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Philippines May inflation remains low at 2.4%

MANILA — Headline inflation in May slightly rose to 2.4 percent from 2.3 percent in April, bringing the average inflation for the first five months of the year to 2.7 percent. The May inflation was within the 2.1-2.8 percent forecast range of Bangko Sentral ng Pilipinas (BSP) and was substantially lower than the 6.9 percent inflation rate posted a year ago. The minimal increase in inflation was mainly attributable to the uptick in the prices of fuel, light, and water to 4.0 percent from 2.2 percent in April. Month-on-month, inflation went up by 0.3 percent following the 0.2 percent increase in April. Meanwhile, core inflation, which excludes volatile food and energy items, remained steady at 2.6 percent for the third consecutive month.
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Strong economy to continue if Philippines moves as one

MANILA — Malacanang said today that the strong surge of the peso and the stock market will continue as long as the nation moves as one.

Press Secretary and Presidential Spokesman Ignacio R. Bunye said that the seven-year high registered by the peso yesterday and the soaring stock market index augur well for the economy.
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Philippines underscores importance of education in alleviating poverty

MANILA — Press Secretary and Presidential Spokesperson Ignacio R. Bunye underscored today the importance of providing Filipino students with quality but affordable education as a way of alleviating poverty in the country.
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Child advocates decry CHR decision on Grecil

They're urging for independent autopsy of Grecil's remains, particularly since there were traces of powder burns on the child's head -- an indication that she may have been shot at close range, the groups said.

The CHR, according to Kabiba, is ?passing the burden of proof to the victim and is trying to vindicate human-rights violators.? It added that the CHR?s conclusion -- that Grecil died in a crossfire during a legitimate encounter -- "is actually inconclusive because the CHR did not actually employ scientific and defensible probing methods like the conduct of autopsy.?


Lack of Merit? Grecil's parents, shown here during a press conference in Manila in April, have also filed charges against the soldiers before the courts and the ombudsman. (Photo by arkibongbayan.org)

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