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Sept. inflation may hit 7.1% BSP forecast differs from DOF’s 6.4% By Julito G. Rada, Dexter See, and Macon Ramos-Araneta
T VOL. XXXII • NO. 226 • 3 SECTIONS 16 PAGES • P18 • SATURDAY, SEPTEMBER 29, 2018 • www.manilastandard.net • editorial@manilastandard.net
HE rate of inflation could go as high as 7.1 percent in September, driven by higher prices of rice, fuel and some agricultural products as well as the weakening peso, the Bangko Sentral ng Pilipinas said Friday. “Higher domestic petroleum prices, higher prices of rice and other agricultural commodities due to Typhoon “Ompong,” and the peso deprecia-
DOF: Inflation outlook
tion contributed to the upside price pressures for the month,” the BSP Department of Economic Research said in a statement Friday, projecting inflation would settle within a range of 6.3 to 7.1 percent. On the high end of the department’s estimate, this would be faster than the 6.4-percent inflation recorded in August, which was a nine-year high. The last time the inflation rate breached 7 percent was in February Next page 2009 at 7.2 percent.
Another fuel price hike up PRICES of petroleum products will most likely rise again on Tuesday next week, the eighth consecutive week of price increases, sources at the Department of Energy said Friday. Pump prices for diesel are pegged to rise by P1.34 per liter, gasoline prices are set to go up by one full peso, and kerosene will be up a further P1.09, DoE sources told MaNext page nila Standard.
‘Only sin’joke AGRI turns serious yarn for critics OTHER
PRODUCTS
By Nat Mariano and Macon Ramos-Araneta THE Palace scrambled Friday to explain President Rodrigo Duerte’s remark in a speech Thursday that his “only sin” was extrajudicial killings. “Well, you know the President. What he said was not serious. He only said that because that’s the usual thing they always accuse him of,” said Presidential Spokesman Harry Roque in a ratio interview. “That’s just the President being himself and being playful, highlighting the
Court defers action on Trillanes arrest By Joel E. Zurbano and Macon Ramos-Araneta MAKATI City Regional Trial Court Branch 148 Judge Andres Soriano on Friday deferred ruling on the government prosecutors plea to issue an arrest and hold departure order against Senator Antonio Trillanes IV. The judge also ordered state prosecutors and the camp of Trillanes’ to submit
evidence and set a hearing for 9 a.m. on Oct. 5. “Without necessarily reopening the case or giving due course” to the prosecution’s motion, Soriano said, the parties are given a chance to present evidence on: * Whether or not Trillanes filed the requisite application for amnesty under Proclamation 75 before he was granted amnesty in 2011, and Next page
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Hitler, Lenin vie for mayor post in Peru’s polls
CONG DADONG HOME.
Speaker Gloria Macapagal Arroyo (second from left) leads the ceremony in front of this monument marking the 108th birth anniversary of her father, President Diosdado Macapagal, at the DM MuseumLibrary in his hometown of Lubao, in Pampanga.
CONTINUING TOUR. President Rodrigo Duterte appreciates exhibits in the third of a series of Defense Security and Crisis Management Exhibition and Conference of the Asian Defense and Security 2018 the other day. Malacañang Photo
LIMA—Hitler will stand in Peru’s municipal elections on Oct. 7 after authorities rejected a bid from Lenin to have h i m barred. It may sound like some sort of spoof about the historical battle between fascism and communism, but Germany’s Nazi leader Adolf Hitler and Soviet Marxist
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JBC now accepting Quarrying ban lifted except in Naga, Cebu nominations for By Rio N. Araja new chief justice By Rey E. Requejo MORE than a week before Chief Justice Teresita Leonardo-de Castro retires from the judiciary, the Judicial and Bar Council on Friday started accepting the nominations for the post she will be vacating starting today, Oct. 1 Justice Secretary Menardo Guevarra, an ex-officio member of the JBC, said the deadline for the submission of the requirements for those interested in the position will be on Oct. 15. He made his statement even as the Supreme Court affirmed the Labor Next page
THE Department of Environment and Natural Resources has lifted the suspension on most quarry operations, but maintained the ban in Cebu’s Naga City. After a thorough review, Environment Secretary Roy Cimatu said they decided to allow mining firms in La
Union, Pangasinan, Bulacan, Pampanga, Zambales, Batangas, Rizal, Camarines Sur, Misamis Oriental, Iligan City and Davao City to resume operations. “There are no communities around quarry sites who will be affected in case of a landslide,” he said. Still, he prohibited the quarrying in Next page
Boracay to reopen Oct. 26; wild parties out By Rio N. Araja TOURISM Secretary Bernadette Romulo-Puyat, in London Friday, has announced the reopening of Boracay in Aklan on Oct. 26—after a six-month closure—but with changes: no more wild, Ibiza-like parties, neither alcohol
and cigarettes nor drugs. She was referring to Ibiza, an island in the Mediterranean Sea 79 km off the coast of the city of Valencia in Spain, known for its summer club scene which attracts very large numbers of tourists. But the island’s government and the Next page