NEDA explains how Israel-Hamas war affects PH inflation

Manila Bulletin

The Philippines has “clear priorities” and plans in place to contain the impact of the Israel-Hamas conflict on the country’s inflation rate, National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon said on Tuesday, Nov. 7. (Video Courtesy of RTVM)  READ MORE: https://mb.com.ph/2023/11/7/neda-explains-impact-of-israel-hamas-war-to-ph-inflation   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 We have actually done several scenarios with respect to this Israel-Hamas war.

00:09 And actually even World Bank has also done their calculations.

00:14 Right now, the consensus is that it will be contained.

00:18 That's the general consensus.

00:22 But in the event that it escalates, again, very clear ties of priorities.

00:28 Number one is to make sure that our OFWs there are safe, that we can bring them back safely.

00:34 And then number two, we need energy conservation measures, beginning with those in government.

00:42 And what else?

00:45 Because what will be affected immediately would be the fuel prices and then the energy

00:53 prices.

00:54 With respect to energy, there are already a lot of energy power plants and transmission

01:04 projects that are scheduled to be completed either this year or early next year.

01:13 So the instruction was to make sure that they will be on schedule.

01:19 So if that's the case, then we will maintain that the impact will be limited.

01:26 But like I said, we will still prioritize the safety of our OFWs.

01:30 Thank you.

01:31 [END]

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