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Inflation may exceed target of 4% — BSP

Ating alamin ang pulso ng Bangko Sentral ng Pilipinas pagdating sa usaping pera, kabuhayan at ekonomiya sa mga susunod na araw..

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Inflation may exceed target
Inflation may exceed target of 4% — BSP / Photo from Google

Inflation may exceed target of 4% — BSP.. This is the prediction of the reliable government office based on actual price and economic index..

Here’s the details:

Inflation is expected to quicken to as fast as 5.1% in February amid rising fuel and food prices, Philippine central bank Governor Benjamin E. Diokno said on Friday.

The Bangko Sentral ng Pilipinas (BSP) expects the consumer price index at 4.3% to 5.1%, beyond its 2-4% target this year and faster than 4.2% in January.

“Upward price pressure for the month emanate from the continued uptick in global crude oil prices and elevated fish prices,” Mr. Diokno told reporters in a Viber group message.

below is the Image of meat stall wet market wherein a market vendor attends to his customer at his meat stall in Commonwealth Market.

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Inflation may exceed target of 4% — BSP / Meat stall in Commonwealth Market
Inflation may exceed target of 4% — BSP / Meat stall in Commonwealth Market / Photo from Google

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Inflation is an economic term that refers to an environment of generally rising prices of goods and services within a particular economy. As general prices rise, the purchasing power of consumers decreases. … For example, prices for many consumer goods are double that of 20 years ago.”

Inflation is expected to quicken to as fast as 5.1% in February amid rising fuel and food prices, Philippine central bank Governor Benjamin E. Diokno said on Friday.

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The Bangko Sentral ng Pilipinas (BSP) expects the consumer price index at 4.3% to 5.1%, beyond its 2-4% target this year and faster than 4.2% in January.

“Upward price pressure for the month emanate from the continued uptick in global crude oil prices and elevated fish prices,” Mr. Diokno told reporters in a Viber group message.

Inflation could breach 4% until the third quarter due to supply pressures and base effects, Mr. Diokno separately told a Manila Times forum on Friday.

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BSP OFFICIAL 3 CHANGING LOGOS FOR THE YEARS UP TO PRESENT
BSP OFFICIAL 3 CHANGING LOGOS FOR THE YEARS UP TO PRESENT / PHOTO FROM GOOGLE

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“Inflation is seen to decelerate below the midpoint of the target range by Q4 2021 and Q1 2022 due to negative base effects before settling close to the midpoint by the second half of 2022,” he said.

Inflation is expected to quicken to as fast as 5.1% in February amid rising fuel and food prices, Philippine central bank Governor Benjamin E. Diokno said on Friday.

The Bangko Sentral ng Pilipinas (BSP) expects the consumer price index at 4.3% to 5.1%, beyond its 2-4% target this year and faster than 4.2% in January.

Read Also: BSP new deputy chief to push PH shift to digital money?!

“Upward price pressure for the month emanate from the continued uptick in global crude oil prices and elevated fish prices,” Mr. Diokno told reporters in a Viber group message.

inflation could breach 4% until the third quarter due to supply pressures and base effects, Mr. Diokno separately told a Manila Times forum on Friday.

“Inflation is seen to decelerate below the midpoint of the target range by Q4 2021 and Q1 2022 due to negative base effects before settling close to the midpoint by the second half of 2022,” he said.

Global oil prices have picked up in recent weeks amid supply disruptions caused by extreme weather in the US and as demand gradually recovers.

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Inflation may exceed target of 4% — BSP
Inflation may exceed target of 4% — BSP / Photo from Google

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At home, gasoline, kerosene and diesel prices have increased by P3.05, P2.90 and P3.30 this month, based on data from the Department of Energy.

Meanwhile, the open fishing season and lifting of the fishing ban in some parts of the country are expected to bring down fish prices especially of household staples such as round scad or galunggong.

Mr. Diokno said lower power rates and the temporary price caps on meat products in Metro Manila, as well as stable rice prices could somehow pull inflation this month.

The government imposed a 60-day price ceiling on some pork and chicken products and boosted pork imports to counter soaring prices caused by an African Swine Fever outbreak.

Read Also: Makati police may evidence to re-investigate Dacera case?!

