A 20-passenger jeepney usually has a full tank capacity of 60 liters, which means that the driver is spending ?1,107 ($21.83) more to fill up his tank. That is equivalent to about 29 kilos of rice – or two weeks’ worth of the regular consumption of a five- to six-member household.
Overpriced gasoline and diesel, for instance, gave oil firms an estimated P38.47 billion (US$757.13 million) in additional income, of which P4.62 billion ($90.93 million) went to the government as value-added tax (VAT).
The relatively high growth rate was seen because it is the first to be measured against the low base of when the lockdowns were at their worst last year, including a 17 percent contraction in the second quarter of 2020.
The Duterte regime may spin the narratives on the economy all they want. But all indicators show that the country is in a much worse shape today than when it took over in 2016.
Micro, small, and medium enterprise (MSME) owners are still trying to get back on their feet after enduring the burden of the world’s longest lockdown.
What does it take to cook adobo? An ordinary worker’s whole pay for a day.
For the 22nd time this year, the price of diesel will again go up this week with oil firms announcing a price hike of PHP 0.60 per liter.
By JANESS ANN J. ELLAO Bulatlat.com MANILA – Filipino farmers are worried as lawmakers approved on third reading the proposal to amend the Philippine Constitution, dubbed as the “economic Cha-cha” bill, allowing full foreign ownership of land and of the country’s resources. Proponents of the Resolution of Both Houses No. 2, which was adopted on its third…
With practically all House members – except Duterte’s son and a few die-hard Duterte lawmakers – co-authoring the measure, Bayanihan 3 brags the unprecedented and massive support of different lawmakers who crossed party lines. The political reasons are obvious, but on one hand, such a move in the House sans Palace nod says a lot about Duterte’s deliberate neglect of calls for cash aid.
“We won’t be fooled by the pretext that reopening our natural resources to large-scale mining would help revive the pandemic-battered economy as it would inflict serious damage than repair.”
“Why would the government launch a National Food Security Summit, if it will only rely on imports instead of boosting local production? The summit should be boycotted because it is organized by those who instigated the food crisis and those who did not address the legitimate demands of rice farmers and food producers.”