Manila Standard - 2022 March 8 - Tuesday

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DOMINGUEZ SEES PH LIKELY ‘COLLATERAL DAMAGE’ IN UKRAINE CONFLICT By Joyce Pangco Pañares WHILE conflict between Russia and Ukraine “does not involve us directly,” Finance Secretary Carlos Dominguez III said the Philippine economy will still “likely be a collateral damage.” “It is as if we are hit by a ricocheting

bullet,” Dominguez said in his report to President Rodrigo Duterte Monday. “These indirect shocks are likely to be felt through four major channels – the commodity market, the financial market, investments, and the impact on our fiscal health,” he added. Dominguez said oil and food prices

are expected to go up as Russia is the largest exporter of natural gas and wheat, while Ukraine is the fourth largest exporter of corn. “The conflict will also likely cause a surge in interest rates or cost of borrowing which was already expected to go up even prior to the crisis because

of the US Fed’s tightening of monetary policies. The conflict will increase the perception of risk in investments,” he said. Investments are likely to decline or at least be on hold in the face of uncertainty, he said. “All these economic impacts will

likely require government support to protect our vulnerable citizens and the critical sectors most affected by the crisis and this will stretch our budget even further,” Dominguez added. The Finance chief, however, said he does not expect the crisis to be a protracted one. Next page

Next oil shocker: P10/liter

This much spike forecast next week if crude price trajectory persists By Alena Mae S. Flores, Julito G. Rada, Maricel V. Cruz and Macon Ramos-Aranta

UMP prices could go up by P10 per liter next week if there is no letup in the increases in world oil prices, which shot up by $10 a barrel on Monday alone to a high of $135, industry insiders said.

P

Jesus Suntay, Cleanfuel Group Every $10 per barrel increase of Companies president and CEO, translates to a P3 to P4 per liter increase said during a congressional hearing in domestic pump prices, Suntay said. that Dubai crude already rose to “So, if this goes on next week, $124 a barrel and even traded at a pump prices could go up by P10. This high of $135 per barrel. Next page

VOL. XXXVI • NO. 23 • 3 SECTIONS 12 PAGES • P18 TUESDAY, MARCH 8, 2022 • www.manilastandard.net • mst.daydesk@gmail.com

Hiked fuel subsidy for PUVs eyed billion to expand the coverage period for another month amid the spiraling THE government is eyeing to double oil prices aggravated by Russia’s the fuel subsidy for public utility invasion of Ukraine. National Economic Development vehicles from P2.5 billion to P5

By Joyce Pangco Pañares

Authority (NEDA) Secretary Karl Chua, in his report to President Rodrigo Duterte Monday, said this is part of a 14-point plan crafted by Next page

QUEUE FOR FUEL. Motorists clog Governor’s Drive in Dasmarinas, Cavite on Monday as they queue at a gas station ahead of the scheduled leap in pump prices today, Tuesday. Lino Santos

DFA starts forced evacuations Ukraine claims 20k foreigners join fight of Pinoys, kin still in Ukraine THE Philippine government, through the Department of Foreign Affairs, raised on Monday the crisis alert level in Ukraine to Alert Level 4 as Russia's military invasion kept inching towards the capital of Kyiv. Under Alert level 4, the DFA will enforce the mandatory evacuation of Filipinos in Ukraine, at government expense, with Filipinos in Ukraine

assisted by the Philippine Embassy in Poland, the DFA said. Several Filipinos, including at least 21 seafarers, have returned to Manila, while others have fled to neighboring countries, the DFA said. There were still around 116 Filipinos in Ukraine, whose 44-year-old President Volodymyr Zelensky had joined his Next page

WASHINGTON—Some 20,000 international volunteers have traveled to Ukraine to join in the fight against invading Russian forces, a top Ukrainian official said Sunday. "This number is around 20,000 now. They come from many European countries mostly," Foreign Minister Dmytro Kuleba told US broadcaster CNN. "Many people in the world hated Russia and what it was doing in recent years, but no one dared to openly oppose and fight them," he said. "So, when people saw that Ukrainians are fighting, that Ukrainians are not giving up, many felt motivated to join the fight" and bring Russia to account for its invasion.” Meanwhile, Russia declined to attend a hearing at the United Nations' top court

CROSSING TO SAFETY.

Evacuees cross a destroyed bridge as they flee the city of Irpin, northwest of Kyiv, on March 7. Ukraine dismissed Moscow's offer to set up humanitarian corridors from several bombarded cities on Monday after it emerged some routes would lead refugees into Russia or Belarus. AFP

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Comelec: Skip prexy debates, face penalty By Vito Barcelo

PRESIDENTIAL and vice-presidential aspirants who will skip the debates organized by the Commission on Elections (Comelec) cannot air their electronic rally (e-rally) on the poll body’s platform, according to its

spokesman James Jimenez. “We do have a e-rally that we do allow them to use the platform and one of the agreements is that if they skip the debates, then they will not be able to air their e-rallies on our e-rally platform,” Jimenez said during a memorandum of agreement signing between the Comelec

and Vote Pilipinas. Jimenez said that would be the result for candidates who would not participate in the debate. The Comelec is organizing presidential and vice presidential debates for the May 2022 polls which will be held on March Next page

SolGen asks SC to void Rappler deal Nograles named By Rey E. Requejo as Civil Service Commissioner New law raises sexual consent to age 16 NO GUNS, JUST ROSES. Lady officers of the Manila Police District (MPD) receive flowers from their superiors on the eve of International Women's Day celebrations on Monday after the regular flag ceremony at the MPD headquarters along United Nations Avenue in Manila. Norman Cruz

By Vito Barcelo and Maricel V. Cruz PRESIDENT Rodrigo Duterte has signed into law a measure raising the age of sexual consent from 12 to 16 years. Signed on March 4, 2022, Republic Act 11648, which amended RA 7610 or the Special Protection of Children Against

Abuse, Exploitation, and Discrimination Act, increases the age for determining the commission of statutory rape in a bid to provide stronger protection for children against sexual abuse and exploitation. The new law also provides additional protection to minors aged 16 and under against qualified seduction, child prostitution and other sexual abuse, child

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summary of the case. The Solicitor General earlier gave Comelec until March 4 to rescind the MOA, which it signed with Rappler on Feb. 24. If it did not, the OSG said it would file a case in court to nullify the agreement. “Today’s event is an unprecedented one, as the government’s chief lawyer sues one of its statutory clients ultimately in the interest of preserving the integrity of the country’s elections which is just two months away,” the OSG said.

THE Office of the Solicitor General (OSG) on Monday asked the Supreme Court to stop the Commission on Elections (Comelec) from implementing its memorandum of agreement with the online news service Rappler to provide “fact-checking, poll-related content production, and voter awareness promotion during the election season.” In a petition, the OSG argued that the agreement violated the Constitution and “Given the urgency of the situation and the was onerous to the government. transcendental importance of the issues The OSG did not provide the media copies of the petition but provided a Next page

FORMER Cabinet Secretary and acting presidential spokesperson Karlo Nograles has been named chairperson of the Civil Service Commission (CSC). A livestream from state-run RTVM showed President Rodrigo Roa Duterte administering the oath of Nograles as new CSC chairperson at Malacañang. Photos of Nograles’ oath-taking ceremony were also shared to reporters. Next page


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