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Inflation eases to 6-month low in June
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Peso drops vs dollar as oil prices climb after OPEC+ fails to reach deal
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Published July 4, 2021, 3:46 PM
The chairman of the House Committee on Good Government and Public Accountability on Sunday, July 4, dared Senator Emmanuel “Manny” Pacquiao to pursue a Senate inquiry into his expose on alleged massive corruption in the government.
But contrary to the view of DIWA Partylist Rep. Michael Y. Aglipay that Pacquiao should initiate the Senate probe, Asst. Minority Leader and Gabriela Partylist Rep. Arlene Brosas is supporting a Lower House probe into Pacquiao’s allegations.
An inquiry into the alleged massive graft and corruption incidences may be assigned to Aglipay’s committee.
“An investigation done by the House regarding the cash aid payouts and transaction fees must be in order, as these issues were swept under the rug during the budget deliberations last year,” Brosas said.
Inflation likely eased, still above goal
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BusinessWorld
July 2, 2021 | 12:34 am
By
Reporter
MANUFACTURING ACTIVITY in the Philippines expanded in June, snapping a two-month losing streak, as demand and production picked up after quarantine restrictions were loosened, IHS Markit said on Thursday.
The Philippine Manufacturing Purchasing Managers’ Index (PMI) rose to 50.8 last month from 49.9 in May, the first time since March that the index breached the 50 neutral mark that separates contraction from expansion.
“Filipino manufacturers signaled a rebound in operating conditions at the end of the second quarter, led by softer declines in output, new orders, and employment, as well as a renewed expansion in pre-production inventories,” IHS Markit said in a statement.