Shadow

Strengthening of dollar to drive prices up: Guv

The entire country, not only Negros Occidental,  is faced with challenging and hard times  ahead with the strengthening of the dollar against the peso and the rising fuel prices,  Gov. Eugenio Jose Lacson said on Thursday, June  23.

The Philippine peso  was P54.4840 to the dollar on Thursday.

“Especially that we are an importing country, prices of commodities will  also go up and very clearly we see that also in the fuel price,” Lacson  said.

That is why he favors the postponement of  the barangay and Sangguniang Kabataan  elections for at least a year so government resources can instead be used for  pressing needs, and food security, he said.

Rep. Martin Romualdez (Leyte)  said that postponing the barangay elections would save the government P8.141 billion.

Lacson, who is set to take his oath as governor of Negros Occidental for a second term on Saturday, said he will outline what he intends to do for the province in the next three year in his speech.*

Secured By miniOrange