President Ferdinand R. Marcos Jr. said on Wednesday he can curb high inflation and minimize its impact on consumers without getting special powers from Congress, as suggested by some leaders of the House of Representatives. Know more:
PRESIDENT Ferdinand R. Marcos Jr. said on Wednesday he can curb high inflation and minimize its impact on consumers without getting special powers from Congress, as suggested by some leaders of the House of Representatives.
He attributed the rise in inflation to high fuel prices in the world market, which he admitted the government cannot do anything about, and food prices. It will also enable the President to provide loans and guarantees to suppliers of essential goods and mobilize uniformed personnel to expedite government programs.BUT rather than using the special powers from Congress, Marcos said he is pushing for initiatives to boost local food production such as their Hapag Kay PBBM, which aims to increase the number of community gardens.
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