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Managing expectations

The Philippine elections are all but over. The 2022 democratic exercise of the Filipinos of their right of suffrage is ready to be archived in the dustbin of history. To be sure, the voting was notable in many respects. To begin with, the number of registered voters reached 67.5 million versus th

PHL justifies imports sanitary permits | Jasper Y Arcalas

THE Philippines stood pat on its sanitary and phytosanitary import clearance (SPSIC) regime, arguing that its mechanisms are risk-based and grounded on pertinent international guidelines, allowing the country to efficiently respond to emergency cases such as disease outbreaks. In its latest communication to the World Trade Organization (WTO) Committee on…

Solon wants to expand fuel subsidy program to provinces

ACT-CIS Party-list Rep. Eric Yap (File photo) MANILA - A party-list lawmaker on Tuesday called for an expanded fuel subsidy program for the transport sector to widen the reach and provide assistance to those in the provinces and countryside areas amid the successive oil price hikes. ACT-CIS Rep. Eric Yap said the country is already on the verge of a fuel crisis with the tight global oil supply amid the Russia-Ukraine tension and the increasing demand for fuel as the general public return to "normal" under the lowest Covid-19 Alert Level 1. "The most affected group here are those in the transport and agricultural sector," Yap said. Yap said aside from implementing and distributing fuel subsidies, the government should set clear parameters and prioritize those in the provinces, most especially food-producing areas. "We should not forget those who are outside the metropolitan who are equally, if not more, affected by the oil price surge. Our farmers in the provinc

Measures in place to cushion impact of Russia-Ukraine conflict

Finance Secretary Carlos Dominguez III MANILA - Finance Secretary Carlos Dominguez III has assured President Rodrigo Duterte that the impact of the current Russia-Ukraine crisis on the Philippines would only be temporary, and a comprehensive set of measures are now being implemented to ease its impact on the economy and the people. Dominguez said that despite the negative repercussions of the crisis in the form of increased energy and food prices, he is confident that the government will be able to keep inflation within the target range of 2 to 4 percent and attain its goal of expanding the economy between 7 and 9 percent this year. "I would like to emphasize that we do not expect this crisis to last very long. However, there may be some lingering effects. We have seen similar crises in the past, such as in The Gulf War in 1990, the oil price shock of 2008, and also the first Russia-Ukraine conflict in 2014, and we have weathered all of these crises very well," Dominguez said

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