Manila Standard - 2022 July 8 - Friday

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File photoon datedA4) July 27, 2016 shows President Duterte during a National Security Council meeting attended by four former presidents (Story including (from left) Joseph Estrada, Gloria Macapagal-Arroyo, Fidel V. Ramos and Benigno Aquino III. Presidential Spokesman Harry

PESO FALLS TO LOWEST LEVEL IN NEARLY 17 YEARS AT P56:$1

BUSINESS / B4

Roque says Malacanang is inclined to ask the four ex-presidents to attend a meeting on issues besetting the West Philippine Sea. NSC file

Rollback: Diesel P4, gas P3

DoE says price cuts due to world fuel cost drop by as much as $10 By Alena Mae S. Flores and Macon Ramos-Araneta

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UMP prices are likely to go down by P4 a liter for diesel and P3 a liter for gasoline next week after world oil prices declined by as much as $10 per barrel, the Department of Energy (DOE) said Thursday.

BORIS JOHNSON

Johnson quits Party post, on way out as PM

VOL. XXXVI ‱ NO. 142 ‱ 3 SECTIONS 12 PAGES ‱ P18 FRIDAY, FRIDAY JULY 8, 2022 ‱ www.manilastandard.net ‱ mst.daydesk@gmail.com

RISKY WORK.

A worker mounts steel at an ongoing construction work in Paranaque City. The country's unemployment rate rose to 6 percent in May—or about 2.93 million jobless Filipinos—from April's 5.7 percent. Danny Pata

BORIS Johnson resigned on Thursday as leader of Britain's Conservative party, paving the way for the selection of a new prime minister after dozens of ministers quit his scandal-hit government. "It is clearly the will of the parliamentary Conservative party that there should be a new leader of that party, and therefore a new prime minister," Johnson said outside 10 Downing Street. Johnson, 58, announced that he would step down after a slew of resignations Next page

Jobless Pinoys in May up 6% to 2.93 million By Julito G. Rada and Maricel V. Cruz THE unemployment rate for May 2022 has increased to 6 percent from 5.7 percent in April, translating to about 2.93 million jobless Filipinos, up from April’s 2.76 million. The Philippine Statistics Authority said May’s jobless rate was lower than the 7.7 percent recorded in the same Next page month last year.

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BBM scraps PACC, reshuffles PCOO, adds appointees By Vito Barcelo, Vince Lopez and Macon Ramos-Araneta

Commission (PACC) and transferred its jurisdiction, powers and functions to the Deputy Executive Secretary for Legal Affairs, the Palace said Thursday. PRESIDENT Ferdinand Marcos Jr. has Executive Order No. 1 also abolishes abolished the Presidential Anti-Corruption the Office of the Cabinet Secretary and the

Office of the Presidential Spokesperson— all agencies formed by President Rodrigo Duterte in 2017. “In order to achieve simplicity, economy and efficiency in the bureaucracy without... disruptions in internal

management and general governance, the administration shall streamline official processes and procedures by reorganizing the Office of the President proper and the various attached agencies and offices, and

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DOH: Booster not mandatory, but there's need to ramp it up By Willie Casas

AHEAD OF THE -BER MONTHS. Salvador Catarining, 42, assembles Christmas lanterns made of capiz shells at a shop along Emilio Aguinaldo Highway in Dasmarinas City, Cavite on Thursday, July 7, 2022. He has been making different types of lanterns for 14 years now. Gil Calinga

THE administration of COVID-19 booster shots, as well as the primary vaccine series, are still not mandatory in the country, the Department of Health (DOH) clarified on Thursday. This came after it was earlier reported (not Manila Standard) that President Ferdinand Marcos Jr. had agreed to the proposal of the Health Department to require the first booster dose against COVID-19 before a person could be deemed fully vaccinated against the disease. “We also did not give any statement that boosters will become mandatory.

'Marcos mulling 3 EU nations out warning on 'Lucky Me!' speech at UNGA, may meet Biden' PRESIDENT Ferdinand Marcos Jr. is mulling over attending the United Nations General Assembly in New York in September, where he may deliver a speech, Philippine Ambassador to the United States Jose Manuel Romualdez said Thursday. A side meeting with US President Joe Biden is possible at the UN, butRomualdez said he prefers a separate Next page

Rino Abad, DOE director for the Oil Industry Management Bureau, said the decline in world oil prices will likely to offset the impact ofthe peso’s depreciation against the US greenback. From June 27 to July 1, the Philippine peso depreciated week-on-week against the US dollar by P0.56 to P54.97 from P54.41 the previous week. The peso further depreciated to P56.06 versus the US dollar on Thursday. Abad attributed the drop in world oil prices to ongoing concerns over US interest rate hikes. Meanwhile, concerns of a slowdown in global economic demand also affected oil prices. The DOE said world oil prices remained volatile amid concerns of supply tightness and recession fears. On July 5, the oil companies cut diesel prices by P3 a liter and kerosene by P3.40 a liter. Gasoline prices did not move. These adjustments brought net increases of P42.90 per liter for diesel, P36.35 per liter for kerosene and P30 per liter for gasoline since the start of the year. President Ferdinand Marcos Jr. met with key Energy officials Thursday to address the continued rise in oil prices. No details of the meeting were released, however.

THE governments of Ireland, Malta, and France have recalled several variants of the popular Filipino noodle brand Lucky Me!, particularly the noodle soup and pancit canton variants manufactured between 2021 and 2022. In separate advisories, the European Union (EU) countries warned their consumers due to supposed high levels of ethylene oxide, a gas commonly used as a pesticide, in the noodles. "This pesticide (gas) is not authorized for use in foods sold in the EU. Although the consumption of the contaminated

product does not pose an acute risk to health, there may be health issues if there is continued consumption of ethylene oxide over a long period of time. Therefore, exposure to this substance needs to be minimised," the Irish government said in its advisory. The variants in question include the original, hot chili, kalamansi, and ‘chilimansi’ flavors of Lucky Me! Pancit Canton, as well as Lucky Me! beef mami flavor. Next page

That is not in our directive and pronouncements,” Health Undersecretary Maria Rosario Vergeire said at the DOH briefing. “We are saying that we really need to increase the level of booster uptake here in our country because we can see, and even our experts are saying, that our immunity for our population is already waning. So, we need to raise the level of our vaccinations, specifically our boosters,” she explained. Meanwhile, the DOH said it detected 140 additional cases of COVID-19’s Omicron subvariant BA.5 from various Next page

RECALLED. Several variants of Lucky Me! Noodle soup and pancit canton were recalled by Ireland, Malta and France for supposed high levels of ethylene oxide.

UN: 71m poor due to soaring food, oil prices SOARING global food and energy prices have forced 71 million people into poverty in the world's poorest countries, according to a United Nations Development Program report published Thursday. The rise in the developing world's poverty rates over the past three months "is drastically faster than the shock of the COVID-19 pandemic," said the UNDP in a press release, blaming the price surges in part on the war in Ukraine. To address the growing issue, the UNDP said "targeted cash transfers to households are more equitable and more cost-effective than blanket energy subsidies," but the UN agency added that governments will "need support from the multilateral system to make ends meet." The UNDP also warned in its report that as central banks raise interest rates to tackle inflation, "there is a risk of triggering further recession-induced poverty that will exacerbate the crisis even more, accelerating and deepening poverty worldwide." Next page


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