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AGRI Party-list Rep. Wilbert T. Lee said on Monday that the government should provide more support to farmers and fisherfolk to boost local production and effectively address inflation. The Bicolano lawmaker underscored that local food producers deserve better services from the government which should be an enabler to achieve food security and cheaper basic commodities. […]
President Ferdinand Marcos Jr.’s directive to “adjust to inflation” the Pantawid Pamilyang Pilipino Program (4Ps) cash transfers to some 4.4 million poor households has been welcomed by the 22 members of the minority bloc in the House of Representatives. “The President’s order is consistent to our recommendation to increase the cash grants to 4Ps household-beneficiaries […]
The government must aggressively address factors contributing to food inflation or it will be unable to hit its 2.9% inflation target in 2024. This was stressed by AGRI Party-list Rep. Wilbert T. Lee, who on Tuesday said that with food and non-alcoholic beverages being the top group contributing to the June 2023 inflation of 5.4%, […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]