OPINION | Ten trends in inflation, PPP, employment, cancer treatment and energy By Bienvenido S. Oplas, Jr. READ:
My Cup Of LibertyLast week, several important pieces of news and events came out. I am summarizing them here.. The Philippine Statistics Authority released the January inflation data last week, and the number is indeed bad. But last year, Thailand and Singapore also experienced inflation at 14-year highs, South Korea hit a 24-years high, Japan has a 41-year high.
Last year among the ASEAN-6, the Philippines had the third highest inflation rate next to Thailand and Singapore. And when it came to the unemployment rate, the Philippines had the second highest as of September 2022 next to Indonesia. But the good thing is that Philippines unemployment shows a consistent decline .On Feb. 8, the inaugural Ruperto P. Alonzo lecture series was held at the UP School of Economics. The speaker was Cynthia Hernandez, Executive Director of the PPP Center.
It is possible that regular pneumonia deaths were labeled as COVID deaths because reporting of COVID cases and deaths were incentivized via higher PhilHealth coverage and subsidies if the patient was sick or died of COVID than non-COVID causes.Another report inlast week was “More public funds seen needed for cancer care in PHL” . It quotes Dr.
9. The budget this year for “Prevention and Control of Non-Communicable Diseases” like cancer is P2.91 billion.
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