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MANILA, Philippines — Despite a law requiring low-income students to be prioritized in education subsidies, the number of government scholars drawn from the “poorest of the poor” have been dwindling since 2018, a senator pointed out on Monday.
THE World Bank has cut its 2023 growth forecast for the Philippines to 5.6 percent from 6.0 percent, citing persistent high inflation, stringent financial conditions, and a challenging global environment.
MANILA, Philippines — Caritas Manila, the social services arm of the Archdiocese of Manila, boasts a total of 1,589 graduates for school year 2022-2023 under its Youth Servant Leadership and Education Program (YSLEP).
Headline inflation continued to slow down for the fourth consecutive month in May 2023 to 6.1 percent from the 6.6 percent in April. The May inflation rate is within the Bangko Sentral ng Pilipinas (BSP)’s forecast range of 5.8 to 6.6 percent and equal to private analysts’ median estimate of 6.1 percent.
The country’s headline inflation rate slid to 4.7 percent in July 2023, marking the sixth consecutive month of deceleration. This is within the month-ahead forecast range of the Bangko Sentral ng Pilipinas (BSP) of 4.1 to 4.9 percent.
Headline inflation eased for the fifth consecutive month in June 2023 to 5.4 percent, down from 6.1 percent in May and at its lowest level since the 5.4 percent recorded in May 2022. The June inflation rate is within the 5.3 to 6.1 percent forecast range of the Bangko Sentral ng Pilipinas (BSP) and settled below the median estimate of 5.5 percent by private analysts.
The global wave of responsible consumption, heightened by the pandemic experience that has radically changed our way of life, has already reached Filipino consciousness. More Pinoy consumers are becoming conscious about their personal carbon footprints, and are very meticulous with purchases to ensure that the products they use are not environmentally harmful. In 2015, the Philippines was cited to be the third largest contributor to ocean plastic, with a yearly average of 0.75 million metric tons of plastic waste ending up in oceans and waterways. Multiple studies in the country also point to waste from plastic packaging as an overwhelming contributor to both carbon emissions and actual plastic waste, with recyclables making up 30% of waste in the Philippines. These conditions strengthen the need for across-the-industry collaborative efforts to improve our environmental situation and ecological consciousness.
MANILA, Philippines — The ransomware attack on the system of the Philippine Health Insurance Corp. (PhilHealth) has not affected the servers containing its members’ private information, the state health insurer said Monday.