Some vendors have chosen not to sell these products. Data from the Philippine Statistics Authority showed the average wholesale price of regular milled rice slipped by 0.1% to P33.31, while the retail price was down by 0.03% to P36.14.

Manila Electric Co. this month said electricity bills of typical households might fall by P14 in February.

The central bank kept the overnight reverse repurchase, lending and deposit rates at 2%, 2.5%, and 1.5%, respectively on Feb. 11 after inflation quickened to a two-year high last month.

Last year, it slashed rates by 200 basis points. The Monetary Board will hold its next policy-setting meeting on Mar. 25.

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Sharon Dacera and others face multiple counter complaints?!

Look: The 5 individuals accused on Dacera case filed multiple counter complaints against Sharon Dacera et al for ‘shaming, embarrassing and ridiculing’ them..

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Sharon Dacera and others
Sharon Dacera and others face multiple counter complaints?! / CTTO Rappler / ABS CBN / UNTV / Photo from Google

Sharon Dacera and others face multiple counter complaints from the individuals accused on the death of Christine Dacera last New year 2021..

Let’s read the details:

Sharon Dacera, her companions, and some police officers are now facing libel and other complaints filed by 5 individuals accused in the Dacera case. 

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Sharon Dacera and others face multiple counter complaints?!
Sharon Dacera and others face multiple counter complaints?! / Photo from Google

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Rommel Galido, John Pascual dela Serna III, Gregorio de Guzman, Clark Rapinan, and Valentine Rosales filed two sets of complaints before the Makati Prosecutor on Thursday, March 25.

Friends of Christine Dacera were represented by lawyer Mike Santiago.

Santiago reiterated that his clients took “all legal steps to defend themselves and restore their honor and dignity in the community.”

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Press conference sa mga Dacera case suspects.
Press conference sa mga Christine Dacera case suspects / Photo from Google

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Complaints of perjury, libel, cyber libel, slander, malicious prosecution, incriminating innocent persons, and intriguing against honor were filed against Christine’s mom, Sharon, Sharon’s doctor, Marichi Ramos Fong, and Christine’s cousin, Katherine Ann Facelo. 

Dacera family counsel lawyer Roger “Brick” Reyes, Makati police acting chief Colonel Harold Depositar, city police investigation unit chief Captain Danilo Oamil, and investigators Corporal Louie Lopez and Staff Sergeant Jun Alimurong also face the same complaints. 

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This is the sentiment of LGBTQ community to Depositar and a call to understand the SOGIE bill
This is the sentiment of LGBTQ community to Depositar and a call to understand the SOGIE bill / Photo from Google

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The individuals filed complaints against Sharon for “shaming, embarrassing and ridiculing” them by insisting that they drugged and raped her daughter. 

In a separate set of complaints, Sharon, Fong, Facelo, Depositar, Oamil, Lopez, and Alimurong face unlawful arrest, illegal detention, unjust vexation and grave coercion complaints filed by Galido and Dela Serna. 

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Kwento ni PLTCOL Depositar tungkol sa nakuhang statement kay Rommel Galido.
Kwento ni PLTCOL Depositar tungkol sa nakuhang statement kay Rommel Galido / Photo from Google

Christine Dacera was a flight attendant who was found dead in a Makati hotel room on January 1, 2021. Her family insisted she was raped. 

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PLTCOL HAROLD DEPOSITAR SA KAINITAN NG KONTROBERSIYA NG KASO NI CHRSTINE DACERA
PLTCOL HAROLD DEPOSITAR SA KAINITAN NG KONTROBERSIYA NG KASO NI CHRSTINE DACERA / Photo from Google

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Initially, the police took 3 suspects under their custody, and declared the case “solved.” However, the Makati City Prosecutor ordered the release of the 3 detained individuals. 

Ang pagpapalaya sa 3 suspect na nadetain ng walang kaukulang kasong naisampa sa kanila..
Ang pagpapalaya sa 3 suspect na nadetain ng walang kaukulang kasong naisampa sa kanila / Photo from Google

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On March 12, the NBI filed complaints against Dacera’s 9 companions, their lawyer, and the police official who conducted the initial autopsy. 

