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The Manila Times

August 2026

Poll: August inflation likely slowed to 6.0%

Domini Velasquezpercent, Chinabank economist
However, we believe the BSP has delivered its final rate cut. Inflation is likely to remain elevated for the rest of the year and could accelerate further in Q4,
Alvin Arogophilippine National Bank economist
Nevertheless, the overall level of consumer price increase remains elevated due to high oil prices and the impact of recent weather disturbances on food commodities,
We expect headline inflation in the Philippines to soften modestly amid lower retail fuel prices,
Going forward, inflation is expected to moderate but remain well above the Bangko Sentral ng Pilipinas’ target range,
Nevertheless, weather-related impact may continue to put pressure on inflation in the second half of the year,
While inflation may remain elevated in the near term, we expect price pressures to gradually ease as supply conditions normalize and the effects of restrictive monetary policy continue to temper demand,

Bargain-hunting lift seen after Friday’s fall

Overall, the chart is also showing the possibility of a brief rebound before another round of bearish moves,
The local market suffered its steepest weekly drop of the year so far last week as confidence towards the Philippine economy weakened further due to growth forecast downgrade by institutions, the BSP’s policy tightening and the further decline of the peso,

'We are standing firm,' Maduro says in photo posts from detention

Maduro and his wife, Cilia Flores, were seized in Caracas during a US military operation in January

Nicolás Maduro Guerravenezuelan President
I am sending these photos as a small gift to all my grandchildren, to the boys and girls, and to all the good people who love us,
We will remain strong, calm and confident: God is with us. God will provide. Venezuela will rise again,
I want you to know that we are standing firm, with our hearts full of your love,

AIA Philippines and BPI AIA rank No. 1 in the Philippines for having the highest combined number of MDRTs

Our people are at the heart of this achievement. Every MDRT qualifier reflects the dedication, professionalism, and commitment to continuous learning that enable them to better serve our customers,

US strikes Iran for first time in a month, Tehran retaliates

Tim Hawkinsnavy Captain
U.S. forces are monitoring the area closely, and remain prepared to protect the free flow of commerce through this essential waterway,
I can confirm that earlier today US forces struck two Iranian launchers on Larak island. Islamic ⁠Revolutionary Guards Corps forces were observed preparing to launch rockets with sea mines into the strait of Hormuz,
Jack Reed (Rhode Island politician)friday, US Senator
Six months later, not a single objective has been achieved,

Marcos leads commemoration of National Heroes Day

Today, I call on every Filipino to do more than remember our brave national heroes. Let us also renew our solemn duty to carry forward the nation for which they fought and sacrificed,
Our forebears won our freedom, defended our dignity, and laid the foundations of the Republic we cherish. We honor them best by embodying their courage, keeping the flame of patriotism alive, and becoming the citizens our country needs,

‘Pilandok’ to intensify into tropical storm — Pagasa

If the storm maintains its movement and direction, it is expected to move outside the Philippine Area of Responsibility on Thursday

‘I’m the happiest man in the world!’ — Tim Cone

I’m extremely happy. Kai (Sotto) just asked me as I was walking in (the press room), ‘Are you the happiest guy in the world?’ I said if we can win these two games, I’ll be the happiest guy in the world,
Gilas Pilipinasthe effort the
Coming out at halftime, we felt we could pull this out. It was a great character game for these guys in both game,
Tim Coneamerican basketball player-coach
I’m lost for words, which is unusual for me,
Iran, especially, and I read something in FIBA (website) yesterday that this is only our third win against them in the last 13 games, and we were able to do it all-Filipino pa,
These are two really high-level national teams,

Norwegians line up at memorials remembering the late King Harald V. Funeral set for Sept 9

Since Harald's death, the royal family and the country have been in an official state of mourning

Haakon, Crown Prince of Norwayking
I am going to miss him. I am going to miss his laughter. I am going to miss his good-natured way to meet people and situations,
This Sunday is different. His Majesty King Harald is dead. A family has lost their spouse, father, grandfather, father-in-law,
Haakon, Crown Prince of Norwayking
That means — in the ultimate sense — being willing to risk everything, even one's life, for Norway's freedom and independence,

Nepal warns of possible fresh flooding as communities grapple with devastation

Flood warning notices were sent to people's phones early Sunday as rescue crews worked to clear a major highway connecting Kathmandu to one of the areas worst hit by Wednesday's catastrophic floods, which killed at least 800 people and left more than 3,000 missing in Nepal and Tibet

Govind Shreshtalocal resident
Sometimes they say a flood is coming, then we have to run again to higher ground, even at night. There is also rain,
Those that are there are now stuck there. Those who are here are stuck here. It’s going to be very difficult,
Despite having only 0.1% contribution to the global emissions, people of Nepal have become major victims of climate change,
Everything is finished. Nothing is left. Not even our home,

P3.713B wasted on 'illegal' Taguig reclamation — Lacson

Panfilo Lacsonfilipino politician and former Philippine Police Chief
WASTED PUBLIC FUNDS DUE TO MISUSE: Based on official records and our investigation, the total cost of identified completed, ongoing (and suspended) DPWH (Department of Public Works and Highways) Flood Control and Multi-Purpose Projects along the ‘illegal’ Laguna Lakeshore Reclamation Areas in Taguig City has so far reached P3.713 billion,
These do not include other anomalous Slope Protection and Flood Mitigation projects along Taguig River involving double appropriations and 'ghost' projects using recycled photographs in different 'completed' projects, for billing purposes,

John Ternus to lead Apple into the age of AI

He leads the engineering teams behind Apple's entire product lineup, including the iPhones that generate most of the company's revenue

There's no reason to fix what's already working,
He knows Apple Park like the back of his pocket in terms of hardware,
Even people that know him now don't know him as a CEO,
Tim Cook left the house in phenomenal order,
Consumers are still buying hardware first, and it's going to be like that for a long time,

Top-ranked Scheffler storms to PGA Tour Championship win

Scheffler started the day three off the pace following Saturday's third round but chipped away at Hovland's advantage before pulling clear down the stretch to clinch the 22nd title of his PGA Tour career, and the $10 million winner's check

Scottie Schefflercourse
Today was a day in which I was fortunate to get off to a good start and then was able to make some birdies to kind of seal the deal,

‘Princess Hours,’ ‘Blue Tower’ actor Lee Yong-joo dies at 44

A close friend announced the actor’s death on social media, describing the news as sudden and difficult to believe

We regretfully inform you that our friend Lee Yong-joo has passed away suddenly. The shocking news is hard to believe. We ask for your warm condolences as he begins his final journey,