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Inflation slowed to 1.3% in January - BSP SEES RISKS FROM RO!"#$ PO&ER R'$E #IKE

P(ili))ine aily In*uirer +,1 'M Fe/ruary 0t( ,+10

Inflation slowed to 1.3 )erent in January on t(e /a2 of lower utility rates and trans)ort osts as well as sta/le

food )ries.

$(e rate of inrease in )ries of /asi oods at t(e start of t(e year was wit(in t(e Ban2o Sentral n Pili)inas

5BSP6 foreast rane of +.7-1.0 )erent BSP "o8ernor '9ando M. $etano Jr. noted in a te:t 9essae to

re)orters Friday.

January inflation was /elow t(e ,.-)erent year-on-year rise in t(e sa9e 9ont( last year as well as t(e 1.;

)erent )osted last ee9/er.

<$(e slower inflation outturn was )ri9arily due to lower utility rates and trans)ort )ries a9on ot(ers. Our

8iew re9ains to /e t(at 9ont(ly inflation will slowly rise to wit(in t(e taret rane for ,+10 and ,+1=> of ,-

)erent $etano said.

For t(e rest of t(e year u)side ris2s to inflation <ontinue to e9anate fro9 a stroner-t(an-e:)eted El ?i@o

and )otential adAust9ents in eletriity rates i8en )endin )etitions> t(e BSP (ief said.

$etano said t(e BSP was 9onitorin <(ints of e8en slower lo/al rowt( and 9ore 8olatility in finanial and

o99odity 9ar2ets to see if t(e /alane of ris2s is tiltin su( t(at t(ere is need for adAust9ent in )oliy

stane.> $(e Monetary Board will 9eet on $(ursday ne:t wee2 to disuss 9onetary )oliy settins.

Se)arately Eono9i Plannin Seretary E99anuel F. Esuerra also attri/uted t(e lower inflation last 9ont(to <slower )rie adAust9ents in /ot( food and non-food ite9s> w(ile )ries of food )roduts su( as (eese

es fis( fruits 9il2 and 8eeta/les sta/ilied durin t(e )eriod.

<"ood weat(er onditions at t(e onset of ,+10 allowed )ries of t(ese food ite9s to sta/ilie. $(is was an

i9)ro8e9ent fro9 t(e )re8ious 9ont( w(en ty)(oon C?ona4 )us(ed u) )ries due to (a9)ered )rodution

trans)ort and deli8ery of ariultural )roduts in t(e affeted areas> Esuerra w(o is also t(e diretor-eneral

of t(e ?ational Eono9i and e8elo)9ent 'ut(ority said in a state9ent.

 's for non-food ite9s (eadline inflation was )ulled down )ri9arily /y lower oil and trans)ort osts

$rans)ortation reulators i9)le9ented a ;+-enta8o ut in 9ini9u9 Aee) fare to P= last January.

<o9esti )ries of )etrolDasoline li*uefied )etroleu9 as diesel and asolineDontinued to o down. $(is

was still due to )ersistent lo/al o8ersu))ly and reord sto2)ile of rude oil w(i( wea2ened )ries of u/ai

oil Brent and &est $e:as Inter9ediate> Esuerra noted.

#owe8er t(e ?eda (ief warned t(at <for t(e first few 9ont(s of ,+10 ris2 of (i(er food )ries re9ain.>

<&(ile it is noted t(at El ?i@o will radually wea2en /einnin ne:t 9ont( t(e onset of t(e su99er season

9ay onstrain far9 out)ut> (e e:)lained.

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BSP e:)eted to 2ee) )oliy rates un(aned

P(ili))ine aily In*uirer 1,, 'M Fe/ruary 7t( ,+10

$(e Ban2o Sentral n Pili)inas 9ay 2ee) its 2ey interest rates un(aned on $(ursdayDits first 9onetary)oliy 9eetin for t(e yearDas inflation is seen to re9ain /enin an eono9ist fro9 iti/an2 said.In January t(e ountry4s year-on-year inflation rate eased to 1.3 )erent fro9 1.; )erent in ee9/er. It waswit(in t(e BSP4s foreast rane of +.7-1.0 )erent for t(e 9ont(.iti eono9ist Jun $rinidad said t(e te9)orary relief fro9 faster inflation was due to t(e effets of t(e low oil

)ries on enery-related onsu9er )rie inde: 5PI6 ite9s as eletriity as and oo2in fuel osts eased /y;.= )erent year-on-year.#e said ore inflation (ad retreated to 1.7 )erent year-on-year in January 8ersus ,.1 )erent year-on-year inee9/er resultin in a se*uential deline of +.1; )erent 9ont(-on-9ont( ta2in out seasonality fators.ore inflation e:ludes ertain 8olatile food and enery ite9s to /etter a)ture underlyin )rie )ressures.<$(e oil su))ly lut in January i.e. Iranian oil ould (a8e ontri/uted to soot(in ore PI u)ti2s> $rinidadsaid.Oil-ri( Iran (as returned to t(e lo/al oil 9ar2et followin t(e liftin of international santions furt(er wei(indown rude )ries.By t(e seond (alf of ,+10 t(e eono9ist e:)ets t(e ountry4s inflation rate to <nor9alie> to le8els wit(in t(eBSP4s inflation taret rane.