The 9 face multiple charges such as violation of RA 9165 or the Dangerous Drugs Act, perjury, obstruction of justice, reckless imprudence resulting in homicide, and falsification of an official document by a public officer for Police Major Sarmiento.

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Narito and video ng NBI Press conference

NBI press conference on dacera case after conducting thorough investigation / Ctto abs cbn

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What can you say with this heart throbbing fight between each camp which are having mutual belief that they are aggrieved by each other’s party? Just comment down below for your invaluable thoughts regarding this super hot issue..

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Accused in Dacera case consider filing counter-complaints

Ating tunghayan at subaybayan ang kwentong labanan ng reputasyong niyurakan at sa dalawang magkabilang panig na parehas naniniwalang naagrabyado dahil sa mga malisyosong tapunan ng akusasyon ng dalawang kampo..

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Accused in Dacera case
Accused in Dacera case consider filing counter-complaints? / CTTO Rappler & ABS-CBN / Photo from Google

Accused in Dacera case consider filing counter-complaints? This is a premeditated moved of the respondents in Christine Dacera Case because they believed that they became aggrieved sue to the malicious accusation of Dacera Camp..

Here’s the details..

Lawyers of 5 individuals accused in the Christine Dacera case said on Monday, March 15, that they were studying the possibility of filing counter-complaints against Dacera’s mom and other individuals.

Lawyer Mike Santiago, among the counsels of Gregorio Angelo Rafael de Guzman, Rommel Galido, Jezreel Rapinan, Valentine Rosales and John Pascual dela Serna, said they would file complaints against Sharon Dacera because she insisted the narrative that her daughter was raped by her companions. 

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Christine Dacera: Ang kawawang biktima ng KASUKLAM-SUKLAM NA DROGA kaya namahinga ng maaga!
Christine Dacera: Ang kawawang biktima ng KASUKLAM-SUKLAM NA DROGA kaya namahinga ng maaga! / Photo from Google

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Santiago added that they would also file complaints against police involved in the case once they were identified. 

“We are also preparing counter charges against the Dacera family for malicious prosecution, incriminating innocent persons, and perjury… They want to make it appear there was rape with homicide yet the NBI already categorically stated no rape occurred and that there was no homicide or accidental killing,” the lawyer said. 

Her also said that his clients suffered too much and lost their livelihood due to the incident

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Press Conference of Family Dacera grieving with the untimely demise of Christine Dacera
Press Conference of Family Dacera grieving with the untimely demise of Christine Dacera / Photo from Google

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“My clients have suffered so much. That’s why they are going after their persecutors for moral damages… They’ve lost their sources of livelihood. They’ve had sleepless nights. It’s been stressful, distressful for them,” he added.

Santiago also lambasted the reckless imprudence resulting in homicide complaint against his clients, Dela Serna, Rapinan, and 2 others for allegedly neglecting the condition of Dacera which led to her untimely death.

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Accused in Dacera case consider filing counter-complaints?
Accused in Dacera case consider filing counter-complaints? / Photo from Google

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“We haven’t encountered a case like this where drinking buddies are sued over the death of a drinking buddy,” he said. 

Christine Dacera was a flight attendant who was found dead in a Makati hotel room on January 1, 2021. Her family insisted she was raped.

Initially, the police took 3 suspects under their custody, and declared the case “solved.” 

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Released of the respondents after their awful detention
Released of the respondents after their awful detention / Photo from Google

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However, the Makati City Prosecutor ordered the release of the 3 detained individuals. 

The PNP Crime Laboratory found traces of party drugs in the crime scene. It also conducted an autopsy on Dacera’s cadaver and found abrasions in her genitalia. In the latest autopsy report of the National Bureau of Investigation, it agreed with the findings on the party drugs, but argued that there were no abrasions in Dacera’s private parts.

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Let’s hear the report in this video

after the nbi press conference the family were happy of the results conducted by nbi
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NBI complaints

On Friday, March 12, the NBI filed complaints against 9 companions of Christine Dacera, their lawyer, and the police official who conducted the initial autopsy. 

