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‘Inflation may hit 6% without interventions’ - Joey Salceda

Inflation or the rate of increase in the prices of goods and services could reach a new record high this month if the government does nothing drastic to keep it in check, Albay Rep. Joey Salceda warned yesterday......»»

Category: newsSource: philstar philstarAug 11th, 2018

More counter-inflation measures urged

More counter-inflation measures should be set in place amid projections that the rate of price increase may have reached more than seven percent this month from 6.4 percent in August, Albay Rep. Joey Salceda said yesterday. Source link link: More counter-inflation measures urged.....»»

Category: newsSource:  manilainformerRelated NewsSep 29th, 2018

More counter-inflation measures urged

More counter-inflation measures should be set in place amid projections that the rate of price increase may have reached more than seven percent this month from 6.4 percent in August, Albay Rep. Joey Salceda said yesterday......»»

Category: newsSource:  philstarRelated NewsSep 29th, 2018

Duterte to issue EO to solve inflation

President Duterte is set to issue an executive order aimed at resolving the “raging contentious relations” between the National Food Authority and the NFA Council to help arrest runaway inflation, Albay Rep. Joey Salceda said yesterday......»»

Category: newsSource:  philstarRelated NewsSep 14th, 2018

Gov t did little or nothing to stop 6.4% August inflation

MANILA, Philippines – Albay 2nd District Representative Joey Salceda said the government only has itself to blame for the country's inflation rate reaching 6.4% in August .  "Ultimately, the 6.4% was really due to the fact that we did little or nothing. We can no longer blame market opportunists, profiteers, ........»»

Category: newsSource:  rapplerRelated NewsSep 5th, 2018

Administration ally blames gov’t for rising inflation

AN administration ally is blaming the Duterte government for doing little or nothing to address the rising inflation or the increase in the prices of goods. Albay Rep. Joey Salceda said the government has failed to get the right ways and means to address this problem. Reports of the Philippine….....»»

Category: newsSource:  journalRelated NewsSep 5th, 2018

6.4% August inflation ‘self-inflicted’; gov’t ‘did little or nothing’ — Salceda

  The country's nine-year high 6.4 percent August inflation was "self-inflicted" largely because the government "did little or nothing." This was the searing remark of Albay 2nd District Rep. Joey Salceda, House Speaker Gloria Macapagal-Arroyo's point-man on counter-inflation, about the country's latest inflation rate onWednesday. READ:Inflation hitsnew9-year high of 6.4% in August The government earlier announced that theAugust inflation spiked to 6.4 percent, the fastest rate of increase in prices of basic goods and services since March 2009's 6.6 percent during Arroyo's time. READ:Arroyo on 6.4% inflation: I've had a more alarming situation as President "Ultimately, the...Keep on reading: 6.4% August inflation ‘self-inflicted’; gov’t ‘did little or nothing’ — Salceda.....»»

Category: newsSource:  inquirerRelated NewsSep 5th, 2018

No food tariff reduction order from Duterte — Salceda

Albay Rep. Joey Salceda bared yesterday food inflation hit its highest level in five years last July while President Duterte virtually junked the suggestion of House leaders to reduce tariffs on certain imported items so importers could bring in needed supply and help bring down retail prices......»»

Category: newsSource:  philstarRelated NewsAug 26th, 2018

‘Inflation may hit 6% without interventions’ - Joey Salceda

Inflation or the rate of increase in the prices of goods and services could reach a new record high this month if the government does nothing drastic to keep it in check, Albay Rep. Joey Salceda warned yesterday......»»

Category: newsSource:  philstarRelated NewsAug 11th, 2018

Cushions to inflation surge needed

Albay Representative Joey Salceda on Monday said he anticipates that surging inflation is likely to persist until yearend, and that the administration's economic managers should implement aggressive measures to cushion its effects. Salceda, an economic analyst, said July inflation is likely to have spiked to 5.6 percent and by August….....»»

Category: newsSource:  journalRelated NewsAug 7th, 2018

Arroyo Proposes 5 Economic Measures to Cushion Inflation

House Speaker Gloria Macapagal Arroyo has proposed at least five economic measures that would cushion the impact of rising inflation, Albay (2nd District) Rep. Joey Salceda said. According to the newly-installed House Speaker, the measures would reduce tariff on oil, electricity and food commodities such as fish, rice and meat, Salceda said in an interview […].....»»

