Stephen King’s “Fool me once, shame on you. Fool me twice, shame on me” dictum also applies to governance. Two days after the PSA’s announcement that inflation rose to 5.3 percent in August, snapping six straight months of declines, President Marcos signed Executive Order (EO) 39 capping the price of…
The Asean Summit is an opportunity for the Philippines to seek a regional agreement that the member-nations won’t impose restrictions on each other’s rice supply. House Committee on Ways and Means Chairman Joey Sarte Salceda issued the statement on Tuesday as National Statistician and Philippine Statistics Authority (PSA) Undersecretary Dennis…
THE House of Representatives is working closely with the Department of Budget and Management (DBM) to allocate P2 billion in cash assistance for retailers affected by the rice price ceiling imposed by the Palace, Speaker Ferdinand Martin G. Romualdez announced on Monday. Romualdez instructed Ako Bicol Party-list Rep. Elizaldy Co, the…
TO prevent any impact of price ceilings, including rice hoarding and shortages, an economist-lawmaker said the price ceiling should be higher than the equilibrium price. House Committee on Ways and Means Chairman Joey Sarte Salceda made the statement following the issuance of Executive Order (EO) No. 39, which sets the…
A senior lawmaker has called for the congressional approval of a measure creating the Camarines Sur Free Trade Zone, which is seen to “energize” the Bicol region through investments and quality jobs. Camarines Sur Rep. LRay Villafuerte, during a recent hearing of the House Committee on Ways and Means, assured that…