According to NBI, those charged were Mark Anthony Rosales, Romel Galido, John Pascual dela Serna III, Darwin Joseph Macalla, Gregorio Angelo Rafael de Guzman, Jezreel Rapinan, Alain Chen, Reymar Englis, lawyer Neptali Maroto, Louie de Lima, and Police Major Michael Nick Sarmiento. 

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Let’s hear the NBI report in this video..

Nbi press conference about the finished investigation report of dacera case

The 9 face multiple charges such as violation of RA 9165 or the Dangerous Drugs Act, perjury, obstruction of justice,  reckless imprudence resulting in homicide, and falsification of an official document by a public officer for Police Major Sarmiento.

Read Also: Christine Dacera Movie? Sharon, Meeting Sa Film Producer?

What can you say with this heart throbbing fight between each camp on mutual belief that they are aggrieved by both party? Just comment down below for your invaluable opinion regarding this issue..

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BSP new deputy chief to push PH shift to digital money?!

Tunghayan natin ang mahalagang kwentong paparating na malaking pagbabago sa paraan ng pananalapi at nang hindi basta maapektuhan ang ating mga puso kundi tayo’y lubusang mag adopt sa lahat ng kailangang i-adjust sa ating lipunan..

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BSP new deputy chief
BSP new deputy chief to push PH shift to digital money?! / Photo from Google

BSP new deputy chief to push PH shift to digital money?! This is to confirm of the ongoing movement of BSP of shifting our current monetary system into digital enhancements..

Here’s the specific details:

The Bangko Sentral ng Pilipinas (BSP) recently established a new department tasked with managing the interplay of physical currency and digital money, as the regulator continues to push the country toward the goal of having a “cash-lite” economy in a little over two years’ time.

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BSP Old LOGO
BSP Old LOGO / Photo from Google

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Called the Payments and Currency Management Sector, the new unit will be headed by newly appointed Deputy Governor Mamerto Tangonan who recently joined the central bank with a background in digital and inclusive finance services.

“[The new sector] is tasked to maintain the safety and integrity of the local currency and to ensure well-functioning payments and cash ecosystem that supports sustained and inclusive economic growth,” BSP Governor Benjamin Diokno said.

“This is aligned with the BSP’s Digital Payments Transformation Roadmap which aims to achieve efficient, safe, and inclusive payments ecosystems,” he added during an online briefing on Wednesday afternoon.

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BSP new deputy chief to push PH shift to digital money?! / BSP New LOGO
BSP new deputy chief to push PH shift to digital money?! / BSP New LOGO / Photo from Google

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The new sector, which consolidates existing currency and payment management units, is responsible for producing banknotes, coins, and securities documents; refining gold; and printing cards for the national ID.

It is also in charge of anti-counterfeiting operations; currency forecasting; currency retirement; and the servicing of bank deposits and withdrawals in the greater Manila area. Cash operations in the regions will continue to be performed by regional offices and branches.

The new department will also handle the licensing and supervision of payment system operators; formulation of strategies and policies for currency and payments systems, including the digital payments transformation and currency forecasting; operations of the Philippine Payment and Settlement System; and administration of the digital Personal Equity Retirement Account.

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BSP new deputy chief to push PH shift to digital money?!
BSP new deputy chief to push PH shift to digital money?! Photo from Google


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The new deputy governor brings with him over 28 years of experience in digital and traditional financial services, telecommunications, technology, financial inclusion, and consulting services.

Immediately before joining BSP, Tangonan led a six-year USAID-funded program on the E-PESO project aimed at accelerating the shift of the Philippine economy from cash to digital payments.

In this capacity, he spearheaded a team in providing technical assistance to the BSP in the policy formulation and implementation of the National Retail Payments System.

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BSP Old LOGO
BSP Old LOGO / Photo from Google

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He also served as general manager of Indonesia-based PT Smart Telecom; director of Globe Telecom Inc. where he handled the project management of G-Cash mobile banking project for rural banks; and first vice president of ING Life Insurance Co. (Phils.), Inc.

Tangonan received his bachelor’s degree in civil engineering from the University of the Philippines and his executive MBA from the Asian Institute of Management.

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Anong masasabi nyo sa very futuristic move ng ating mapagkakatiwalaan ahensya ng pananalapi? Just comment down below for your invaluable thoughts regarding this fascinating issue..

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