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After the latest round of jeepney fare and power rate increases, prices of basic commodities are up next. The president's economic managers say these effects are temporary. But some economists say prices will even go higher and will reach their peak in the third quarter of the year.

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The country's economic managers are expecting that prices of goods will rise at a rate faster that their target for the year. They are now hiking their 2018 inflation forecast within 4 to 4.5 percent from the usual 2 to 4 percent. Despite this, they are still optimistic inflation will cool down a bit in the coming months and next year.

This means prices of goods are rising faster than expected.

The Philippines commissions two new aircraft from Indonesia as part of the modernization program of the AFP.

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The Philippine National Police (PNP) is ready to face any possible probe by Congress on their policy of cracking down on 'tambays.'

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Workers at NutriAsia again protested in its factory in Bulacan. They are fighting to be reinstated. But NutriAsia says its contractor B-Mirk Group is not a fly-by-night company.

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