Inflation Slowed to 0.9 Percent in July
Inflation slowed to 0.9 percent in July, down from 1.4 percent in June. This easing was driven by softer utility expenses and a drop in food prices, which helped temper overall consumer price increases. The inflation rate marked its lowest point since October 2019, falling below the 1.1 percent median forecast given by economists in a recent survey.
Explosions Heard in Palawan Linked to Chinese Rocket Launch
Residents in eastern Palawan reported hearing loud explosions on Monday. The Philippine Coast Guard (PCG) confirmed that these blasts were likely tied to a Chinese rocket launch. Commodore Jay Tarriela, PCG spokesperson for the West Philippine Sea, explained that the five loud explosions matched a public advisory issued earlier about the scheduled rocket launch from China.
President Marcos Names Those Responsible for Failed Flood-Control Projects
President Ferdinand Marcos Jr. revealed that he has identified individuals responsible for the failed flood-control projects that caused widespread flooding in various parts of the country in recent weeks. He shared this information during Part 1 of the third episode of the PBBM Podcast, titled “Sa Likod ng Sona,” which aired on Monday.
He emphasized the need for accountability to prevent similar disasters in the future. Local leaders noted the urgency of improving flood-control infrastructure to protect communities from recurring floods.
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