Govt economic managers told to rein in inflation

 

 

By Rose de la Cruz

 

Rep. Mkchael Romero, 1-PACMAN partylist and assistant majority leader, has asked government economic managers to use all the policy tools at their disposal to rein in inflation and bring it back to ±3 percent inflation target.

 

From a conservative standpoint, he said, he is recommending suspending parts of the TRAIIN (Tax Reform for acceleration and inclusion) to be one card that could be played—not rejected outright or cast aside.

 

Another way is to convince the banks to hike their savings interest rates.

 

Still another is to make the local…

Read more: Govt economic managers told to rein in inflation

 Rep. Romero projects 2018 inflation to hit 5% if crude prices stay above $70/bbl

 

By Rose de la Cruz

 

Rep. Michael Romero, 1 PACMAN partylist and assistant majority leader, said he is conservatively projecting inflation to rise closer to 5 percent in 2018 if current crude oil prices remain at $70 per barrel and the peso continues to depreciate toward P54/ $1 until December.

 

Citing the Monetary Board meeting last May 10, Romero said if the government agencies fail to properly regulate the prices and supply of rice and other commodities as well as electricity, water services and transport fares, “we could really see inflation at 5 percent and possible lower-than-expected gross…

Read more: Rep. Romero projects 2018 inflation to hit 5% if crude prices stay above $70/bbl

 Govt.’s mega infra program creates 600,000 jobs

 

By Rose de la Cruz

 

The government’s mega infrastructure program-- Build Build Build—has created 600,000 jobs as of April 2018, according to Undersecretary Rosemarie Edillon of the National Economic and Development Authority.

 

Number of employed persons increased by 2 percentage points to 1.6 percent or 40.9 Million jobs from -1.27 percent or 40.27 Million jobs the previous year. According to the latest round of the labor force survey of the National Economic Development Authority (NEDA), 625,000 more Filipinos were employed as of April 2018. 

 

Of this number, 605,000 came from industry,…

Read more: Govt.’s mega infra program creates 600,000 jobs

PIDS study: Limiting foreign ownership in PH contractors’ industry is invalid, unconstitutional

 

 

By Rose de la Cruz

 
A study published by state think tank Philippine Institute for Development Studies (PIDS) revealed that administrative issuances limiting foreign ownership in the Philippines’ contracting industry are unconstitutional and invalid.

 

The study by PIDS consultant Lai-Lynn A.B. Barcenas includes the implementing rules and regulations (IRR) of Republic Act (RA) 4566, also known as the Contractors’ License Law and Resolution No. 605 issued by the Philippine Contractors Accreditation Board in 2011. Both include provisions limiting foreign ownership in the industry, hampering entry of potentially efficient players in the Philippine market.

 
“The imposition of foreign…

Read more: PIDS study: Limiting foreign ownership in PH contractors’ industry is invalid, unconstitutional

Ways to separate criminals and law-abiding motorcycle riders

 

 

By Rose de la Cruz

 

With crimes committed by motorcycle drivers with a rider, what police commonly call riding in tandem, Rep. Ciriaco Calalang of Kabayan partylist, enumerated six steps on how to distinguish and separate the good from the criminal bikers.

 

He said daily reports show that four persons are killed by the riding in tandem, based on police blotters.

 

As a member of the House Committees on Public Order & Safety and Transportation, he suggested the following steps:

 

1)          Create and deploy an online registry with mobile app containing the names and plate numbers…

Read more: Ways to separate criminals and law-abiding motorcycle riders

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