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WITH oil costs hovering at over $100 per barrel and inventory markets going through elevated volatility amid the continuing battle between Russia and Ukraine, Partido Reporma standard-bearer Panfilo ‘Ping’ Lacson mentioned Filipinos should anticipate the prices of dwelling to rise much more within the coming days.
In a radio interview on Saturday, Lacson mentioned, partly in Filipino, “I believe we are able to summon the members of our financial cluster, particularly our financial managers, as a result of we now have to anticipate its potential results on our economic system to not point out that we’re nonetheless in the midst of a pandemic, we now have not but totally recovered, particularly our MSMEs (micro, small and medium enterprises).”
The presidential aspirant mentioned Filipinos might really feel the ache of the escalating tensions between Russia and Ukraine on the costs of primary commodities and providers, that are at all times affected at any time when oil costs soar, as a result of prices of transportation.
“Doon na makikita natin ang tama niyan sa pangkaraniwan nating mga kababayan, hindi lang transport sector kung hindi ‘yung mga commuter, kasi sa ngayon might nag-pe-petition na ng taas ng pasahe. Tapos, siyempre, ‘yung presyo ng mga items at saka mga providers tatamaan din kasi gumagamit lahat ‘yan ng langis,” Lacson defined.
[That’s where we would feel its impact on our ordinary citizens, not only the transport sector, but also the commuters because right now there are petitions already for fare hikes. And then, of course, the prices of goods and services will be hit as well because they are using fuel.]
“‘Yon ang ano… Though hindi nga direkta ‘yung tama pero talagang tatamaan tayo kasi hindi lang naman Pilipinas, buong mundo nararamdaman na ‘yung nangyayaring invasion doon sa Ukraine,” the Partido Reporma chief added.
[Those are (the unintended consequences). Although the effect is not direct, we will feel it, not only the Philippines but the entire world is already impacted by the ongoing invasion in Ukraine.]
Locsin recommended
Lacson, in the meantime, recommended Overseas Affairs Secretary Teodoro Locsin for spearheading the efforts to maneuver over 300 Filipino nationals out of hurt’s method in Ukraine days after Russian President Vladimir Putin ordered army offensives within the former Soviet republic.
Locsin, who was attending an EU-Asean assembly in Paris when Russia attacked Ukraine, mentioned he’ll go to Poland to personally oversee efforts to assist Filipinos trapped by the preventing.
The Division of Overseas Affairs (DFA) is attempting to assist Filipinos caught within the crossfire within the affected cities of Ukraine to get throughout its border on Poland, the place their eventual repatriation shall be organized. This exit plan was drawn after Ukrainian airports have been closed as a result of ensuing battle.
“I simply hope na walang masaktan. Kasi nasa mga roughly 300 lang naman yata ‘yung mga kababayan natin pero maski isa lang ‘yung kababayan natin, obligasyon natin na ilikas sila sa lugar na ligtas,” Lacson mentioned.
[I just hope no one gets hurt. Because even if we say we only have more or less 300 countrymen there, or even if we only have just one, it is our obligation to evacuate them to safer locations.]
Lacson was talking in his capability as a possible future president and incumbent chairman of the Senate Committee on Nationwide Protection and Safety, Peace, Unification, and Reconciliation abreast in managing geopolitical dangers.
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