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We just celebrated the 125th anniversary of Philippine Independence. Actually, the National Historical Commission of the Philippines (NHCP) has decided to organize a multi-year commemoration to celebrate our independence and our nationhood from 2023 to 2026. The idea is to highlight not just one event but a multitude of “events and realities that gave birth to the Filipino nation from the proclamation of Philippine Independence on June 12, 1898 in Kawit, Cavite, up to the end of the First Philippine Republic on March 23, 1901 in Palanan, Isabela.”

The inflation rate to a certain degree is predictable. Prices as measured by the consumer price index readily go up in times of a supply shock, as in the case of a turbulent global oil price market. They also spike seasonally—or when prices of commodities such as rice and vegetables increase on lean harvests because of adverse climate like typhoons that destroy crops and disrupt the supply chain.

I applaud the Senate for passing the Maharlika Investment Fund bill on third and final reading during the last day of May which was also its last session day before it took a break. The House of Representatives have decided to adopt the Senate version of the bill so as of press time it is just waiting for the President’s signature.