could also be adversely affected by the government’s jeepney modernization program since the modernized jeepneys will already be using LCD-signages.
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Inflation woes linger in tradingStocks were marginally lower last week as investors stayed on the sidelines ahead of the release of February inflation data on Tuesday, March 7. The benchmark Philippine Stock Exchange index (PSEi)
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S.Korea inflation slowest in 10 months, bolsters views for no more hikesSouth Korea’s consumer prices for February grew at their slowest pace in 10 months, bolstering views that the central bank is done with its current policy tightening cycle after it held rates steady last month. | Reuters
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Philippines’ February inflation likely remained at 14-year high, analysts sayInflation in the Philippines likely remained high in February as some analysts estimated an average consumer price increase of 8.7 percent, the same pace seen in January, if not higher. | RonWDomingoINQ /PDI
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Inflation: Any solutions? | BusinessMirrorAT 9:00 a.m. tomorrow, Tuesday, the government through the Philippine Statistics Authority will release the inflation numbers for February 2023. The previous month’s inflation came in at 8.7 percent and the forecast from international observers this time is that prices will have posted an 8.9 percent increase year-on-year. Month-on-month inflation,…
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Philippines’ February inflation seen at 8.8%, new 14-yr-highInflation in the Philippines may have risen to a new 14-year-high of 8.8 percent in February, according to Goldman Sachs, adding voice to forecasts pointing to yet another possible peak. | RonWDomingoINQ /PDI
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PSEi steady as investors keep eyes peeled for inflation, job patternsThe country’s benchmark stock index firmed up above 6,600 ahead of the release of key economic data this week, starting with the latest inflation report coming out today, March 7. | miguelrcamusINQ /PDI
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