MANILA – Inflation in the Philippines rose to 3.2 percent in November from 2.7 percent the previous month due to increases in the prices of food and fuel, the National Statistics Office said yesterday.

Consumer prices in November were up 0.6 percent from the previous month, against a 0.2 percent rise in October, the NSO said.

For the January to November period, inflation averaged 2.7 percent, still within government's target of 4.0 to 5.0 percent for the whole year.

Follow fishing ban,
BFAR appeals

The four-month fishing ban in the Visayan Sea is not a total ban on fishing activities within the area but only on the three species going through a spawning period.

This was clarified by provincial director-OIC Carlito Delfin of the Bureau of Fisheries and Aquatic Resources-Negros Occidental in a press statement after questions were raised on the enforcement of Fisheries Administrative Order 167 which prohibits fishing activities from November 15, 2007 to March 15, 2008 within a major part of the Visayan Sea for the protection and conservation of sardines, mackerel and herrings.

Queenbank to
inaugurate new branch

The Queen City Development Bank will hold the blessing of its second branch situated at the CBS Development Corp. Building in Lacson St. , Mandalagan in Bacolod City at 6:30 p.m. tomorrow.

Queenbank, now on its 26 th year, is headed by Ilonggo business tycoon Rogelio Florete as chairman and president.

Its head office is located at the Sky City Tower in Mapa Street , Iloilo City, where it has also two other branches.

In Bacolod , its first branch is in San Juan Street. *

back to top