June’s 11.4% rate exceeds forecast by central bank
Rising food and fuel prices pushed the
country’s inflation to a 14-year high of 11.4 percent in June,
exceeding the forecast by Bangko Sentral ng Pilipinas (BSP) earlier
this week.
The National Statistics Office reported on
Friday that inflation rate surged in June from 2.3 percent during
the same period last year. The agency said last month’s rate was
the highest since May 1994, when inflation was 11.5 percent.
Boxing icon Manny “PacMan” Pacquiao has been chosen to carry the
Philippine flag at the opening parade of next month’s Beijing
Olympics, despite being a professional athlete and unable to fight
in the 2008 Games.
The Securities and Exchange Commission (SEC) has dismissed a
complaint filed against giant utility Manila Electric Co. (Meralco)
for allegedly misstating in its books the interests it had collected
from meter deposits.
LOS ANGELES: An American man who was born a woman before undergoing
gender realignment surgery has given birth to a baby girl, US media
reported Thursday.
Full
Story>>
