Thursday, June 8, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Solon warns cost of bread to increase by P2.30 soon

Rio N. ArajabyRio N. Araja
March 14, 2022, 12:50 am
in News, Top Stories
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Albay Rep. Joey Salceda on Sunday warned that the price of bread will go up as Russia’s war in Ukraine drags on, and called for ways to keep “everyman’s breakfast” affordable.

Salceda, committee on ways and means chairman, said the price of the average “Pinoy Tasty” loaf of bread could go up by P2.30 in the coming weeks as Russia and Ukraine are among the world’s largest wheat producers.

“The oil price impact on the price of loaf at around $110 per barrel of crude is around P0.40, while wheat has increased $100 per ton since Russia’s incursion into Ukraine. I expect a transmission of around P1.90 per loaf over the coming weeks once milled wheat stocks begin to diminish and we start milling imports at higher prices,” he said.

“Because this is the everyman’s breakfast, and this conflict appears to have dire nutritional consequences on the average Filipino. The oil price is already affecting some price transmission on other goods, especially agricultural produce and fish,” he added.

He said he expects 1.3 million Filipinos to become poorer as a result of higher oil prices this year.

“Hunger may become more pervasive too, if wheat price increases do not see some abatement over the coming weeks,” he said.

“By the looks of it, even if Russia somehow withdraws, or some compromise is achieved that allows farmers in Ukraine to plant wheat, supply chain issues will linger because sanctions on Russia will not disappear overnight,” he added.

As a mitigating measure, he said the country should begin to secure its orders from alternative sources, such as Canada and the United States of America.

He proposed three measures to mitigate the impact of the price increases on the Filipino diet and nutrition.

“First, I urge the Department of Health and the National Nutrition Council to direct the nutritional fortification of loaf bread, so that at the very least, if prices do increase, Filipino families will get nutritional value for money. Second, I am officially requesting the Department of Trade and Industry to ensure that prices do not increase beyond the price transmission due to higher input costs. Without intensive monitoring, price increases tend to overshoot actual input cost increases. We saw that during the first few months of the TRAIN Law, when even products without an oil or sugar component would increase in prices,” he said.

“Third, I am requesting the DOH and the local governments to work more closely to fully implement the country’s mandatory feeding programs. Although there are no face-to-face classes, that does not stop LGUs from utilizing 20 percent of their Special Education Fund under Section 7 of RA 11037 towards feeding programs for school-age children.

As we cannot implement these programs through schools, yet, we should be able to do them through barangays and day care centers instead,” he said.

“As I’ve warned earlier, the worst is yet to come about this conflict and its effect on Filipino families. The economy at large will be okay, I believe. We will still see good growth numbers. But the poor will suffer harder during this crisis, and we have a moral duty to make sure they don’t fall too hard through the cracks,” he said. “Relief to the severely distressed is a moral obligation for the government,” he said.

Last week, President Duterte said he was considering calling a special session of Congress to discuss a possible state of economic emergency and other recommendations of his Cabinet to mitigate the impact of the Russian invasion of Ukraine on the local economy.

Senators on Tuesday supported calls for a special session to declare such an emergency, although Energy Secretary Alfonso Cusi – a member of Duterte’s economic team — said there is no need to do so yet, despite the ongoing war in Ukraine that has pushed oil prices to unprecedented levels.

Tags: breadJoey SalcedapriceRussia-Ukraine war
ADVERTISEMENT
Rio N. Araja

Rio N. Araja

Related Posts

UK to host first AI summit

byAFP
June 8, 2023, 7:25 pm
0
8
UK PM backs ‘radical’ action to resolve healthcare crisis

British Prime Minister Rishi Sunak on Wednesday announced a world-first summit on artificial intelligence, seeking a leading role for the...

Read more

37 Chinese warplanes cross into Taiwan

byAFP
June 8, 2023, 7:20 pm
0
8
Southwoods nails Seniors’ Fil golf crown

More than 30 Chinese warplanes entered Taiwan’s air defense zone over the course of about six hours, the island’s defense...

Read more

The grief of one of the last ‘sworn virgins’ of Albania

byAFP
June 8, 2023, 7:15 pm
0
8
The grief of one of the last ‘sworn virgins’ of Albania

LAST OF THE SWORN VIRGINS. Gjystina Grisha, a ‘Burrnesha’ (sworn virgin), smiles as she sits at a table in her...

Read more

Australia to ban Nazi hate symbols

byAFP
June 8, 2023, 7:10 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Australia on Thursday announced it will ban the public display of Nazi symbols, as the country wrestles with a small...

Read more

Floods over 600 sq. km. after dam breach

byAFP
June 8, 2023, 7:05 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Flooding from the Kakhovka dam breach extends over 600 square kilometers on the Ukrainian-held right bank of the Dnipro River...

Read more

WhatsApp debuts one-to-many broadcasting ‘Channels’

byAFP
June 8, 2023, 4:00 pm
0
8
WhatsApp debuts one-to-many broadcasting ‘Channels’

WhatsApp on Thursday began letting select organizations try a new feature called "Channels" that lets them broadcast to followers on...

Read more

Print Edition

View More

Recent Posts

  • Team PH matches Surakarta games’ haul with javelin gold
  • Vargas voted swim chief; Buhain is secretary general
  • Singson rolls to 3-shot title romp
  • Knights come from behind to frustrate Lions in finals’ opener
  • Jack Animam poised for even bigger things
  • Battle royale up in Subic IRONMAN
  • Spoelstra: We didn’t offer much resistance
  • Bicycle day

Advertisement

Latest News

Battle royale up in Subic IRONMAN

byManila Standard Sports
June 8, 2023, 9:15 pm
0
8
PH bets seek breakthrough in full IRONMAN

While focus will be on the Century Tuna full IRONMAN Philippines, a mix of fearless bidders from at least 29...

Read more

Spoelstra: We didn’t offer much resistance

byAFP
June 8, 2023, 9:10 pm
0
8
Spoelstra: We didn’t offer much resistance

Jamal Murray of the Denver Nuggets battles for the ball against Haywood Highsmith and Caleb Martin of the Miami Heat...

Read more

Bicycle day

byManila Standard
June 8, 2023, 9:08 pm
0
8
Filipino entrepreneur

McDonald’s Philippines president and chief executive Kenneth Yang joins cycling participants at McDonald’s Quirino Mabini for the 2nd Tour de...

Read more

Filipino entrepreneur

byManila Standard
June 8, 2023, 9:06 pm
0
8
Filipino entrepreneur

Converge ICT Inc. co-founder and chief executive Dennis Anthony Uy is representing the Philippines in the EY World Entrepreneur of...

Read more

Arcilla targets top finish in Bautista Open

byManila Standard Sports
June 8, 2023, 9:05 pm
0
8
Arcilla foils Seno, bags Naga Open tennis title

Mult-titled Johnny Arcilla hits the hard courts again down South, aiming not just for another Open championship but also the...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App