A stable peso& food security

However, it is still the state of the economy that is most relevant to the average Filipino. I was keeping track of two major economic news that made me wonder if this government has an economic czar coordinating the government’s overall economic direction. Hopefully, the economic policies of the administration are not dictated by short-term political goals or ensuring that the government addresses short-term problems without looking at the strategic economic consequences.

Xi Jinping said at the start of the year that one of the financial priorities of China was a strong currency. However, the renminbi value to the dollar recently fell below its Central Bank’s daily references. There have been warnings by the G7 countries about the seriousness of the depreciation of these Asian currencies. In fact, there was a joint statement by the US, Japan and Korea last week about the sharp depreciation of the value of the Japanese yen and the Korean won.

While this may be an effective, very short-term solution, the removal of non-tariff import restrictions will again reduce the income of our local farmers. From past experience, this practice has not necessarily led to reducing consumer prices. It must be the goal of our economic czar, whoever that is, to ensure a stable currency and reduce to a minimum our dependence on imported basic food commodity.What has changed in the snack habits of Filipinos? Discover in the State of Snacking reportBelo Medical Group leads in pioneering beauty booster Profhilo in Philippines; receives top award

From January 2001 til June 30, 2022, the Philippines did not have a first lady, that is a woman legally married to a male president of the republic.

Czar

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