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Aug 07 18, 11:03 am

MoHAP: Patients positive for coronavirus in stable condition

The Ministry of Health and Prevention or MoHAP assured the public today that there is no cause for concern regarding the first case of coronavirus in the UAE. MoHAP confirmed that, in coordination with health authorities and the concerned authorities in the country,...

UAE announces first case of new coronavirus

(WAM) -- The Ministry of Health and Prevention, MoHAP, has announced the first case of new coronavirus in the UAE for members of a family arriving from the Chinese city of Wuhan. In its statement issued on Wednesday, the Ministry added that "the health condition of...

Man in UAE faces trial for trespassing in his own home

The Fujairah Court is now hearing the case of a man for trespassing into his own house. The man has been barned to enter his house due to family disputes. In a report on the Khaleej Times, records showed that the case started when the man had a heated argument with...

NCM issues fog advisory

The National Center of Meteorology (NCM) issued a fog alert over some internal and coastal areas this morning. According to NCM, fog formation will last until 9:00 a.m. today. Orange and yellow warnings are issued in areas in Abu Dhabi. #Alert #NCM...

PH inflation peaks to new over 5-year high in July

by | News

Aug. 07, 18 | 11:03 am

The Philippine Statistics Authority (PSA) on Tuesday, August 7, reported that the inflation rate in the Philippines has hit 5.7 percent in July 2018, recording a new record-high over the last 5 years.

The 5.7 percent inflation in July also breached the rate from last month which was at 5.2 percent and the inflation rate during the same period last year which only hit 2.4 percent.

“The uptrend was mainly due to the 7.1% annual rate recorded in food and non-alcoholic beverages index. Nine out of 11 commodity divisions registered higher annual upticks during the month,” the PSA noted in a statement.

Other sectors that reported price increase include alcoholic beverages and tobacco (21.5%), housing, water, electricity, gas and other fuels (5.6%), transportation (7.9%), and health (3.7%).

Food products such as meat (5.8%), fish (11.4%), vegetables (16%), and sugar and other confectioneries (7.4%) also reported increase in prices.

How will this affect OFWs?

Inflation rate is defined as the sustained increase in the prices of general and common goods and services in a country. While the high peso-dirham exchange remains high at P14.41, as of press time, it means nothing for OFW families if the continuous inflation in the country and uptick in prices would be taken into consideration.

Several lawmakers are already seeking ways to help OFW families with the rising prices of goods in the Philippines.

Earlier, ACTS-OFW Representative Aniceto Bertiz III called for banks to lower remittance charges from the average 10.57 percent transfer charge to 5 percent.

Bertiz said the move can help OFWs save extra money since the rising prices of goods in the country only negates the lower value of peso.

“Reducing the cost of bank remittance services to 5% would mean some $1.5 billion or P80.1 billion in cost-savings and extra money in the pockets of our migrant workers and their families every year,” Bertiz said.

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MoHAP: Patients positive for coronavirus in stable condition

MoHAP: Patients positive for coronavirus in stable condition

The Ministry of Health and Prevention or MoHAP assured the public today that there is no cause for concern regarding the first case of coronavirus in the UAE. MoHAP confirmed that, in coordination with health authorities and the concerned authorities in the country,...

UAE announces first case of new coronavirus

UAE announces first case of new coronavirus

(WAM) -- The Ministry of Health and Prevention, MoHAP, has announced the first case of new coronavirus in the UAE for members of a family arriving from the Chinese city of Wuhan. In its statement issued on Wednesday, the Ministry added that "the health condition of...

Man in UAE faces trial for trespassing in his own home

Man in UAE faces trial for trespassing in his own home

The Fujairah Court is now hearing the case of a man for trespassing into his own house. The man has been barned to enter his house due to family disputes. In a report on the Khaleej Times, records showed that the case started when the man had a heated argument with...

NCM issues fog advisory

NCM issues fog advisory

The National Center of Meteorology (NCM) issued a fog alert over some internal and coastal areas this morning. According to NCM, fog formation will last until 9:00 a.m. today. Orange and yellow warnings are issued in areas in Abu Dhabi. #Alert #NCM...

Novel coronavirus death toll in China climbs to 132

Novel coronavirus death toll in China climbs to 132

The number of deaths caused by the 2019 novel coronavirus or 2019 nCoV has reached 132, China's National Health Commission announced Wednesday. There are 25 new deaths reported in China, particularly from Hubei province which is the center of the coronavirus outbreak,...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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