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Gilas Pilipinas out to sweep Thailand in Manama window

By Michael Angelo S. Murillo, Senior Reporter

DOMINANT in its first outing in the November window of the 2021 International Basketball Association (FIBA) Asia Cup Qualifiers, Gilas Pilipinas looks to complete a sweep of Thailand when the teams collide on Monday in Manama, Bahrain.

Opened its bid with a resounding 93-61 victory on Friday, the youth-laden Gilas crew is out to blank the Thais in their two-game series and keep its record in the qualifiers intact.

Ateneo recruit Dwight Ramos led the charge for the Philippines in the first game, finishing with 20 points on a perfect seven-of-seven shooting, to go along with seven rebounds, three assists and three steals.

It was a tight contest in the opening quarter, with the Philippines up by just two points, 21-19.

But Jong Uichico-coached Gilas blew the game wide open after by outscoring the Thais, 32-10, in the second canto and never looked back from there.

Justine Baltazar of La Salle and Juan Gomez de Liano of the University of the Philippines (UP) tallied 12 points apiece for Gilas.

University of the East’s Rey Suerte and UP’s Javi Gomez de Liano, meanwhile, each had nine markers.

For Thailand, which played sans star Tyler Lamb, it was Montien Womgsawangtham who showed the way with 17 points, followed by Nakorn Jaisanuk with 12.

The win pushed the Philippines (2-0) to a share of the lead in Group A of the qualifiers with Korea (2-0) while Thailand, which also lost to Indonesia (1-2), 90-76, on Saturday, now sports a 0-3 record.   

“This is a good opportunity to showcase what our young players can do, but we are out to compete and win,” said the Samahang Basketbol ng Pilipinas of its decision to field in a team composed of amateur and collegiate stars in the lead-up to the November window of the Asia Cup qualifiers.

Also part of the Gilas team are Matt and Mike Nieto, Isaac Go, Will Navarro, Calvin Oftana, Kenmark Carino, Dave Ildefonso, Jaydee Tungcab, and Kobe Paras.

In the qualifiers, only the top two teams from the groups advance to the 2021 FIBA Asia Cup in August.

Gilas versus Thailand will be broadcast live over One Sports and ONE Sports+ at 9 p.m. (Manila time).

Al Panlilio looks to do more for athletes now as a POC official

ALREADY wearing a number of hats in the corporate and sports worlds, PLDT Chief Revenue Officer and Smart Communications, Inc. President and Chief Executive Officer Alfredo S. Panlilio added another one — first vice-president of the Philippine Olympic Committee (POC).

It is a new role that Mr. Panlilio, also the president of the Samahang Basketbol ng Pilipinas, Inc. (SBP), shared is going to be a challenge but something he is looking forward to taking on as it would allow him to do more for Filipino athletes.

Mr. Panlilio was voted into the POC position in elections held on Friday.

Also winning were Stephen Hontiveros (chairman), Abraham Tolentino (president), Richard Gomez (second vice-president), Chito Loyzaga (auditor), Cynthia Carrion-Norton (treasurer), David Carter, Raul Canlas, Charlie Ho, and Pearl Managuelod (executive board members).

The PLDT-Smart official ran under the ticket of Mr. Tolentino and beat Philip Ella Juico of athletics for the first vice-president position, 30-23. He will begin his four-year POC term on Jan. 1, 2021.

“We are here to serve and not be served. We want to serve, especially the athletes,” said Mr. Panlilio following his election win.

He went on to say that part of their mission in the POC is to make it a stronger organization, anchored only on the best values and practices, something he said they strive for in PLDT and Smart as well as in the SBP.

“We want to bring professionalism, accountability, and good governance to the table. We want to put in the proper policies for the athletes and the people who represent our country in the field of sports,” he said.

Mr. Panlilio also shared that he does not see working in the POC as too much of a burden, underscoring the value of teamwork to get things done and achieve goals.

“Well, I have to manage my time well for sure. But working with good teams would be very helpful. You cannot do it alone,” he said.

“That’s true for the SBP. That’s true for PLDT and Smart. I’m also part of the NGAP (National Golf Association of the Philippines). We have to work together. At the end of the day, this (POC) team will have to perform together like in any sport. We have to excel and work to achieve progress,” added Mr. Panlilio. — Michael Angelo S. Murillo

NBA sets preseason schedule

THE National Basketball Association (NBA) set in place a 49-game preseason schedule on Friday, with practice games taking place Dec. 11-19 in advance of the Dec. 22 start to the regular season.

