Philippines ready for oil price increases

MANILA — The government is ready to implement its old but effective measures to avert the domino impact on the domestic fuel prices of oil price increases in the global market.

Executive Secretary Eduardo Ermita said in his weekly press briefing in Malacanang this afternoon that this is in response to the plan of multinational oil companies to impose a series of oil price hikes in the next few weeks.
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Philippines welcomes leftist solon’s decision to testify on killings

MANILA — Malacanang welcomed today the move of Rep. Satur Ocampo of the militant party-list Bayan Muna and the Alliance for the Advancement of Human Rights (KARAPATAN) to participate in the investigation of the extrajudicial killings and other human rights violations being conducted by the Melo Commission.
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Philippines ready to act on adverse effects of strong peso

MANILA — Mitigating measures to help exporters and families of Overseas Filipino Workers (OFWs) cope with the adverse effects of the strong peso are now in place, according to Malacanang.

Executive Secretary Eduardo Ermita said in his weekly press briefing this afternoon that while the government and the Bangko Sentral ng Pilipinas (BSP) will not interfere and let the market determine the exchange rate, it is ready to act to prevent changes that are too fast.
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