Latest Breaking News On - Uot dominguez said among the measures presented by chua is need for entire country 39s shift to alert leveli and opening of all schools in person classes increase domestic economic activity offset external risks he also cited amount fuel subsidies public transport sector farm producers expansion oil buffer stock continuation promotional discount given firms promotion energy conservation suspension or removal pass through fees imposed local government units lgus other entities on truckers implementation service contracting routes use electronic vehicles active transporteg bicycles as mitigate impact price hike citing proposals development cluster edc cabinet - Page 1 : comparemela.com
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