Each team will play at least two preseason games, with the NBA champion Los Angeles Lakers playing four times before the delayed regular season gets underway just before Christmas.

Five games are scheduled for the Dec. 11 opening night of preseason games, highlighted by a matchup between the Lakers and Los Angeles Clippers. The rivals, who each play at the Staples Center, will play each other two times. The Lakers also will play the Phoenix Suns twice.

The Toronto Raptors will play three preseason games, including a home game at Amalie Arena in Tampa, FL. The Raptors will begin the regular season with home games at Tampa after the Canadian government ruled that the team would not be able to host opponents in its own arena.

Each team will play 72 regular-season games in 2020-21, 10 shy of a typical season.

The NBA will release the regular-season schedule in two segments. The schedule for the first half of the season is expected to be released in the coming days. A second-half schedule will be released later and includes any first-half games that had to be postponed because of COVID-19 concerns. — Reuters

PBA grateful to stakeholders in making bubble a success

THE Philippine Basketball Association (PBA) tournament “bubble” at Clark City in Angeles, Pampanga, is now in its homestretch and has proven to be a success, something the league is very grateful for, giving credit to the cooperation of stakeholders, particularly the players and coaches.

From a full complement of 12 teams in the restart in October, competition in the PBA Philippine Cup is now down to two teams, with the Barangay Ginebra San Miguel Kings and the TNT Tropang Giga getting their best-of-seven finals series going later on Sunday.

The finals series is the culmination of the PBA wanting to squeeze in at least a conference in its coronavirus pandemic-hit season, going the bubble way where it had all tournament participants holed up in a specific area for a duration of time.

This is to allow them to have a close contact in a very defined and exclusive setup to guard against the spread of the coronavirus and operate with less disruption.

While the bubble had its hiccups, especially in the early goings, including a player and a referee initially testing positive for the virus, the PBA has managed to overcome them and has seen its vision for the bubble, by and large, fulfilled.

“Yes. I’m satisfied [with the way the bubble has turned out],” said PBA Commissioner Willie Marcial on the Power & Play with Noli Eala radio program on Saturday.

“I give credit to the players for giving their all during the games and cooperating. They are not holding back on their play. And the coaches, who did not complain about the scheduling where we had them playing almost every day,” said the PBA chief.

He also threw praises to the management and staff of the Clark Development Corp. and the Bases Conversion and Development Authority for hosting them and guiding the league, especially when it hit a rough patch.

“We are lucky we are in Clark. The security is strict to ensure the integrity of the bubble. They have put up good protocols for us to follow. We initially had hiccups with the early positive cases, but with the help of the CDC and BCDA, we were able to deal with them accordingly. And we’re happy to report that there have been no positive cases since then,” Mr Marcial added.

The PBA decided to suspend its 45th season in March as the coronavirus started to make its presence felt in the country.

On Oct. 11, the league started with its bubble, with the Angeles University Foundation Sports Arena serving as the official game venue and the Quest Plus Hotel inside Mimosa serving as home to the 350-strong PBA delegation. — Michael Angelo S. Murillo

Miami Heat sign Bam Adebayo to mega deal, also ink Udonis Haslem

THE Miami Heat reached deals Saturday with two players from their National Basketball Association (NBA) Finals squad, signing center/forward Bam Adebayo to the richest deal in franchise history, while also coming to terms on a one-year deal with veteran forward Udonis Haslem.

Adebayo, 23, officially agreed to a five-year, $163 million deal with escalator clauses that could take it has high as $195 million, multiple outlets reported. Escalators include earning a spot on the All-NBA team, or earning an MVP or defensive player of the year in the upcoming season.

The deal tops the previous high when Jimmy Butler signed a $141 million pact with the team.

Adebayo will make $5.1 million in the upcoming season on the final year of his rookie deal before his season-salary jumps north of $28 million for the 2021-22 season.

Adebayo had a breakout 2019-20 season when he averaged 15.9 points with 10.2 rebounds and 5.1 assists. He was even better in the playoffs with 17.8 points and 10.3 rebounds, while adding 4.4 assists in 19 of the team’s 21 playoff games.

The Heat fell just short of an NBA title this past season, losing to the Los Angeles Lakers during a six-game Finals series.

