MANILA – The Bangko Sentral ng Pilipinas is confident of manageable inflation in the coming months after the December 2011 level further decelerated to four percent over month-ago’s 4.7 percent, a government press release said.
Rate of price increases last December was at the lowest end of central bank’s four to 4.9 percent projection for the month bringing the average for the 12-month period to 4.4 percent, within the government’s three to five percent target.
A year-ago, the inflation rate was, however, lower at 3.1 percent.
DA to spend P61.7B to attain
food staple sufficiency by 2013
MANILA -- With an increased budget this year, the Department of Agriculture will vigorously pursue initiatives to attain sufficiency in major staples by 2013 that include rice, white corn, cassava, and other basic commodities.
In his 2011 year-end report, Agriculture Secretary Proceso Alcala said a big chunk of the DA’s 2012 budget of P61.73 billion will be spent to implement the Food Staples Sufficiency Program, which is the centerpiece program of the Aquino administration.
An important feature of the FSSP is the frontloading of investments, particularly on infrastructure like irrigation, farm-to-market roads, and postharvest facilities.
DOLE to release
P7M for employment
Labor and Employment Secretary Rosalinda Baldoz yesterday ordered the DOLE’s Financial Management Service to release an additional P7 million for the DOLE office in Region 10, a press release from the agency said.
This is to speed up the recovery of workers who suffered from the floods in the cities of Cagayan de Oro and Iligan brought by Typhoon Sendong last month, the press release said.
The amount is in addition to the P10 million in emergency employment assistance funds already released to the regional office for those affected by the flash floods.