<!)dated 9ont(ly traAetory of (eadline and ore PI flaed an u)turn )ast , )erent year-on-year in t(eseond (alf of ,+10Da /ase-ase )at( t(at assu9es no 9aAor /rea( of oil )ries /elow 3+ )er /arrel laterin t(e year> $rinidad said.iti is foreastin a <s(allow> reo8ery in lo/al oil )ries.It e:)ets ore PI to enounter (i( /ase effet in Fe/ruary and ')ril /ut as it fades t(e traAetory of oreinflation is seen to nor9alie at wit(in t(e rane of ,.,G,.0 )erent year-on-year.$rinidad said t(e e:)eted solid u)ti2 in ore inflation ou)led wit( fadin low /ase effets for enery-/asedPI would allow (eadline inflation to )ro/e 3 )erent year-on-year in t(e t(ird *uarter of t(is year.<'9id fa8ora/le de9and dyna9is (eadline and ore PI outloo2 s(ows nor9aliation in seond (alf of ,+10to wit(in t(e 9id-)oint of BSP4s annual inflation taret rane> $rinidad said.O8erall $rinidad said t(is relief fro9 faster )ae of inflation in January and t(e 9oderate traAetory of inflation

in t(e seond (alf would su))ort an un(aned o8erni(t interest rate and s)eial de)osit aount )oliy rateat t(is wee24s 9onetary )oliy 9eetin of t(e BSP.$(e BSP is taretin inflation to re9ain wit(in t(e , to )erent rane t(is ,+10.

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Oil tu9/les after Saudi-Heneuela tal2s &$I /elow 3+

+=1, 'M Fe/ruary t( ,+10

?E& ORK !nited StatesDrude oil )ries slid lower Monday )us(in !S oil /elow 3+ a /arrel afterwee2end tal2s /etween OPE 2in)in Saudi 'ra/ia and Heneuela das(ed (o)es for a redution in)rodution.

!S /en(9ar2 &est $e:as Inter9ediate for Mar( deli8ery san2 1.,+ 53. )erent6 to ,.0 a /arrel on t(e

?ew or2 Merantile E:(ane.In ondon Brent ?ort( Sea rude for deli8ery in ')ril t(e Euro)ean /en(9ar2 finis(ed at 3,.77 a /arreldown 1.17 53.; )erent6 fro9 Friday.

$(e 9eetin /etween Heneuela and Saudi oil 9inisters a))eared to /e a was(out as Saudi 'ra/ia ontinuedto s(ow unwillinness to su))ort an e9ereny OPE 9eetin on low )ries said $i9 E8ans of iti Futures.

<$(is sets t(e /ar for suess at a/out t(e lowest le8el i9aina/le in our 8iew and lea8es t(e 9ar2et fainonoin )(ysial o8ersu))ly> E8ans said.

OPE t(e 13-nation artel in w(i( Saudi 'ra/ia is t(e /iest )roduer (as refused to ut out)ut as it loo2sto 9aintain 9ar2et s(are in t(e fae of o9)etition fro9 !S s(ale.

In late January s)eulation t(at Russia and OPE ould 9eet to disuss )rodution uts lent s(ort-li8edsu))ort to )ries.

<So far w(at we see are 9eetins wit( no result> said Ja9es &illia9s of &$R" Eono9is. <It4s )ro/a/lyoin to /e 9id-year until we see anyt(in t(at loo2s li2e a /ullis( 9ar2et.>

Ja9es #u(es analyst at traders "KFL noted t(at t(e 9ar2et was in a <(oldin )attern> awaitin su))ly-sidenews.

#u(es noted t(at <3+ will /e an i9)ortant le8el for t(e ne:t few 9ont(s if ontinued falls /elow t(e le8el are9et /y (ea8y /uyin.>

<$(e worry is t(at in8estors are Aust at(in t(eir /reat( until a furt(er 9o8e lower ontinues.>

Use sunscreen urges actor Hugh Jackman after cancer removed – Feb. 9

S?E 'ustralia D 'ustralian 9o8ie star #u( Ja29an (as aain underone treat9ent for s2in anerurin )eo)le $uesday to wear sunsreen and (a8e reular (e2-u)s.

