On the domestic front

On the domestic front, Pernia urged the authorities to hasten preparations for La Niña, which may start growing in the fourth sector of the yr.

“There is also a want to make sure that prices of utilities which include electricity and water are strong. Existing petitions for upward adjustment in strength costs need to be reviewed comprehensively as it remains an upside danger to inflation costs,” he introduced.

Meanwhile, BPI’s Mapa lauded the superb resilience of the meals subsector no matter the El Niño drought and the onset of the moist months of La Niña.