Why is November 7 a holiday?

Just a reminder why it is a holiday on the 7th of November here in the Philippines.

MANILA, Philippines - Malacañang has declared November 7, Monday, as regular holiday in observation of the Muslim celebration of Eid'l Adha.

Miss Philippines got Miss Internet in the Miss International 2011

Manila, Philippines – Bb. Binibining Pilipinas-International 2011 Dianne Necio won the People’s Choice Award after getting the highest number of online votes for the Miss International 2011 beauty pageant.

As noted at MissInter.cn on Sunday, November 06, 2011, Dianne Necio got 354,237 votes and automatically became a Miss International 2011 semifinalist, based on the rules.

Free Live Stream for Miss International 2011

Watch Miss International 2011 live streaming online. The 51st edition of the Miss International pageant is scheduled to take place on November 6, 2011, Sunday, at the Sichuan Opera Theatre, in Chengdu, China. Elizabeth Mosquera of Venezuela will crown her successor at the final event.

Inflation rose to 5.2% in October due to tyhoons

Credit to: Riza T. Olchondra, Philippine Daily Inquirer

The annual inflation rate accelerated to 5.2 percent in October from 4.8 percent in September on the back of price increases in heavily weighted food items, the National Statistics Office said yesterday.

Economists attributed the higher food prices to farm damage and transport disruptions due to recent typhoons but expected the inflation rate to stay within the Bangko Sentral ng Pilipinas’ (BSP) target range. Hence, economists said, they would not expect any changes in monetary policy.

“Third-quarter performance will be slightly better than [the second quarter] but the rise in inflation can be attributed to cost-push factors such as supply constraints and rise in production input cost—not demand-pull factors associated with the economic growth and recovery. I think the BSP will maintain policy rates because the average inflation is still within the 3 to 5 percent range,” according to Cid L. Terosa, economist at the University of Asia and the Pacific.