Senator Imee Marcos has filed a measure mandating the unbundling and disclosure of petroleum prices to encourage fair and efficient pricing amid the continuous oil price hike. Marcos, chairperson of the Senate Committee on Social Justice, Welfare and Rural Development, filed Senate Bill No. 2007 or...
The path to "Bayanihan 3" begins at the House of Representatives on Wednesday, April 8, as the leadership of 13 committees will convene to hold the first of its high-level joint hearings in response to persisting fuel price crisis. Marikina City Rep. Miro Quimbo, chairman of the Committee on Ways...
The peso’s purchasing power hit another record low in March as the price shock wrought by the war in the Middle East further eroded Filipinos’ ability to spend the local currency. The latest data from the Philippine Statistics Authority (PSA), released on Tuesday, April 7, showed that the...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito has called on government agencies to remain transparent to President Ferdinand “Bongbong” Marcos Jr. saying providing real-time assessments are crucial in dealing with the impact of the ongoing Middle East conflict. Ejercito warned...
Headline inflation, or annual price increases, soared to a 20-month high of 4.1 percent in March, as the war in the Middle East fueled skyrocketing oil prices. National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis S. Mapa told a press briefing on Tuesday, April 7, that...
The current fuel price crisis could quickly morph into a food crisis if the necessary interventions aren 't taken. Tingog Party-list Rep. Jude Acidre gave this warning on Monday, April 6, ahead of another round of hefty pump fuel price hikes. "The ongoing fuel crisis is not just a...
A ranking congressman from Manila is batting for a targeted subsidy program for middle class workers and micro, small and medium enterprises in lieu of an emergency measure patterned after pandemic-era "Bayanihan" laws. Manila 2nd district Rep. Rolando Valeriano, chairman of the House Committee on...
Senate President Panfilo “Ping” Lacson on Sunday, April 5, called for a decisive—even “extreme”—government intervention that would shield Filipinos from the relentless surge in petroleum prices. In an interview on radio DZBB, Lacson said the government ought to disclose its actions...
Businesses that demonstrate greed in times of crises--including the current phase of runaway fuel prices--will not be spared by the government. Thus, said Senator Francis "Kiko" Pangilinan, who on Black Saturday, April 4 reckoned that businessmen and traders must never profit from other people’s...
Stressing that the current fuel price crisis isn 't the Filipinos ' own doing, Cavite 2nd district Rep. Lani Mercado-Revilla says the government must take it upon itself to provide the people with immediate relief. “Hindi kasalanan ng Pilipino ang krisis na ito, pero sila ang unang...
Motorists and transport operators are bracing for another double-digit spike in fuel prices next week, as volatile shift in Middle East geopolitical rhetoric continues to rattle global energy benchmarks. Based on four days of trading under the Mean of Platts Singapore (MOPS), the regional pricing...
While there is no specific provision calling for immediate economic relief for the middle class families is stated in the report, Sen. Sherwin Gatchalian said the suspension of the excise tax, as well as the possibility of suspending the value added tax (VAT) may benefit all households. Gatchalian...
