Philippine annual inflation at 0.9% in July
The headline rate was the lowest reading since October 2019.
Economists in a Reuters poll had expected an annual inflation rate of 1.1 per cent, within the central bank's forecast range of 0.5 per cent to 1.3 per cent for the month.
The annual core inflation rate, which strips out volatile food and energy prices, was 2.3 per cent in July.
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- CNA
Duolingo raises 2025 revenue forecast as AI tools boost user engagement
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Straits Times
a few seconds ago
- Straits Times
'I won't humiliate myself': Brazil's president sees no point in tariff talks with Trump
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Straits Times
an hour ago
- Straits Times
Lula plans new 'national sovereignty' policy for strategic minerals
Sign up now: Get ST's newsletters delivered to your inbox Brazil's President Luiz Inacio Lula da Silva speaks during an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, August 6, 2025. REUTERS/Adriano Machado BRASILIA - Brazilian President Luiz Inacio Lula da Silva told Reuters on Wednesday of his plans for a new national policy treating strategic minerals as a matter of "national sovereignty" in order to avoid exporting minerals without adding value locally. "We won't allow what happened in the last century to happen again, where Brazil exports raw minerals and then buys products with very high added value," the president, known as Lula, said in the interview. "We want to add value in Brazil." Lula's comments came as a new 50% tariff hit U.S. imports from Brazil amid a political spat between the two countries linked to an investigation against the South American country's former president, Jair Bolsonaro. Bolsonaro, under house arrest since late Monday, is standing trial on charges of plotting a coup to overturn his 2022 electoral defeat. Bolsonaro has denied wrongdoing. U.S. President Donald Trump, seen as a Bolsonaro ally, has decried what he calls persecution of Brazil's former leader. Trump has long sought to secure U.S. supplies of critical minerals, complaining of China's near-total control of the industry and striking deals with Ukraine to secure critical minerals in exchange for defense help. Currently, Brazil lacks a complete mapping of its mineral wealth, Lula said, adding that his government would start this process by setting up the national council on mineral materials and standards. Top stories Swipe. Select. Stay informed. Singapore MRT track issue causes 5-hour delay; Jeffrey Siow says 'we can and will do better' Singapore ST Explains: What is a track point fault and why does it cause lengthy train disruptions? Singapore Three people taken to hospital after fire in Punggol executive condominium Singapore Elderly man found dead in SingPost Centre stairwell could have been in confused state: Coroner Singapore 81 primary schools to hold ballot for Phase 2C of Primary 1 registration Singapore S'pore and Indonesia have discussed jointly developing military training facilities: Chan Chun Sing Singapore Two workers died after being hit by flying gas cylinders in separate incidents in 2025 Sport Young Lions and distance runner Soh Rui Yong left out of SEA Games contingent The council will safeguard Brazil's control of its mineral wealth, allowing the country to become a global leader in the energy transition, Lula said, adding that businesses will not face difficulties following the council's creation. "Few countries in the world have the opportunity that Brazil has in this area," Lula said. REUTERS
