Categories
Featured Politics

FOCUS ON INFLATION, NOT MAHARLIKA FUND — PIMENTEL

Senate Minority leader Koko Pimentel III called on the country’s economic managers to hasten solutions to the rising inflation in the country which peaked at 8.7 percent in January 2023, an all-time high since November 2008. Pimentel issued the statement as he expressed dismay at the economic managers’ lack of concrete plans and swift action […]

Categories
Politics

PBBM LAUDED FOR FINANCIAL RELIEF AMID INFLATION

Camarines Sur Rep. and National Unity Party (NUP) president LRay Villafuerte is giving a thumbs up to President Ferdinand “Bongbong” Marcos Jr. (PBBM) and his economic managers for providing instant financial relief to ordinary consumers reeling from continued, mostly imported, elevated inflation with twin directives designed to hold off scheduled increases this 2023 in the […]

Categories
Government

ABALOS TO LGUS: HELP YOUR POOR CONSTITUENTS

Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos, Jr. urged local government units (LGUs) to develop and carry out transformative programs to ease the economic burden of their constituents due to the surging oil and commodity prices. “With the recent spike in prices of commodities and the aftermath of surging inflation, LGUs […]

Categories
Politics

GOV’T AGENCIES URGED TO SAVE TO EASE INFLATION

Requiring government agencies to set aside 5 percent in budgetary savings could free up to P250 billion out of the P5.04-trillion national budget for 2022 to ease the country’s record-high inflation, a lawmaker said. Taguig-Pateros Rep. Alan Peter Cayetano explained this is one step to addressing high inflation risks caused by Russia’s invasion of Ukraine, […]

Categories
Government

GOV’T POLICIES AID EFFORTS TO REDUCE HUNGER — NOGRALES

Cabinet Secretary Karlo Nograles said government was encouraged by data showing a 4.2% year-on-year decrease in the number of families that have experienced involuntary hunger, stressing on Sunday that the Duterte Administration has viewed positive numbers like these “as a sign that its policies are meeting their desired objectives.” The Social Weather Stations (SWS) recently […]

Categories
Politics

DOWNTREND IN INFLATION TO GIVE DIOKNO MORE ELBOW ROOM – GATCHALIAN

Senator Win Gatchalian said the continuing downtrend in the headline inflation is a welcome development as the Bangko Sentral ng Pilipinas (BSP), under the leadership of newly-appointed Governor Benjamin Diokno, will have “more elbow room” to make adjustments in the country’s policy rates to spur economic growth. Gatchalian said the country pulled a “better-than-expected” inflation […]

Categories
Politics

TARRIFICATION LAW TO BRING DOWN PRICES OF RICE – ANGARA

The proposed rice tariffication law is projected to temper inflation in the coming months as it will bring down the prices of the staple grain, Senator Sonny Angara said. Angara made the statement following the report of the Bangko Sentral ng Pilipinas (BSP) that year-on-year headline inflation moderated to an average of 5.9 percent in […]

Categories
Government

AGRICULTURE AMONG TOP CONCERNS OF DUTERTE ADMIN – DOMINGUEZ

Finance Secretary Carlos Dominguez III said agriculture will remain among the top concerns of the administration of President Rodrigo Duterte to fulfill its goal of raising farm productivity and rural incomes. Dominguez said that improving agricultural output and raising farmers’ incomes through education and the use of new farm technologies emerged as the No. 1 […]

Categories
Politics

SCRAP EXCISE TAX ON FUEL – PIMENTEL

Several senators welcomed the move of the House of Representatives to look at various proposals to scrap or suspend the scheduled hikes in the excise tax on fuel and petroleum products under Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law. The House Committee on Ways and Means created a technical […]

Categories
Politics

GOVERNMENT SUSPENSION OF FUEL TAX HIKE IS A STEP IN THE RIGHT DIRECTION – ANGARA

Senator Sonny Angara hailed as a “step in the right direction” government’s decision to suspend the increase in excise taxes on petroleum products amid soaring price of crude in the world market. “We commend President Rodrigo Duterte and his economic managers for staying sensitive to the plight of our people and adjusting with the times. […]