Even The Philippines’ Richest City Suffers From High Inflation

A745CCD9-01D8-4C5A-93EF-BF35D55B791AMAKATI CITY, Philippines (The Adobo Chronicles, Makati Bureau) – For quite some time now, senior citizens residing in Makati City have enjoyed their free cakes on their birthday, a benefit granted to them by the city government under its Blu Card program.

But apparently, even the Philippines’ richest city (more than P34 Billion in assets) can’t escape the wrath of rising inflation (5.2% as of late.)

So, the Makati government is implementing a retrenchment program by providing Makatizens with a cup cake instead of the usual full-sized cake during their birthdays.

It’s the thought that counts, right?

 

 

 

 

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