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SunStar File April 09, 2021 THE National Economic and Development Authority (Neda) has urged the public and private sector to take advantage of the digital economy and e-commerce, especially for agricultural products and other basic commodities.
Neda Acting Secretary Karl Chua said digital platforms provide benefits to producers, who can market their goods to more buyers, and to consumers, who are given more options.
“In managing inflation throughout this crisis, we must innovate and adapt quickly. The government will continue to adopt evidence-based policy actions and seize opportunities to guarantee the Filipino people’s access to affordable, nutritious food and high-quality goods and services,” Chua said in a statement.
Philippines: Vegetable prices drop significantly
According to the chiefs of the Department of Agriculture (DA) and the Department of Trade and Industry (DTI), prices of vegetables dropped significantly in the Philippines, while prices of non-agricultural products remain stable.
“Our [vegetable] prices are significantly lower at an average of 50 percent, much lower compared to February,” DA secretary William Dar said on Wednesday. He added that the supply of vegetables is abundant and prices are low. For non-agricultural products, DTI Secretary Ramon Lopez said there have been no price increases for basic necessities and commodities since September 2019.
Both officials vowed to monitor the movement of prices and supply of food products in the domestic market to ensure that Filipinos would not be faced with higher food prices while struggling amid the pandemic. March 2021 inflation eased to 4.5 percent from the 26-month high of 4.7 percent in February. The Philippine Statistics
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POE ON COMMUTERS PLIGHT
Sen. Grace Poe said the government must look into the plight of commuters at risk of contracting the coronavirus as they scramble for rides daily amid the scarcity of public transport, jacking up their transportation expenses.
The Philippine Statistics Authority (PSA) reported a slight deceleration in inflation in March but reported a hefty increase in the transportation index which accounts for 25.5 percent of total inflation. The lack of PUVs is the reason why people cram themselves into buses and jeeps that are available because they do not know when the next ride will come, said Poe, chairperson of the Senate committee on public services.
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