Human rights lawyer Chel Diokno is proposing an excise tax freeze on petroleum products in view of the soaring fuel prices that resulted from the Russia-Ukraine crisis. Human rights lawyer Chel Diokno (Photo from Diokno’s campaign team) Diokno, a senatorial aspirant, cited the law allowing the...
Presidential aspirant Vice President Leni Robredo on Thursday, March 10, proposed a review of the country’s minimum wage, which has not moved since 2019, to “cushion” the blow of the rising fuel prices arising from Russia’s invasion of Ukraine. Vice President Leni Robredo (VPLR Media...
House Fuel Crisis Ad Hoc Committee co-chairperson Joey Salceda said that the "worst is yet to come" in terms of to the fuel situation even as he projected double-digit or near double-digit increases on pump prices next week. "Current crude prices is at USD 127 . At the pump, this may translate to...
Senate President Vicente Sotto III on Tuesday, March 8 said it is incumbent upon him to convene the Senate if President Duterte calls for a special session in connection with the runaway fuel prices. (Ali Vicoy/ MANILA BULLETIN) ‘’Its part of our work,’’ said Sotto who, along with...
Senatorial candidate Gilbert "Gibo" Teodoro is the latest personality to call for the "unbundling" of domestic fuel prices, which for the entire year have been on an upward trajectory. (Ali Vicoy/ MANILA BULLETIN) Teodoro said that price unbundling is the oil companies' act of itemizing or breaking...
Following the massive spike in oil prices on Tuesday, March 8, Senate bet Harry Roque listed some short term, medium term, and long term measures that the government can follow to help mitigate the price surge's effects on consumers. Senate bet Harry Roque (FILE PHOTO) On March 8 , gasoline prices...
An "Fuel Crisis Ad Hoc Committee" will convene in the House of Representatives next week to tackle possible solutions to the problem of runaway domestic fuel prices. (Photo from House Speaker Lord Allan Velasco's Facebook) This was confirmed by House Speaker Lord Allan Velasco Friday afternoon,...
Consumer prices remained steady at 3.0 percent in February due to slower inflation for food items, but economists warned that the uptick will likely accelerate in the coming months on skyrocketing oil prices as war continues to rage in Ukraine. The Philippine Statistics Authority reported on...
Senator Imee Marcos on Friday, March 4 encouraged the government to find new suppliers of wheat and develop the production of non-wheat flours to prevent sudden spikes in the prices of bread and noodles that are staples of the Filipino diet. Marcos, chairwoman of the Senate committee on economic...
Albay 2nd district Rep. Joey Salceda believes he knows a good approach to the possible revival of the mothballed Bataan Nuclear Power Plant (BNPP). A nuclear power plant jn Belgium (Frederic Paulussen/ Unsplash) Salceda calls this the "franchise approach" and he plans to pitch it soon to the Chief...
Anakalusugan Party-list Rep. Mike Defensor insisted on Thursday, March 3 that suspending taxes on fuel is the best way to provide instant relief to Filipino consumers amid runaway pump fuel prices. (Photo from Mike Defensor's Facebook) “I am for revisiting the law that deregulated the oil...
Gov’t readies ‘targeted assistance’ as oil prices rise By Chino S. Leyco Amid calls to suspend taxes on petroleum, President Duterte’s economic managers announced that the government will instead provide targeted relief assistance and support to sectors affected by the skyrocketing oil...
