PRESIDENT Ferdinand 'Bongbong' Marcos Jr.
on Wednesday said there is no need to ask Congress for special powers to curb inflation.Marcos issued the statement after Speaker Martin Romualdez said the House of Representatives is working with the President's economic team to control the increase in consumer prices.'I do not think that it is necessary to ask for special powers. If we declare, for example, if we declare -- I already have the power to declare an emergency and to control the prices of commodities.
That is efficient,' Marcos told reporters in a chance interview.House Committee on Ways and Means Chairman Joey Sarte Salceda had filed the proposed Bayan Bangon Muli package that integrates a significant number of special powers to curtail price increases--short of price controls, which would of course be more harmful than do any good for supply stability.Under his proposal, the BBM bill will have a validity of 18 months.
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