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Paula-gantConor-madiganUs-department-of-energyRd-centerAether-fuels(File photo) MANILA - The Duterte administration would redouble its efforts to tame the rapid increase in consumer prices, Malacanang assured the public on Tuesday. This, after the Philippine Statistics Authority (PSA) reported that the country's headline inflation rose to 4 percent in March. In a press statement, Communications Secretary Martin Andanar, also acting presidential spokesperson, acknowledged that the inflation quickened in March because of the "upward trend in transport, gas, other fuels, among others." Andanar, nevertheless, said the government would not let its guard down, noting that it continues to monitor the prices of basic commodities. "Our economic managers continue to keep a tight watch over inflation as it hits 4 percent in March 2022," Andanar said. "Having said this, we will not relax in our efforts and will work twice as hard to address the national issue of higher prices." The March's 4-percent inflation rate is faster than the 3 percent recorded in January and February, National Statistician Undersecretary Dennis Mapa said in a press conference. Mapa said food and non-alcoholic beverages; housing, water, electricity, gas, and other fuels; and transport are the main contributors to the faster inflation in March. Average inflation for January to March 2022 settled at 3.4 percent, Mapa said. The latest headline inflation is within the Bangko Sentral ng Pilipinas (BSP)' forecast of 3.3 to 4.1 percent. The BSP projected a rise in domestic inflation rate for March 2022 due to an uptick in oil prices. It also adjusted its average inflation projection to 4.3 percent from 3.7 percent for 2022 and to 3.6 percent from 3.3 percent for 2023. (PNA) }
ManilaPhilippinesPhilippineBenguetMalacanangAntiqueBangko-sentralMartin-andanarNational-statistician-undersecretary-dennis-mapaPhilippine-statistics-authorityCommunications-secretary-martin-andanarIle-photo-manila-the-duterte-administration-would-redouble-its-efforts-to-tame-rapid-increase-in-consumer-pricesMI Launches 'Methanol Fuel in China' Report BEIJING, CHINA, May 10, 2021 /EINPresswire.com/ -- The Methanol Institute (MI) will be organizing a webinar to launch a new report titled Methanol Fuel in China on May 17, 2021, 9.00 a.m. (ET). The report provides a first-of-its-kind look at China’s use of methanol as a fuel for cars, trucks, industrial boilers, cook stoves, kilns, and residential heating. The Methanol Fuel in China report was the outcome of a collaborative effort between MI, Methanex, and China Association of Alcohol and Ether Fuels and Automobiles (CAAEFA) to shed light on the intricacies of the methanol fuel market in China which has to date remained largely opaque to observers.
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