Miami re-signed Haslem to a $2.6 million veteran minimum deal, according to the Miami Herald. The deal means the 40-year-old will return for his 18th season, all of them with the Heat. — Reuters

Silly-season event

As a silly-season event, The Match: Champions for Charity could not have been more successful. First, it had as participants crossover stars, and arguably the four biggest, from two sports. Second, it had a format that lent well to remote appreciation; with the novel coronavirus pandemic still requiring quarantine protocols that prevented spectators to be on site, it provided ample opportunity for spectacular golf, not to mention friendly ribbing. And, third, it had a good cause; it wound up raising a whopping $20 million to fund COVID-19 relief efforts.

The Match: Champions for Charity ended up generating the highest ratings in cable recession history. And because it managed to exceed already oversized expectations, plans were naturally drawn up for a third iteration. There was one problem, however. The very factors that turned it into a certified hit likewise served to make it untenable for its biggest draw. Indeed, Tiger Woods proved, at best, to be a grudging party to the endless ribbing among the competitors. Make no mistake; he could dish it out just as well as Phil Mickelson, Tom Brady, and Peyton Manning did. He just didn’t want to in front of the cameras. Moving forward, the producers were left with no choice but to exclude him from plans.

In the absence of the extremely private Woods, The Match III: Champions for Change was green-lit with just about nothing left sacred. That Charles Barkley, whose claim to fame involved a notorious hitch that even weekend hackers did not possess, would be tapped was a masterstroke in counter-programming; what skills he lacked while he was swinging a club, he more than made up for in the times he wasn’t. Meanwhile, Mickelson and Manning remained naturals with cameras and microphones nearby, while newcomer Steph Curry had both the low handicap and affable personality to complete the foursome.

Not that Woods didn’t have any presence at all in the Thanksgiving feature. Six months removed from his starring role in the previous event, he got things going with presents for Barkley; he gave the hoops Hall of Famer a traffic cone, a reflectorized vest, and an airhorn — all for assistance in anticipated trouble. The results, however, showed that The Round Mound of Up and Down needed no such gear. Pride got the better of the temptation for self-deprecation, and tons of practice prior to the exhibition paid off.

Indeed, Barkley would go on to win, thanks in large measure to a great start that more than made up for a shaky finish. He had a perfect partner in Mickelson, whose predisposition to teach, and teach, and teach, served him in good stead, calming his nerves under pressure and becoming his sounding board in serious and funny moments alike. To be sure, it helped his cause that Curry and Manning played well below prognoses and thus tilted the odds in his favor. Looking back, he can hold his head high and say he did better — make that much better — than them.

Granted, Barkley wasn’t perfect. Far from it. He still had shots and shanks that he would have liked to take back. That said, he was shocking steady early on, and then often enough, to acquit himself on the course. He and Mickelson won with plenty to spare, and he left Stone Canyon with a deserved smile on his face. In surviving the heckles from his Inside The NBA co-hosts, he made all and sundry remember that golf is entertainment, too. He also made all and sundry forget about Woods, even for just a while.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

San Francisco sets new curbs, faces ‘dangerous’ period

SAN FRANCISCO was moved to the most restrictive tier by California following a jump in coronavirus cases, prompting a slew of new measures across the city.

“I don’t know how to be more clear — this is the most dangerous time we’ve faced during this pandemic,” said Mayor London Breed.

The new restrictions kicked off Sunday, starting with the closure of movie theaters, gyms, museums, zoos and aquariums, and even houses of worship — a move resisted by Los Angeles on Friday. The capacity at indoor stores, including pharmacies, will be cut by half to 25%.

Outdoor entertainment activities including carousels, ferris wheels, train rides and trampolines will also be shut, though playgrounds, mini-golf, skate parks and batting cages can still operate. Schools that have already opened will be able to stay open. Along with most of the state that faced new restrictions, the 10 p.m. overnight curfew will also start Monday, the city said.

The move is hitting San Francisco just as Thanksgiving kicked off the holiday season, with an expected increase in travel and retail activity. The city also advised its residents against leaving the county and recommended a 14-day quarantine for anyone who has traveled out of the state.

San Francisco county has had over 15,000 coronavirus cases and 160 deaths, much lower than many other parts of California. In all, the state has had over 1.1 million COVID-19 cases and over 19,000 deaths.

