MB Daily News Update: PBBM holds 1st Cabinet meeting, focuses on PH economy

Published July 5, 2022, 4:45 PM

by Manila Bulletin

President Ferdinand “Bongbong” Marcos Jr. presided over his first Cabinet meeting on Tuesday morning, July 5, 2022, with the Philippine economy – facing high inflation and fuel crisis – as the its main focus.

The Cabinet attention came at a no better time after the government reported an increase in inflation to 6.1 percent for the month, the highest in the past three years.

And things could even get worse after the National Grid Corporation of the Philippines (NGCP) raised the “yellow alert” condition for the Luzon grid at 11 a.m. on Tuesday, July 5, 2022, which meant that a lack of power reserves could potentially plunge the country’s main economic center into rotational blackouts.

These are among the top stories this Tuesday afternoon, July 5, 2022.

WATER SERVICE INTERRUPTION – A man tries to carry as many water containers as possible as he falls in line for water supply being delivered by the Parañaque City government on Tuesday, July 5, 2022, at the Fourth Estate Subdivision in Paranaque City, which is going through two days of water interruption due to water quality issues. (Ali Vicoy)
  1. From the Palace

Other PBBM-related reports

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  • West PH Sea
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  • Marcos estate tax
  • ‘Cheap warfare’
  • Online scammers pick the wrong victim
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