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Bacolod City, Philippines Monday, January 22, 2018
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Price hikes painful pill: VG
BY GILBERT BAYORAN

The expected increase in prices of commodities, resulting from the excise tax on fuel, “is a painful pill that we have to take”, Negros Occidental Vice Gov. Eugenio Jose Lacson yesterday said.

Stressing the importance of the people's trust in President Rodrigo Duterte, who got an 81 percent trust rating, Lacson said “If the president says we need this money for build, build build, then the people expect the build, build, build to come. That is what is important”.

Lacson, who attended yesterday the 42nd Sinulog Festival in Kabankalan City, added “In Negros Occidental, we hope the part of the build, build, build is the bridge to connect Negros Occidental- Guimaras-Iloilo”.

Earlier, Gov. Alfredo Marañon Jr. had appealed to businessmen not to use the Tax Reform for Acceleration and Inclusion (TRAIN) Law as an excuse for illegal profiteering.

Negrenses have been complaining over the increase in the prices of some commodities, including the fare increase of a bus company, that took effect Saturday.

“Because of TRAIN, at the end of the day, or in the near future,” Lacson said “We can see the benefits for Negros Occidental”.

Everybody has to accept this, Lacson said, apparently referring to the increase in prices of commodities, because of the imposition of excise tax. But we can also expect salaries to go up, he added.

I hope DTI will be on top of the situation to see if the increase in prices of commodities is reasonable, he also said.

Lacson added that the activation of the price monitoring council will be the job of local government units.*GPB

 

 

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