Marcos downplays impact of Mideast conflict on PH economy

The Manila Times

Marcos downplays impact of Mideast conflict on PH economy  President Ferdinand Marcos Jr. on June 25 says the impact of the ongoing tensions in the Middle East  on the Philippine economy remains 'manageable.' Marcos gave the assurance during the destruction of P9.48 billion worth of seized illegal drugs at the Clean Leaf International Corporation in Capas, Tarlac.  VIDEO BY MPC POOL  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net     Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein   #TheManilaTimes #TMTNews #MarcosJr #Philippines

Transcript

00:00And ETH yesterday was to assess the effects of the then-Israel-Iran conflict on especially oil prices.

00:09And so we looked at it and we looked at it and inanalyze namin kung paano ang magyayari.

00:20And nakita natin that the effect on the economy should be manageable.

00:26May effective, kahit paano pagpumasang bayo namin-namin.

00:29But, even before our meeting, nag-announce na ng CIS file, pati yung Amerikan, kapagpumasok na rin,

00:39nag-announce na ng CIS file, yung presyo ng langis umalik sa piyati.

00:47Kung nakliyan ng $79 per file, bumaba ulit.

00:53Pagkatapos na-announce ang CIS file, bumaba ulit ng $69 kung saan siya nang galing.

00:58So, so far, there is no effect.

01:02So, there is no significant effect on the economy.

01:07Yung lang ang pinagpapang binapatlayin natin ngayon, yung price counting.

01:12May nag-announce na ang pagpapang binapatan ang presyo.

01:15May sige naman pumasang presyo ng presyo.

01:17May sige naman pumasang presyo ng presyo.

01:19May sige naman ang pagpapang tayo na tayo.

01:21Pero tuloy po yung mga ayuda, kahit bumaba yung presyo, tuloy pa rin yung mga ayuda.

01:25May sige naman pumasang presyo sa ating mga drivers.

01:30May sige naman pumasang presyo,

01:32then we'll do the same right before.

01:39What can we say is that it's not a subsidy.

01:45It's not a massive pressure.

01:47If it's not a massive pressure,

01:49it's based on its product.

01:51We can say we can do this as a measure.

01:54Sir, some transport groups are saying that the subsidy is not enough.

01:57What can we say?

01:59The price of oil has not gone up.

02:06The price of oil has not gone up.

02:09It went up for one day, then it came back up.

02:29It could go up for two days.

02:30It could go up for ten days like that.

02:35It could go up for a change, but it could go up for three days!

02:40The price of oil has never left.

02:43The price of oil has not been sold as well.

02:46It could go up for three days or two months.

02:49It could go up for $7.

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