Category: newsSource:  metrocebuRelated NewsAug 5th, 2018

Rice prices to go down if...

Rice prices could go down by as much as P7 per kilo once the bill imposing tariffs on rice importation becomes a law in place of quantitative restriction (QR), Albay Rep. Joey Salceda said yesterday......»»

Category: newsSource:  philstarRelated NewsDec 2nd, 2018

Rice prices to go down if…

Rice prices could go down by as much as P7 per kilo once the bill imposing tariffs on rice importation becomes a law in place of quantitative restriction (QR), Albay Rep. Joey Salceda said yesterday. Source link link: Rice prices to go down if….....»»

Category: newsSource:  manilainformerRelated NewsDec 1st, 2018

Duterte wants to sign 2019 budget on December 15

President Duterte wants to sign the proposed P3.575-trillion 2019 national budget into law on Dec. 15 so there would be no need to reenact this year’s outlay, Albay Rep. Joey Salceda said yesterday......»»

Category: newsSource:  philstarRelated NewsDec 1st, 2018

Duterte wants to sign 2019 budget on December 15

President Duterte wants to sign the proposed P3.575-trillion 2019 national budget into law on Dec. 15 so there would be no need to reenact this year’s outlay, Albay Rep. Joey Salceda said yesterday. Source link link: Duterte wants to sign 2019 budget on December 15.....»»

Category: newsSource:  manilainformerRelated NewsDec 1st, 2018

Duterte wants to sign 2019 budget on December 15, 2018

President Duterte wants to sign the proposed P3.575-trillion 2019 national budget into law on Dec. 15 so there would be no need to reenact this year’s outlay, Albay Rep. Joey Salceda said yesterday......»»

Category: newsSource:  philstarRelated NewsDec 1st, 2018

House panel okays bill imposing tax hike on cigarettes

LEGAZPI CITY--- The House of Representatives's ways and means comittee has approved House Bill 4575 which seeks to increase the tax imposed on cigarettes, Albay 2nd District Representative Joey Salceda said Thursday. Salceda, the author of the bill, said that if the bill becomes law, the tax on cigarettes will be raised to P35 per pack starting this year. This is expected to be raised further to P37.50 per pack in 2019 and is expected to contribute an additional P8 billionrevenue to the government. Salceda said that by 2020, the tax on cigarettes will have been raised to P40 per pack, which will result in a P16-billion revenue for the government. By 2021, the tax for every pa...Keep on reading: House panel okays bill imposing tax hike on cigarettes.....»»

Category: newsSource:  inquirerRelated NewsNov 29th, 2018

7 problems with free tuition law implementation, according to Salceda

MANILA, Philippines – Albay 2nd District Representative Joey Salceda slammed the “stupid” and “bad” implementation of the free tuition law, in a report submitted to Speaker Gloria Macapagal Arroyo.  Salceda is part of the House of Representatives’ 3-man contingent to the joint oversight committee that had assessed the ........»»

Category: newsSource:  rapplerRelated NewsNov 22nd, 2018

Inflation may fall below 4% in 2019 — BSP

BW FILE PHOTO By Melissa Luz T. Lopez, Senior Reporter INFLATION could “revert more quickly” to below four percent next year given non-monetary interventions to boost food supply coupled with sound policy actions from the Bangko Sentral ng Pilipinas (BSP), a senior official said. BSP officer-in-charge Deputy Governor Maria Almasara Cyd N. Tuaño-Amador said on… link: Inflation may fall below 4% in 2019 — BSP.....»»

Category: newsSource:  manilainformerRelated NewsOct 20th, 2018

Inflation may fall below 4% in 2019 — BSP

INFLATION could “revert more quickly” to below four percent next year given non-monetary interventions to boost food supply coupled with sound policy actions from the Bangko Sentral ng Pilipinas (BSP), a senior official said......»»

Category: newsSource:  bworldonlineRelated NewsOct 19th, 2018

Fuel tax suspension seen in January 2019

New and higher taxes on diesel and other oil products will most likely be suspended in January next year, Albay Rep. Joey Salceda said yesterday......»»

Category: newsSource:  philstarRelated NewsOct 11th, 2018