With the creation of an Inter-Agency Committee on Inflation and Market Outlook (IMO), an economist-lawmaker on Wednesday urged the IMO to recommend to President Ferdinand Marcos Jr. the issuance of executive orders to ease prices. Know more:
WITH the creation of an Inter-Agency Committee on Inflation and Market Outlook , an economist-lawmaker on Wednesday urged the IMO to recommend to President Ferdinand Marcos Jr. the issuance of executive orders to ease prices.
“Now that the IAC is finally constituted, it is high time for our economic team to advise the President on how to use the broad and critical powers of his office to tamp down price hikes,” said Salceda. The proposal also seeks the following special powers: against anti-hoarding; to incentivize production; to provide loans and guarantees to suppliers of essential goods; against price-gouging; to investigate market abuse; declaring a transport emergency with special transport powers; and, to mobilize uniformed personnel to expedite programs and projects.
■ EO ensuring that all supply bottlenecks for food and other farm producer are eased may also be issued
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