Multimedia

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.

When ratings agencies give the thumbs-up sign to a sovereign state, it simply means the subject nation is practicing good housekeeping. As in a household, the state is managing its resources efficiently and trying its best to live within its means.