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NEWS / A3 VOL. XXXVII • NO. 171• 3 SECTIONS 12 PAGES • P20 • SATURDAY, AUGUST 5, 2023 • www.manilastandard.net • mst.daydesk@gmail.com
Inflation slows further to 4.7% Now at 16-month low, but Statistics Authority wary of rising rice prices By Julito G. Rada, Charles Dantes and Maricel V. Cruz
I
NFLATION in July 2023 eased further to a 16-month low of 4.7 percent from 5.4 percent a month ago, pulled down by slower year-on-year increases in the prices of food and non-alcoholic beverages, housing, water, electricity, gas, and other fuels, the Philippine Statistics Authority (PSA) said Friday.
“This is the sixth consecutive month of deceleration in headline inflation and the lowest since March 2022 with an inflation of 4 percent,” National Statistician and Civil Registrar General Dennis Mapa said in an online briefing. But Mapa said the agency would take a closer look at the trajectory of Next page
HEADLINE INFLATION RATE PER MONTH (July 2022 to July 2023) July ’22 August ’22 Sept. ’22 Oct. ’22 Nov. ’22 Dec. ’22
6.4 percent 6.3 percent 6.9 percent 7.7 percent 8.0 percent 8.1 percent
Jan. ’23 Feb. ’23 March ’23 April ’23 May ’23 June ’23 July ’23
ALL EYES ON RICE. A rice dealer arranges sacks of various types of rice at Quinta Market in Quiapo, Manila on Friday. The Philippine Statistics Authority said it would take a closer look at the trajectory of rice inflation in the coming months despite the downtrend in food inflation, as rice inflation has been increasing since February 2022. Danny Pata
8.7 percent 8.6 percent 7.6 percent 6.6 percent 6.1 percent 5.4 percent 4.7 percent
PH-US joint patrols in WPS by yearend, NSC exec says THE Philippines and the United States have agreed to mount joint patrols in the West Philippine Sea before the end of the year, the National Security Council (NSC) said on Friday. In April, Washington and Manila agreed to resume joint patrols in the South China Sea, which overlaps with the West Philippine Sea, and struck a
deal to give US troops access to another four military facilities in the Philippines, on top of five existing Enhanced Defense Cooperation Agreement (EDCA) sites. Meanwhile, senators have revived a previous suggestion to make former President Rodrigo Duterte a special envoy to China, following his meeting Next page
Another big-time fuel price hike: P3.60 for diesel, P2.65 kerosene By Alena Mae S. Flores FOR the fifth straight week, consumers must brace for another big-time fuel price hike effective Tuesday, reflecting the movement of prices in the world oil market. Industry sources told the Standard
diesel prices will likely go up by P3.40 to P3.60 per liter, kerosene by P2.45 to P2.65 per liter, and gasoline by P0.15 to P0.35 per liter. This is based on the benchmark Mean of Platts Singapore trading and foreign exchange movement for the first four Next page days of the week.
AID VIA EDCA SITE. Defense Secretary Gilberto Teodoro and Armed Forces Chief of Staff General Romeo Brawner Jr. (inset) walk with Philippine and United States military officials at Lal-lo Airport in Cagayan, an Enhanced Defense Cooperation Agreement (EDCA) site that the armies used to transport 1,200 food packs and 56 solar panels to Fuga and Calayan Islands to aid victims of recent typhoons. AFP Photos
DPWH to dredge, desilt 3 rivers to mitigate floods By Vito Barcelo and Macon Ramos-Araneta THE Department of Public Works and
Highways (DPWH) will dredge and desilt the Pasig, Dimagla and Pampanga rivers to mitigate flooding in many parts of Luzon during typhoons or heavy rains.
Public Works Secretary Manuel Bonoan said the Pampanga River is the second-largest river in Central Luzon and the country's fifth-longest river, Next page
‘Join gov’t not President taps Corpus, Hosaka for GCG to make money, but to serve’ By Rey E. Requejo WRECKED. Authorities confirm the wreckage of Cessna 152, which was
found at Sitio Matad Brgy Salvacion, Luna, Apayao after 2 days of searching. Local search teams retrieved the bodies of the pilot and student around noon of Thursday (see story on A2). CAAP Photo
“ONE does not join government to make money; one joins government to serve.” Chief Justice Alexander Gesmundo reminded government officials and employees of this during the testimonial Next page
Brian Hosaka
PRESIDENT Ferdinand Mar Marcos Jr. on Friday appointed lawyer Marius Corpus to head the Governance Commis Commission for Government-Owned and Controlled Corporations (GCG). In a Facebook post, the Presidential Communications Office confirmed Corpus' appointment, replacing former Sandiganbayan Justice Alex Next page
Marius Corpus