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PBBM sees no need for special powers to curb inflation

(PNA file photo) MANILA - There is no need to ask for special powers to ease inflation, President Ferdinand R. Marcos Jr. said Wednesday, noting that several interventions are already in place to manage the prices of basic commodities. Marcos made the remark a day after the Bangko Sentral ng Pilipinas (BSP) reported that the country's headline inflation could surpass the 9 percent level in February because of high prices of cooking gas and key food items. "I do not think that it is necessary to ask for special powers," he said in a chance interview on the sidelines of an event at the Rizal Park, when asked if he is considering asking Congress to grant him special powers to curb inflation. "I already have the power to declare an emergency and to control the prices of commodities. So, I don't think there's any need for more than that. That is efficient," he added. On Tuesday, the BSP said the inflation rate in February may fall within the range of 8.5 to 9 ....

Rizal Park , Arsenio Balisacan , Ferdinandr Marcos Jr , Martin Romualdez , Bangko Sentral , President Ferdinand , House Speaker Martin Romualdez , Planning Secretary Arsenio Balisacan , Na File Photo Manila There Is No Need To Ask For Special Powers Ease Inflation , Resident Ferdinandr Marcos Jr Said Wednesday , Oting That Several Interventions Are Already In Place To Manage The Prices Of Basic Commodities Marcos Made Remarka Day After Bangko Sentral Ng Pilipinas Bsp Reported Country 39s Headline Inflation Could Surpass 9 Percent Level February Because High Cooking Gas And Key Food Items Quoti Do Not Think It Is Necessary Ask For Special Powers , Uot He Said Ina Chance Interview On The Sidelines Of An Event At Rizal Park , Hen Asked If He Is Considering Asking Congress To Grant Him Special Powers Curb Inflation Quoti Already Have The Power Declare An Emergency And Control Prices Of Commodities So , I Don 39t Think There 39s Any Need For More Than That Is Efficient , Uot He Added On Tuesday , He Bsp Said The Inflation Rate In February May Fall Within Range Of 8 5 To 9 3 Percent , Iting The Upside Risks From Higher Prices Of Cooking Gas And Food Items Such As Pork , Nd Sugar Despite The Bsp 39s Latest Forecast , Arcos Remained Bullish That Consumer Prices Would Go Down , Aying His Administration Is Exhausting All Efforts To Boost The Supply Of Agricultural Products Quot Other Elements Inflation Hindi Natin Masyado Ma Control , Aya Meron Tayong Ginagawang Ganito Para Makabawi Naman Doon Sa Pagtaas Ng Presyo We Could Not Control The Other Elements Of Inflation , Hat 39s Why We Are Makinga Way To Address The Rise In Prices Of Basic Commodities , Uot He Said Several Lawmakers , Ncluding House Speaker Martin Romualdez , Ave Expressed Openness To Granting Marcos Special Powers Curtail Inflation In January , Nflation Accelerated Further To 8 7 Percent From 1 Posted In December 2022 Socioeconomic Planning Secretary Arsenio Balisacan Earlier Said The Marcos Administration Is Focused On Helping Individuals Poor And Vulnerable Sectors Who Are Bearing Brunt Of Increasing Prices Basic Commodities Also Government Has Identified Measures Keep Food Price Movements ,

Gov't focused on helping 'poor, vulnerable' amid rising inflation

File photo MANILA - The Marcos administration is putting a premium on individuals belonging to the poor and vulnerable sectors who are bearing the brunt of increasing prices of basic commodities, one of the country's economic managers said Tuesday. In a Palace press briefing, Socioeconomic Planning Secretary Arsenio Balisacan said the government is doing its best to help the indigent Filipinos badly affected by the soaring inflation. "For those naman na talagang affected adversely, lalo na 'yung mga very poor at vulnerable groups, 'yun talaga ang pagbuhusan natin ng assistance (For those who are really affected adversely, especially the very poor and vulnerable groups, they will get the needed assistance from us)," Balisacan said. He issued the statement, when quizzed if the executive department is considering adopting the move of the Senate to provide one-time PHP50,000 inflation assistance to its 3,000 rank-and-file employees. On Monday, Senate President Juan Mi ....

Juan Miguel Zubiri , Arsenio Balisacan , Ferdinandr Marcos Jr , Philippine Statistics Authority , Senate President Juan Miguel Zubiri , President Ferdinand , File Photo Manila The Marcos Administration Is Puttinga Premium On Individuals Belonging To Poor And Vulnerable Sectors Who Are Bearing Brunt Of Increasing Prices Basic Commodities , Ne Of The Country 39s Economic Managers Said Tuesday Ina Palace Press Briefing , Ocioeconomic Planning Secretary Arsenio Balisacan Said The Government Is Doing Its Best To Help Indigent Filipinos Badly Affected By Soaring Inflation Quot For Those Naman Na Talagang Adversely , Alo Na 39 Yung Mga Very Poor At Vulnerable Groups , 9 Yun Talaga Ang Pagbuhusan Natin Ng Assistance For Those Who Are Really Affected Adversely , Specially The Very Poor And Vulnerable Groups , Hey Will Get The Needed Assistance From Us , Uot Balisacan Said He Issued The Statement , Hen Quizzed If The Executive Department Is Considering Adopting Move Of Senate To Provide One Time Php50 , 000 Inflation Assistance To Its 3 , 000 Rank And File Employees On Monday , Enate President Juan Miguel Zubiri Announced That The Senate Would Raise One Time Inflationary Allowance To Php50 , 000 From Php12 , 000 To Shield Its Staff From The Rising Cost Of Essential Commodities Being An Quot Independent Body , Uot Congress Can Decide Quot On Their Own Spending , Uot Balisacan Said Granting One Time Inflationary Assistance To Employees Of The Executive Branch Is Quot Not Feasible As You Know , Ur Fiscal Space Is Very , Very Limited , Uot He Said Quot Doon Sa Mga Vulnerable Talaga Tayo Naka Focus Ngayon Kaya Dinadalian Namin 39 Yung Issues Constraining Digitalization Natin Kasi Yun Ang Makakatulong Pag Ensure Na Limited Assistance Ay Makakarating Dapat Matulungan We Are Prioritizing The Sectors That 39s Why Addressing Efforts To Delivery Of Those In Need , Uot Balisacan Added ,

