NextGen Day

MANILA, Philippines — On Tuesday, Malacanang assured us that the Duterte administration is taking steps to curb rising consumer prices.

Acting presidential spokesperson and Communications Secretary Martin Andanar assured reporters in a virtual press briefing that the government will continue to monitor the prices of basic necessities.

“‘Yung basic products,’ patuloy nating minamatiyagan ang presyo ng pangunahing bilihin. Ang pagtaas ng inflation ay dulot ng pagtaas ng presyo ng langis (We continue to keep an eye on basic goods prices.) We know that inflation has risen as a result of the rise in global oil prices) “Andanar remarked.

According to figures issued by the Philippine Statistics Authority, the country’s headline inflation rate increased to 5.4 percent in May 2022 from 4.9 percent in April.

The inflation rate in May was within the Bangko Sentral ng Pilipinas’ predicted range of 5.0 to 5.8%.

According to Andanar, the government’s fuel subsidy scheme will help to mitigate the effects of global inflationary pressures.

As of June 1, more than 180,000 PUV drivers and operators had received their PHP6,500 gasoline subsidy under the Pantawid Pasada program.

The Service Contracting Program (SCP), according to Andanar, will benefit both PUV drivers and commuters.

The SCP is part of the government’s targeted aid to disadvantaged industries to help mitigate the impact of successive oil price spikes.

PUV operators will be hired under the SCP through a contract based on a strategy developed by the Land Transportation Franchising and Regulatory Board.

PUV drivers will subsequently be compensated on a weekly basis based on the number of trips they make, regardless of the number of passengers.

The Department of Transportation has extended free trips on Metro Rail Transit Line 3 through June 30 this year, according to Andanar.

Following the recent decision of the metropolis’ Regional Tripartite Wages and Productivity Board to authorize the minimum wage raise, he said workers in Metro Manila have been getting an additional PHP33 to their present daily pay.

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