A number of California counties were also moved into the most restrictive “purple” tier, including neighboring San Mateo county, where the San Francisco International Airport is located. — Bloomberg

S.Korea mulls stricter social distancing amid virus spike

SEOUL — South Korean authorities will consider tighter social distancing restrictions on Sunday to clamp down on economic activities after last week saw the fastest spread of infections since the early days of the coronavirus disease 2019 (COVID-19) pandemic.

Prime Minister Chung Sye-kyun is to meet with health authority officials at 3 p.m. (0600 GMT) to decide whether virus curbs need to be tightened further to slow transmissions, Yonhap News said.

South Korea reported 450 infections of the new coronavirus on Sunday after reporting more than 500 new coronavirus cases for three days in a row, according to the Korea Disease Control and Prevention Agency.

This third wave marks the highest level of infections in nearly nine months.

South Korea on Tuesday began applying Level 2 social distancing rules, the third-highest in the country’s five-tier system, in greater Seoul area. — Reuters

Managing diabetes: A collaborative and interprofessional effort 

What crucial roles do patients and health professionals play in diabetes management?

With diabetes remaining as one of the leading causes of death among Filipinos, it is vital for patients to have constant access to quality healthcare and information. At the same time, many should be made aware of this chronic disease and of how it can be diagnosed and prevented. 

Achieving these goals requires strong collaboration among patient and their families, health professionals, and government agencies. As highlighted in a recent BusinessWorld Insights online forum, held in partnership with Mercury Drug Corporation and health care company MSD in the Philippines, interprofessional collaboration among physicians, nurses, pharmacists, and other healthcare professionals is likewise vital in managing diabetes.

Dr. Cecilia Jimeno, FPCP, FPSEDM of the Philippine Society of Endocrinology, Diabetes, and Metabolism (PSEDM), discussed the burden of diabetes on persons who already have it or might have it if the disease is not yet diagnosed.  She stressed that diabetes, or having a long-term or chronically elevated blood sugar, poses a great burden because its symptoms do not show until blood sugar reaches a very high level.

Even if the symptoms are many —which include frequent urination, waking up thirsty, itchiness, ants swarming in toilet after urination, blurring of vision, numbness, and wounds that do not heal up very quickly— a greater majority of people with diabetes do not experience symptoms in the first place, Dr. Jimeno said.

This makes screening very important, especially when one has risk factors, such as age (with older ones more prone to developing the disease), family history, lack of physical activity, being overweight or obesity, and even diseases like tuberculosis or lupus. Moreover, gestational diabetes and polycystic ovary syndrome (PCOS) are also risk factors of women. “If you have just one risk factor, you can already have yourself screened,” explained Dr. Jimeno.

She also emphasized that among families with history of diabetes, there should be determination among members not just to get screened but also to prevent diabetes by adopting healthy lifestyles such as avoiding smoking and sugary beverages.

In addressing diabetes, face-to-face consultation is usually the immediate action. With the pandemic making it difficult to hold such interactions, telemedicine comes as a helpful alternative even if many still prefer face-to-face. This insight was shared by Leyden Florido, a nurse and diabetes educator who also serves as president of the Philippine Association of Diabetes Educators (PADE).

“Technology is important during this pandemic, but our doctors, nurses, nutritionists, pharmacists, dietitians are there to help them,” Florido added.

Sharing the same train of thought, Dr. Jimeno shared that telemedicine can be as effective as face-to-face in spite of its limitations. “If done well, in cooperation with the patient and their family, it can be very effective,” she said, adding that she has observed some of her patients were able to improve their sugar level even through telemedicine consultations. For those who might not be able to access this digital channel, she encourages using other means of communication, such as telephone call or online messaging for consultations to proceed.

Aside from continuing consultations, proper adherence to management of diabetes is crucial for patients with diabetes, Florido pointed out. “We have to facilitate your treatment and we are going to explain why you need that,” she advised patients in adhering to how their doctors manage their condition, which she noted does not only involve medications but also proper nutrition, exercise, as well as preventing stress.

Pharmacists’ role in diabetes care

In addressing the prevalence of diabetes in the country, pharmacists also play a crucial part in helping patients deal with diabetes. 

Ma. Gilda Sebua-Saljay, RPh, president of the Philippine Pharmacists Association, shared that pharmacists have three roles in managing diabetes— in terms of treatment, health promotion, and collaboration with health care professionals. “During this pandemic, more than ever, pharmacists are the most accessible healthcare professionals in the community,” Sebua-Saljay said.

