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The stage is set for greater foreign ownership of certain sectors as the National Economic and Development Authority released yesterday the implementing rules and regulations for the law amending the Public Service Act.
President Ferdinand Marcos Jr's administration has approved 123 new projects that will form part of a pipeline of infrastructure worth 9 trillion pesos (US$163 billion) it hopes to start or complete in the coming years
(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