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Oil crisis sent 1.3 million more people into poverty, Salceda estimates

AN economist-lawmaker on Wednesday warned that continued oil price hikes will likely have resulted in some 1.3 million more people falling into poverty, driving inflation to as high 5.4 percent while undermining the country’s economic growth target for this year. House Committee on Ways and Means Chairman Joey Sarte Salceda… ....

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Salceda identifies beneficiary sectors of proposed 'Katas ng TRAIN' program

Lawmakers on Tuesday said their proposed P68.8-billion “Katas ng TRAIN” subsidies would cover power, fertilizer, relief program, social pension and fuel subsidies. Albay Rep. and House Committee on Ways and Means Chairman Joey Sarte Salceda said the “Katas ng TRAIN” program, alluding the “Katas ng VAT” programs conducted by the… ....

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'Shift to higher diesel blend could be done in phases'

The Philippine Biodiesel Association (TPBA) has proposed a phased implementation of the increase in coco-biodiesel blend or coco methyl ester (CME) in local diesel. The blending of one percent (B1) coco-biodiesel or CME in local diesel started when Republic Act 9367 or the “Biofuels Act of 2006” was enacted. It… ....

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