Inflation downtrend continues at 1.7% in August 2019

Aileen Cerrudo   •   September 5, 2019   •   2098

The inflation rate in the Philippines continued to decline at 1.7% in August 2019, according to the Philippine Statistics Authority (PSA).

The August 2019 rate is lower compared with the 2.4% inflation rate in June. This is also the lowest rate since October 2016 (1.8%).

According to National Statistician Dennis Mapa, the inflation downtrend is due to the slow increase of food prices, including non-alcoholic beverages.

He also said that the low fuel and rice prices also decreased since the implementation of the rice tariffication law.

Meanwhile, the Bangko Sentral ng Pilipinas (BSP) estimates that the inflation rate will continue to go lower this September.

“The latest inflation outturn is consistent with the Bangko Sentral ng Pilipinas’ prevailing assessment that it will continue to decelerate in the third quarter of 2019 and picky up slightly in the fourth quarter,” according to BSP Governor Benjamin Diokno in a statement.—AAC (with reports from Harlene Delgado)

COVID-19 among leading causes of death in PHL in 2021 – PSA

Robie de Guzman   •   January 17, 2022

The novel coronavirus disease (COVID-19) was among the top three causes of death in the Philippines in 2021, according to data released by the Philippine Statistics Authority (PSA) on Monday.

The PSA said that from January to October 2021, the leading causes of death in the country were ischaemic heart diseases, cerebrovascular diseases, and deaths due to COVID-19.

The agency said that during this period, ischaemic heart diseases were the top cause of death with 110,332 cases or 18.3 percent of the total deaths in the country.

“This indicated an increase of about 28.0 percent from the 86,164 deaths or 16.9 percent of the total deaths in the same period of 2020,” it added.

The second top cause of death were cerebrovascular diseases with 58,880 deaths (9.7% share of the total) during the said period.

The PSA said this is 10.9 percent higher than the 53,082 cases recorded in the same period in 2020.

Deaths due to COVID-19 with virus identified was ranked as the third leading cause which accounted for 51,514 deaths (8.5% share), rising from rank 15 with 7,357 deaths (1.4% share) in the same period of 2020.

The PSA, however, noted that it separated COVID-19 cases under two classifications — COVID-19 with virus identified and COVID-19 virus not identified. Both were included in the top 10 leading causes of death in the country.

Registered deaths due to COVID-19 with virus not identified accounted for 23,771 or 3.9 percent of the total deaths from January to October 2021, making it the 8th leading cause of death.

Registered deaths due to COVID-19 accounted for a total of 75,285 deaths or 12.5 percent of the total registered deaths from January to October 2021.

 

Figure 1. All Causes of Mortality (Top 20), Philippines, January to October, 2020 and 2021

The PSA said that the National Capital Region (NCR) registered the highest number of deaths due to COVID-19 with 18,044 or 24.0 percent of the total COVID-19 deaths from January to October 2021.

CALABARZON ranked second with 16,630 deaths or 22.1%, while Central Luzon came in third with 14,252 deaths (18.9%).

Figure 3. COVID-19 Deaths in NCR Jan to Oct 2021

Other top leading causes of death in the country are neoplasms or cancer with 48,937 recorded cases from January to October 2021, and diabetes mellitus with 38,584 cases, the PSA said.

Bangko Sentral warns public vs printing of images of PH banknotes

Robie de Guzman   •   January 12, 2022

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Wednesday reminded the public that printing images bearing the likeness of Philippine banknotes is prohibited and may result in legal action.

The BSP issued the reminder after the National Bureau of Investigation, together with the BSP Payments and Currency Investigation Group (PCIG), arrested an individual suspected of selling money or cash envelopes using the image and design of the 1000-Piso New Generation Currency banknote.

Pursuant to BSP Circular No. 829, Series of 2014, the central bank said that the act of reproducing the image of any legal tender Philippine currency banknotes, or any part of one, whether in black and white, in color, or combination of colors, without authority or approval from the BSP, is subject to imprisonment of five to 10 years.

“The public may be allowed to reproduce images of Philippine banknotes if authorization or approval from the BSP has been secured for educational, historical, numismatic, newsworthy, or other relevant purposes that will maintain, promote, or enhance the integrity and dignity of the Philippine currency,” it said.

The public may request approval from the BSP to print or reproduce images of Philippine banknotes through the PCIG at email address pcig@bsp.gov.ph, it added.

BSP assures public access to banking services under Alert Level 3

Robie de Guzman   •   January 7, 2022

The Bangko Sentral ng Pilipinas (BSP) on Friday assured that the public will continue to have access to banking services amid the implementation of the COVID-19 Alert Level 3.

The BSP made the assurance after the Inter-Agency Task Force for the Management of Emerging Infectious Diseases placed the following areas under Alert Level 3 due to the rising cases of COVID-19:

  • Metro Manila
  • Cavite
  • Rizal
  • Bulacan
  • Laguna
  • Baguio City
  • Dagupan City
  • City of Santiago
  • Cagayan
  • Angeles City
  • Bataan
  • Olongapo City
  • Pampanga
  • Zambales
  • Batangas
  • Lucena City
  • Naga City
  • Iloilo City
  • Lapu-lapu City

The alert level designation is effective until January 15.

The central bank also assured that its key services such as open market operations, PhilPaSS settlements, and servicing of cash withdrawals remain unhampered.

It likewise encouraged the public to use e-banking and digital payment services for safer and more efficient financial transactions.

The central bank further reiterates its directive to BSP-supervised financial institutions to “strictly observe minimum health protocols to safeguard the safety and well-being of bank personnel and customers.”

The BSP assured that it continues to implement strict COVID-19 measures in all BSP offices, including the vaccination of employees; regular sanitization of its premises; regular health screening through thermal scanning and submission of health declaration forms both for BSP employees and visitors; enhanced detection and contact tracing through regular testing; provision of comprehensive medical assistance; adoption of alternative work arrangements in keeping with IATF guidelines; and a sustained information campaign on protecting oneself from the virus.

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