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RICE, OIL PRICE RISE FUELED INFLATION RATE IN 3RD Q
Story on B1
VOL. XXXII • NO. 247 • 3 SECTIONS 16 PAGES • P18 • SATURDAY, OCTOBER 20, 2018 • www.manilastandard.net • editorial@manilastandard.net
PRICE ROLLBACK: P2 Second straight week of cuts amid transport fare hikes
Bello pushes wage hike ‘not lower than P20’ By Vito Barcelo THE minimum wage for Metro Manila workers will be adjusted by at least P20 per day before the end of October, raising the wage to P532 from P512 a day, the Labor Department said Friday. Labor Secretary Silvestre Bello III
said the proposed wage adjustment would not be lower than P20. He said labor and management groups should first agree through public hearings on a “consensus” rate increase based on the companies’ ability to pay. Meanwhile, a member of the Land Transportation Franchising and Regulatory Board Member Aileen Lizada
said economic managers had warned of the inflationary effects of the higherthan-expected P2 increase in the minimum jeepney fare. Aileen Lizada cited an Oct. 2 letter from National Economic and Development Authority Undersecretary Rosemarie Edillon suggesting a P9.50 miniNext page mum fare for jeepneys.
No ifs or VAT: Marcos seeks tax freeze on food items, fuel By Rey E. Requejo
Imee Marcos
ILOCOS Norte Gov. Imee Marcos on Friday called for the immediate one-year suspension of the value-added tax on basic food commodities, fuel and electricity to address the record-high inflation that has burdened Filipinos for several months now. Marcos, who is running for senator in the 2019 midterm polls, also pushed for implementation of a combination of substitute measures intended to offset the expected revenue loss from her proposed VAT suspension. “The temporary lifting of the VAT on basic commodities will provide urgent much-needed relief to Filipinos as inflation hit the hardest in the countryside. The poor Filipinos cannot wait for anti-inflation strategies that could take months to work. They need solutions now,” said Marcos, who served nine years in the House of Representatives. Next page
By Alena Mae S. Flores and Nat Mariano
O
IL companies are set to implement a rollback in pump prices by as much as P2 a liter based on initial estimates of industry players, even as the government announced that the rate of inflation had risen to 6.4 percent in the third quarter because of rising food and energy prices.
One company, Phoenix Petroleum, on Friday advised the public it would decrease its pump prices by P2 per liter of gasoline and by P0.90 per liter of diesel effective 6 am today (Oct. 20). One industry source told Manila Standard the oil price rollback, for the rest of the petroleum firms, would be P1.80 per liter of gasoline and P0.90 per liter of diesel. These prices were still “very preliminary” and could still change after the final computation came in Friday night, the source added. Other industry officials confirmed the rollback, but estimated the price cut would be P1.40 per liter of gasoline. “[The] rollback this week [was]
China, Asean star in SCS war games CHINA and Southeast Asian states will hold their first joint maritime exercises next week, officials said Friday, in a move aimed at easing tensions but which may spark US alarm. Beijing’s expansive claims to the South China Sea have long been a source of friction with rival claimants in Southeast Asia, as well as the US which has traditionally been the dominant naval power in the area. Despite disagreements over Beijing’s territorial ambitions, China and Southeast Asia are trying to strike a more conciliatory tone in an effort to stop tensions from spiraling dangerously out of control. As part of this, the navies of China and the 10-member Association of Southeast Next page
caused by large inventory build-up of crude oil in the US, slower demand growth projection by the International Monetary Fund for 2019 due to trade war and reports of Saudi and Russia saying that they have spare capacity to cover Iranian products that will be removed by November when the US sanctions take effect,” the source said. The Philippines imports more than 90 percent of its fuel requirements. This is the second consecutive weekly oil price rollback after the oil companies implemented a price cut of P0.85 per liter for gasoline, P0.65 per liter for diesel and P0.20 per liter for kerosene Next page effective Oct. 15.
WEATHER Time to put on those sweaters COLDER mornings and longer nights are in place following the equinox last month, the state weather bureau said Friday. The equinox, when day and night are of equal length, happened on Sept. 23, according to forecaster Benison Estareja of the Philippine Atmospheric Geophysical and Astronomical Services Administration. So far, the full effect of the chilly mornings during the holiday season is yet to be felt, Estareja told ABS-CBN News. For instance, the lowest temperature monitored in Baguio City, 15.1 degrees Celsius, was still within the normal range for the area, Estareja said. Colder weather would be felt around December, he added.
Palace to PDEA: Drug tests voluntary By Nat Mariano
AFTER THE KNOT.
President Rodrigo Duterte poses for a photo with newly married Senator Aquilino Pimentel III and Kathryna Yu and the principal sponsors during their wedding celebration at the Coconut Palace in Pasay City on Thursday. Presidential Photo
Penalize nuisance bets, senator suggests SENATOR Sherwin Gatchalian has filed a bill that would impose fines on nuisance candidates for local and national elections going forward, but at least two officials of the Commission on Elections think it’s not a viable solution. In filing Senate Bill 911, Gatchalian
seeks to amend Sections 69, 261, and 269 of the Omnibus Election Code. It states that while the Comelec is mandated by law to receive certificates of candidacies as its ministerial duty, “the onslaught of candidates who do not intend to launch a viable campaign is Next page
THE mandatory drug tests on the politicians running for the 2019 midterm elections is unconstitutional, Malacañang said Friday as it rejected the proposal of the Philippine Drug Enforcement Agency to conduct surprise drug testing. Presidential Spokesman Salvador Panelo said such medical examination would violate the Constitution. “Mandatory drug testing for Senate and House of Representatives candidates is violative of the Constitution as it adds another qualification outside of that enu-
merated by the Constitution,” Panelo said in a statement. “The same principle applies to local candidates as it also adds to the qualifications imposed by law.” Meanwhile, Vice President Leni Robredo has said she believes the 2019 midterm elections will be an “uphill climb” for the opposition. In her keynote address at the Center for Strategic and International Studies-Pertamina Banyan Tree Leadership Forum in Washington, D.C. on Oct. 17, Robredo said “elections in May 2019 will be tough Next page for the opposition.”