$(e =-year-old first (ad a /asal ell arino9a re9o8ed in ,+13 after (is wife e/orra-ee Furness told (i9to et a 9ar2 on (is nose (e2ed.

#e (as /een treated se8eral ti9es sine.

 <'n e:a9)le of w(at (a))ens w(en you don4t wear sunsreen> (e tweeted alonside a )(oto of (i9self wit(a )laster o8er (is nose.

<Basal ell. Mildest for9 of aner. !SE S!?SREE? PE'SE>

Basal ell arino9a is t(e 9ost o99on for9 of s2in aner and often de8elo)s on )arts of t(e /ody w(i((a8e reei8ed (i( sun e:)osure su( as t(e fae ne2 and s(oulders.

Ja29an 2nown for (is roles in t(e <L-Men> /lo2/usters rew u) in 'ustralia w(i( (as one of t(e (i(estinidenes of s2in aner in t(e world.

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Il Divo to perform live in Manila this pril

n t(e 9odern o)era world t(ere is no ot(er rou) t(at (as /een a/le to ross o8er to a eneral audiene wit(t(e sa9e 8er8e and )owerful sensuality as atin fueo sensations I IHO.

First /rou(t toet(er /y 9usial 8isionary Si9on owell in ,++3 t(e *uartet of !rs Bu(ler Se/astienIa9/ard arlos Marin and a8id Miller (a8e transfor9ed t(e landsa)e of lassial rosso8er wit( o8er 3+9illion al/u9 sales worldwide and are still oin reat uns twel8e years and four (art to))in al/u9s later.

?ow P$ #OME FIBR and P!P IHE &OR /rin t(e P(ili))ines I IHO as t(ey tour t(eir 9u(awaited 'MOR N P'SIO? G an al/u9 full of lo8e and ro9ane G for t(e first ti9e in our ountry in a full arenasettin on 'PRI 0 ,+10 at t(e Mall of 'sia 'rena.

"et ready to /e sedued /y t(e sultry r(yt(9s of S)ain u/a 'rentina and Me:io in a lorious full sale setu) as t(e 'r9ani-lad )(ysi*ues of !rs Se/astien arlos and a8id 9a2e t(e (ouse swoon wit( t(e atinsensuality of t(eir 9usi w(i( is under)inned /y t(e use of S)anis( in e8ery son. It is a8id says t(e)erfet lanuae for I IHO <&(en we started 11 years ao our direti8e was to ta2e t(is (andful of sonsand inAet t(e9 wit( atin (aris9a )assion ro9antiis9. So we too2 t(ese well-2nown sons li2e !n/rea2My #eart and My &ay and we translated t(e9 into S)anis( or Italian.>

Drunk couple hand truck ke!s to 9"!ear"old " abscbn

 ' o9/ination )(oto s(ows Jason Ro/ert Rot( 56 and '9anda Rose Eert in t(ese January 31 ,+10/oo2in )(otos in Pol2 ounty &isonsin S(eriffs e)art9ent released on Fe/ruary 7 ,+10. ReutersPol2ounty S(eriffs e)art9ent

 ' &isonsin ou)le allowed t(eir -year-old dau(ter to dri8e t(e9 and t(eir 11-9ont(-old /a/y /eause t(eywere too drun2 to do so t(e9sel8es aordin to Pol2 ounty iruit ourt reords.

Jason Rot( 30 and '9anda Eert 3, )leaded not uilty at t(e ourt on Friday to (ares of re2lesslyendanerin safety and neletin a (ild aordin to t(e online reords.

On Jan. 31 a s(eriffs de)uty res)onded to a all a/out an errati dri8er and found t(e ou)le and t(eir(ildren )ar2ed at a /oat dro) in Pol2 ounty a/out =; 9iles nort(east of Minnea)olis aordin to a ri9inal

o9)laint.

$(e de)uty arrested t(e ou)le w(en (e learned t(at t(eir -year-old dau(ter was dri8in t(e9 and t(eir /a/y(o9e in t(eir )i2u) tru2 /eause t(ey were /ot( into:iated aordin to t(e o9)laint fro9 t(e ounty)roseutors offie.

Eert also faes se8eral (ares ste99in fro9 a fi(t s(e (ad wit( )ara9edis w(o arri8ed to (el) (er wit(a ut on (er (and suffered w(en s(e was snow9o/ilin earlier in t(e day ourt reords s(owed.

awyers for t(e ou)le were not i99ediately a8aila/le for o99ent.