Mexican vessel makes historic Manila visit

The Mexican vessel Cuauhtémoc “Ambassador and Knight of the Seas” will
be arriving in Manila on August 4, 2017 to mark its first journey to Manila, commemorating the historic voyage by the Manila-Acapulco Galleon in almost 250 years.

Captain Rafael Lagunes and the crew of vessel will welcome visitors to enjoy a bit of Mexico, its traditions, craftsmanship, folklore, flavors and legacy.

The Mexican vessel Cuauhtémoc will anchor at Pier 15, Manila South Harbor, Port Area, Manila. Access will be granted through shuttles operated by Doña Virginia Maritima Corp, the shipping agent.

Captain Lagunes says: “We have sailed the seas and oceans around the world, proudly raising our national flag, sailed more than 700,000 nautical miles and forged 34 generations of cadets from the naval military school of Mexico.”

The Embassy of Mexico in Manila is proud to contribute to the successful visit of the vessel Cuauhtémoc in conjunction with the Philippine Navy which will further strengthen the bilateral relations between Mexico and the Philippines.

“We invite you to discover the hospitality and the love for the maritime traditions that are reflected in the perfection of its decks, bulkheads, maneuvers and rigging. The crew, integrated by 9 senior officers, 44 officers, 43 cadets and 122 enlisted men and women, is a genuine sample of more than 120 million Mexicans in the world, presenting itself as an ambassador of our country, carrying a message of peace and good will,” says Captain Lagunes.

“May this historical visit attest the renewed long-standing ties that join Mexico and the Philippines together, not only as partners but as sister-nations.”

PAL adds new Bombardier turboprop

1st Q400 NG delivery flight at Malta stop over 2

Philippine flag carrier Philippine Airlines (PAL) has added a new aircraft to its fleet – the world’s first dual-class turboprop aircraft and the next-generation Bombardier Q400 with registry RP-C5901.

The aircraft arrived in Manila after a refuelling stop at Malta in the Mediterranean, one of nine stop-overs – Canada, Iceland, France, Malta, Egypt, United Arab Emirates, Pakistan, India, Thailand – during its 11,398-nautical mile delivery flight from Toronto to Manila.

The aircraft – manned by three pilots, three mechanics and one aircraft inspector from PAL Express – touched down in Manila on July 26, 2017 after a five-day journey. (Photo by Keith Pisani)

Philippine inflation eases to 2.8%

The Philippine inflation rate has eased to 2.8 percent in June 2017 from 3.1 percent in May, lower than market expectations of 3 percent.

The National Economic and Development Authority (NEDA) says core inflation, which excludes select volatile food and energy prices, also eased to 2.6 percent in June 2017 from 2.9 percent, reflecting the general price stability across goods and services.

Slower price adjustments in both food and non-food commodities contributed to the easing of inflation in June 2017.

For food and non-alcoholic beverages, inflation slowed to 3.5 percent in June from 3.8 percent the previous month.

Non-food inflation slowed to 2 percent in June 2017 from 2.5 percent in May.  This follows the significantly slower year-on-year increase in domestic petrol prices during the period, particularly unleaded gasoline (5.1 percent from 9.9 percent), diesel (5.3 percent from 13.6 percent), and kerosene (3.0 percent from 9.6 percent).

NEDA Officer-in-Charge (OIC) and Undersecretary for Policy and Planning Rosemarie Edillon said that keeping inflation stable strengthens prospects of stronger domestic economic activity in the near-term.

“The significant decline in the probability of extreme weather disturbances due to El Niňo and La Niňa until the end of 2017 bodes well for agricultural production and commodity prices moving forward,” Edillon said.

“Government should take advantage of good weather conditions to accelerate the implementation of climate change adaptation measures. Among the crucial ones are investing in infrastructure like catchment basins, advance atmospheric moisture extraction, and promoting water-saving technology. Rehabilitation of damaged irrigation systems and periodic maintenance will also ensure disaster and climate resiliency of the agriculture sector.”

“On the external front, domestic prices may be affected as global financial market conditions adjust in response to the faster monetary policy normalization in the United States,” Edillon said.