Inflation hits 14-year high of 11.4%
July 3, 2008
Here’s bad news #1: the country’s inflation rate in June 2008 jumped to 11.4% due to surging prices of food and fuel as well as the weakening value of the peso against the dollar.
The figure was above the Bangko Sentral ng Pilipinas (Central Bank of the Philippines)’s forecast range of 10.4-11.2%. It was also the fastest pace in 14 years since May 1994 when inflation was recorded at 11.5%.
Long 12-day holiday during Christmas 2008
April 14, 2008
Did you know that we’re having an almost 2-week long holiday this Christmas 2008?
A combination of special non-working days and the government’s policy of holiday economics — wherein specific holidays are moved to the nearest Mondays — made possible as many as 12 consecutive vacation days this December 2008.
(Pic) Dates of official Philippine holidays in 2008
January 16, 2008
From Official list of Philippine holidays in 2008
