Skip to playerSkip to main content
  • 3 years ago
The National Economic and Development Authority (NEDA) said the government must first ensure that the momentum of the country's growth is not affected adversely before approving any fare increase in public transportation. (Video Courtesy of RTVM)

READ MORE: https://mb.com.ph/2023/8/23/neda-ensure-ph-growth-momentum-before-approving-5-peso-fare-hike


Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin

Visit our website at http://mb.com.ph
Facebook: https://www.facebook.com/manilabulletin
Twitter: https://www.twitter.com/manila_bulletin
Instagram: https://instagram.com/manilabulletin
Tiktok: https://www.tiktok.com/@manilabulletin

#ManilaBulletinOnline
#ManilaBulletin
#LatestNews
Transcript
00:00 Of course, any policy actions that we make, especially those affecting a big part of the
00:08 economy, would have to take into account the broader picture and particularly the broader
00:14 objective of ensuring that we will keep the momentum of growth going.
00:23 We will continue the progress that we have made in recent months in slowing down inflation,
00:30 that we do not also slow down the progress that we are making in the labour market.
00:38 As you have seen, the labour market has been showing us lower and lower unemployment and
00:46 under-employment rates, and we want to continue those, as well as, and perhaps more importantly,
00:57 improving the quality of employment.
01:01 Those considerations have to be taken into account in approving requests or appeals for
01:12 things like higher transport fare, but ultimately it will also depend on the evaluation of the
01:23 concerned agencies, the implementing agencies.
01:25 Thank you.
Comments

Recommended