“Pharmacists in the drugstores or in the community setting are the community-based knowledge resource health practitioners,” she added, “and we can help patients understand the dangers of chronic diseases [like diabetes] and the importance of prevention.”

As the country’s leading pharmacy chain, Mercury Drug Corporation (MDC) is helping patients manage the treatment of diabetes through their programs and advocacies. MDC’s Nellie Calipjo, RPh shared that a major program they have implemented in this regard is the “Get Well at Mercury Drug – Diabetes Care” specialty hubs, a one-stop-shop section in some Mercury Drug branches dedicated to the needs of patients with diabetes. “We are proud to say that our specialty hub has been recognized as a first in the retail or community pharmacy industry,” Calipjo said.

“A lot of pharmacists in Mercury Drug were trained by experts from PSEDM and PPhA to improve how they counsel and guide certain customers on all relevant aspects of diabetes management,” explained Calipjo.

To date, there are 29 “Get Well at Mercury Drug – Diabetes Care” specialty hubs nationwide, and MDC plans to add more of these to reach more patients frequenting their stores.

Progress in diabetes treatment and prevention

As the world moves forward from the current pandemic, the panel expressed their hope that diabetes management will further improve, especially with stronger collaboration from various fields and sectors.

“All the technology is here, and in the near future, with the introduction of Universal Health Care in the Philippines, our government will start to pay for outpatient services. Even the consultations will gradually be paid for by the government,” Dr. Jimeno said.

Moreover, Florido also emphasized the need to put more focus on prevention and advocacy to mitigate the burden of diabetes to patients and their families.

Lastly, Calipjo shared that MDC is leveraging its digital channels to spread awareness on diabetes and reach more people who can benefit from reliable information. “We believe that a well-informed patient can better manage or control his or her diabetes,” she said.

TNT books a spot in the PBA Philippine Cup finals

By Michael Angelo S. Murillo

The TNT Tropang Giga booked a spot in the finals of the PBA Philippine Cup following their 91-81 victory over the Phoenix Super LPG Fuel Masters in their semifinal rubber match on Friday at the Angeles University Foundation Sports Arena in Pampanga.

The steadier team throughout the match, TNT frustrated Phoenix on its way to barging into the championship of the Philippine Basketball Association All-Filipino Cup, where it was last in seven years ago.

Ray Parks Jr. led the way for the Tropang Giga in the win, churning out all-around numbers of 26 points, 10 rebounds and six assists.

The contest got off to a competitive start, with the teams knotted at 10-all midway into the opening quarter, before TNT sprinted to build a 25-20 lead at the end of the first 12 minutes.

In the second quarter, offense tapered off a bit as defense was stepped up by both ends.

The score was at 40-34, in favor of the Tropang Giga, at the halftime break.

Phoenix tried to make its move in the third period, led by Calvin Abueva, but still found the going tough with TNT ready for everything its opponent threw en route to padding its lead to nine points, 62-53, heading into the final canto.

The Tropang Giga went for the jugular early in the fourth quarter, stretching their advantage to 16 points, 83-67, with 3:26 to go.

The Fuel Masters tried to make a last-ditch attempt to salvage the victory after, but could only come to within eight points, 89-81, with 32 seconds to go before TNT went to close things out.

Guard Simon Enciso finished with 12 points to backstop Mr. Parks, with Roger Pogoy, Jayson Castro and Jay Washington each adding 11 markers.

For Phoenix, who came just a win away from making its first-ever PBA finals appearance, it was Mr. Abueva who led with 23 points, 13 rebounds, six assists and three blocks.

Matthew Wright had 13 points with Jason Perkins tallying 11 points and 11 boards. TNT was awaiting its opponent in the finals between the Barangay Ginebra San Miguel Kings and Meralco Bolts, who were to play in their own semifinal winner-take-all later on Friday.

The best-of-seven PBA Philippine Cup finals begin on Sunday, Nov. 29.

Tolentino reelected as POC president

By Michael Angelo S. Murillo

Philippine Olympic Committee president Abraham “Bambol” Tolentino got a fresh mandate as head of the sports body after being reelected on Friday in elections held at the East Ocean Palace Restaurant in Paranaque City.

Looked to serve a full four-year term after assuming office only last year in special elections, Mr. Tolentino, head of the Integrated Cycling Federation of the Philippines (PhilCycling), got his wish after beating lone challenger Jesus “Clint” Aranas of the archery federation, 30-22.