2023 budget designed to shield PH economy from 'any shocks': DBM

MANILA - The PHP5.268 trillion national budget for 2023 contains allocations that will help protect the Philippine economy from the "negative" impact of internal and external shocks, the Department of Budget and Management (DBM) said on Wednesday. The DBM issued the statement a day after the Philippine Statistics Authority (PSA) reported that the country's headline inflation rate in January climbed to 8.7 percent from 8.1 percent in December 2022. The budget department said this year's national budget is composed of allocations intended for the implementation of the government's social protection, economic development, and disaster preparedness programs. "In addition to allocations meant for disaster-related and risk resiliency programs, the budget includes layers of social protection and economic emergency expenditure items that relatively shield the economy and its people from the negative effects of any shocks," it said. "In fact, social protecti ....

Ferdinandr Marcos Jr , Libreng Sakay , Arsenio Balisaan , Department Of Education , Services For Individuals , Philippine Statistics Authority , Supplementary Feeding Program , Government Internship Program , Department Of Social Welfare , Pantawid Pamilyang Pilipino Program , Service Contracting , Department Of Budget , Skills Development Authority , Sustainable Livelihood Program , Social Welfare , Protective Services , Difficult Circumstances , Appropriations Act , Tulong Panghanapbuhay , Ating Disadvantaged , Displaced Workers , Technical Education , President Ferdinand , Planning Secretary Arsenio Balisaan , Manila The Php5 268 Trillion National Budget For 2023 Contains Allocations That Will Help Protect Philippine Economy From Quot Negative Impact Of Internal And External Shocks , He Department Of Budget And Management Dbm Said On Wednesday The Issued Statementa Day After Philippine Statistics Authority Psa Reported That Country 39s Headline Inflation Rate In January Climbed To 8 7 Percent From 1 December 2022 This Year National Is Composed Allocations Intended For Implementation Government Social Protection ,

Drop in fuel, agri product prices to ease inflation: PBBM

File photo MANILA - President Ferdinand R. Marcos Jr. on Tuesday expressed optimism that the drop in the prices of fuel and imported agricultural products would help tame inflation. This, after the country's headline inflation rate in January 2023 ticked up to 8.7 percent from 8.1 percent in December 2022, according to the Philippine Statistics Authority (PSA) report. While Marcos viewed the latest development as "unfortunate," he remained bullish that the prices of commodities would go down, considering the sliding prices of petroleum products and his administration's efforts to boost the supply of agricultural products. "As of now, with fuel prices going down and the prices of [agricultural] products with the importation slowly also going down, I think that we will see the effects on the inflation rate further down the road. And I sincerely believe that this is going to be as high as it's going to get," he said. Marcos, however, acknowledged that the m ....

Ferdinandr Marcos Jr , Bangko Sentral , Arsenio Balisaan , International Monetary Fund , National Economic , Philippine Statistics Authority , Development Authority , Philippine Development Plan , Planning Secretary Arsenio Balisaan , Economic Outlook Update , File Photo Manila President Ferdinandr Marcos Jr On Tuesday Expressed Optimism That The Drop In Prices Of Fuel And Imported Agricultural Products Would Help Tame Inflation This , Fter The Country 39s Headline Inflation Rate In January 2023 Ticked Up To 8 7 Percent From 1 December 2022 , Ccording To The Philippine Statistics Authority Psa Report While Marcos Viewed Latest Development As Quot Unfortunate , Uot He Remained Bullish That The Prices Of Commodities Would Go Down , Onsidering The Sliding Prices Of Petroleum Products And His Administration 39s Efforts To Boost Supply Agricultural Quot As Now , Ith Fuel Prices Going Down And The Of Agricultural Products With Importation Slowly Also , I Think That We Will See The Effects On Inflation Rate Further Down Road Andi Sincerely Believe This Is Going To Be As High It 39s Get , Uot He Said Marcos , Cknowledged That The Measures Being Undertaken To Ease Inflation Quot Have Not Yet Done Through System He Added It May Take Some Time Bring Down Prices Of Basic Commodities We Already Taken So Supply Will Be Greater And But Takea Little , Uot Marcos Said , S He Noted That Agricultural Products Quot Have Beena Large Part Of The Inflation Rate And My Continuing Estimate Or Forecast Is By We Can See Lowering Second Quarter This Year , Uot He Added The Psa Reported That January 2023 Inflation Was Mainly Driven By Increases In Housing Rentals , Lectricity And Water Rates , S Well As In The Prices Of Vegetables , Ruits And Nuts Socioeconomic Planning Secretary Arsenio Balisaan Said The Marcos Administration Has Identified Measures To Keep Food Price Movements , Onsistent With The Government 39s Inflation And Food Security Objectives ,