President Ferdinand “Bongbong” Marcos Jr. on Sunday said the government is ramping up assistance and closely monitoring the prices of basic goods and supplies as global tensions in the Middle East continue to pose risks to the Philippine economy.
In his latest vlog titled “Krisis sa Langis,” the President assured Filipinos that measures are in place to cushion the impact on households and key sectors.
He cited ongoing relief measures, including the continued implementation of the government’s Libreng Sakay program nationwide, with operations sustained in Metro Manila, Metro Cebu, and Metro Davao, as well as a 50-percent fare discount in LRT-2 and MRT-3 starting March 23.
“The release of other funds for cash relief and subsidies is ongoing in various agencies. Fuel subsidy in DOTR has been released,” Mr. Marcos said in Filipino.
“Nearly 100,000 tricycle drivers received assistance on March 20. The nationwide rollout for other transportation sector workers will also begin on April 6,” he added.
The President also assured the public that rice supply remains sufficient and stable, noting that prices are under control.
“There is also talk of putting a price cap on rice. Let’s wait and see. So, we have no problem with rice. The supply is sufficient, and we can still control the price,” Marcos said.
