MS OPINION-COLUMNS│While fuel prices go north, incomes go south With the Russian invasion of Ukraine pushing up the prices of fuel and other commodities, it appears that the Duterte administration does not see the need to declare an econo- more columns 👇
With the Russian invasion of Ukraine pushing up the prices of fuel and other commodities, it appears that the Duterte administration does not see the need to declare an economic emergency since the situation is beyond the government’s control.
There is no legal impediment that would stop the executive department from doing this, the lawmaker emphasized: “We are not seeking an exemption from taxes here, and therefore a strict construction of the law is misplaced”. He was referring to the Tax Reform for Acceleration and Inclusion law. According to the Department of Energy, if Dubai crude reaches $120 per barrel, gasoline prices may rise to P78.33 per liter, while diesel may leap to P68.97 per liter.
The national nuclear power program seeks to “ensure the peaceful use of nuclear technology anchored on critical tenets of public safety, national security, energy self-sufficiency, and environmental sustainability.” The use of nuclear energy is seen to address the increasing demand for clean energy, rising by 4.4 percent annually, or an additional capacity of 68 gigawatts by 2040.
The EO cites a Public Perception Survey on Nuclear Energy in 2019 that showed almost 79 percent of Filipinos expressing approval or acceptability of the possible use or rehabilitation of an existing nuclear power plant. The same survey showed that 65 percent approved the construction of new nuclear power plants and 78 percent are open to learning more about nuclear energy.
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