Here lie the fundamental problems of the Arroyo regime’s approach to the energy sector. First, the quick-fix oil tariff cut, in reality, has an insignificant impact on ordinary oil consumers. It did reduce diesel prices by P1 per liter but the prices of other petroleum products like gasoline, kerosene, and LPG that are commonly used…
Tags: arroyo admninistration
Moody’s Upgrade Not a Sign of Fiscal Health for RP
Rating to result in more debts, says think-tank The Philippines’ fiscal crisis remains and could come to a head in 2008 despite the upgrade given by international ratings agency Moody’s Investors Service. The likelihood of this will increase the more adverse impact of the US economy’s troubles on Philippine exports, remittances and financial markets. BY…