A total of 53 eligible voters got to cast their votes, broken down to representatives from 50 national sports associations, two representatives from the Athletes Commission (Hidilyn Diaz and Jhessie Lacuna), and International Olympic Committee (IOC) representative to the Philippines Mikee Cojuangco-Jaworski.

The proceedings were done under strict compliance with health and safety protocols to guard against the spread of the coronavirus.

Also winning were handball’s Steve Hontiveros, who retained his post as chairman, winning over triathlon’s Tom Carrasco, 28-25; basketball’s Al Panlilio (first vice- president), fencing and modern pentathlon’s Richard Gomez (second vice-president), gymnastics’ Cynthia Carrion-Norton (treasurer), and baseball’s Chito Loyzaga (auditor).

Earning executive board seats, meanwhile, were Raul Canlas of surfing, Pearl Managuelod of muay thai, Charlie Ho of netball, and Dave Carter of judo.

Save for Messrs. Hontiveros and Ho, all of the winners ran under the ticket of Mr. Tolentino, with Ms. Managuelod an adopted candidate as well of Mr. Aranas’ group.

“It’s an honor to serve the Filipino athletes in the country. This is a full four-year team and definitely there will be a lot of surprises. In the one year [I was in office] we did a lot, what more with four years with this team,” said Mr. Tolentino, also a sitting Congressman representing the eighth district of Cavite, in the press conference following his election victory.

He went on to say that a lot of work is ahead of them, especially for next year when a lot of athletes will be competing in various international tournaments, including the rescheduled Olympics.

“We have to focus on the athletes. There are a lot of challenges next year, a lot of big competitions outside. We have a lot of work but with the help of this team starting Jan. 1, [we can do it],” the POC president said.

Mr. Tolentino was first elected president in July last year after erstwhile POC chief Ricky Vargas decided to step down. 

This year’s election was one of the more contentious proceedings in the sports body’s history, with the parties not seeing eye-to-eye on certain issues and took one another to task.

The elections were overseen by members of the electoral board, namely, Atty. Teodoro Kalaw IV (chairman), University of the Philippines president Danilo Concepcion and former IOC representative Frank Elizalde.

BSP sees November inflation at 2.4-3.2%

Inflation likely settled between 2.4% and 3.2% in November on higher oil prices and crop damage caused by typhoons, said Philippine central bank Governor Benjamin E. Diokno on Friday.

“Higher domestic oil prices, as well as the impact of weather disturbances on the prices of rice and select agricultural commodities contributed to upward price pressures during the month,” he told reporters in a Viber group message.

Local oil prices rose by 50 centavos a liter for diesel and by 30 centavos for kerosene this month, according to the Energy department’s website, citing data as of Nov. 24.

Oil prices have fallen by P4.62 a litter for gasoline, P8.86 for diesel and P12.29 for kerosene this year, it said.
Crop damage from Typhoon Vamco, locally named Ulysses, has reached P4.18 billion, affecting 106,619 farmers and 106,489 hectares of land, according to the Agriculture department.

The storm followed four other typhoons and submerged many parts of Luzon island including the capital region this month.

Mr. Diokno said higher oil prices could be tempered by the stronger peso and lower electricity rates in areas served by Manila Electric Co. (Meralco).

Meralco has said the rate for a typical household went down by P0.0395 a kilowatt-hour (kWh) to P8.5105 this month, resulting in a net rate reduction of P1.35 a kWh since the start of the year.

The peso appreciated by 5.5 centavos to P48.06 against the dollar at the close of trading on Friday.

“Looking ahead, the Bangko Sentral ng Pilipinas (BSP) will remain watchful of economic and financial developments to ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved,” Mr. Diokno said.

The central bank cut its policy rates again by 25 basis points last week, bringing its overnight reverse repurchase, lending and deposit facility rates to record lows of 2%, 2.5%, and 1.5% respectively.

Inflation quickened to 2.5% in October from 2.3% in September, the fastest pace in three months.

The uptick was mainly due to faster increases in prices of food and nonalcoholic beverages, as well as in education, restaurant and miscellaneous goods and services.

Inflation has averaged at 2.5% to date, within the BSP’s 2-4% target. The central bank expects inflation to average at 2.3% this year.

The Philippine Statistics Authority will report November inflation data on Dec. 4. — Beatrice M. Laforga