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Tuesday, July 08, 2008

 

EAST WEST
By Julius F. Fortuna
GMA should be open to price control

 
Government should intensify the call for austerity. Austerity in all aspects—in our personal lives and also, in the way the government spends its money. The elite should avoid the consumption of expensive goods sourced from abroad. In that way, we can save on precious dollars.

In truth, we are an importing nation. We get most of our oil and raw materials from abroad. We are not self-sufficient, even in rice. As the ordinary man knows now, we get mostly of our wealth from remittances of overseas workers. But we consume a lot, specially luxury goods. Ask the Bangko Sentral how much we allocate dollars earmarked for luxuries and you will be shocked. Go to any mall and you will see people buying expensive items.

If I am bit alarmist, we are almost in a war situation. It is also because of the continuing oil price increases. Every Saturday, we see gasoline and diesel prices increase. Our budget for LPG goes up every week too. And what solutions do we see? Nothing. We only wait for the inevitable—the diminution of our peso value. Hanggang kailan kaya ito titigil—ang pagtataas ng mga presyo?

These are the times when the government should be decisive. It should be strong as it should be caring. It should not rely on old formulas like depending on the private sector to manage the economy. That would be ruinous. Excuse me, but the businessmen cannot be relied upon to work for the general interest. Businessmen are interested in returns on their investment. That is their nature.

Government should now be open to price control because of the crisis. Congress should consider this for the sake of the helpless public. The old thinking, carried out during the Cory government, that price control is bad no longer holds. Price control can be applied intelligently, without being anti-business.

I often see officials of the trade and industry agonize over the question of applying price controls. They often tend to be ideological, lecturing on the virtues of free trade and globalization. Little do they realize that the people are already suffering and government is already being pilloried for helplessness.

If the government applies price control, expect the chambers of commerce to balk. But government should not be worried. It is its mandate to help the people in times of crisis. If the government cannot help the people, why is there is a need to retain this institution?

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Ateneo’s Utopia helps Western Visayas

Aside from government and foreign institutions, the private sector is also helping the people of Western Visayas (and that should also include Romblon which borders South Luzon). One of these groups is the Ateneo fraternity Utopia whose alumni group is now headed by Tony Bernardo, the former Customs Commissioner.

Bernardo and former envoy to Iraq Boy Parungao went to Kapihan sa Sulo last Saturday to call for donations, in cash and in kind, to help the victims. They are helping their fraternity brothers in the region who are also mayors. Part of the donations will go to Mayor Jerry Trenas of Iloilo City and New Washington, Mayor Ed Peralta of Aklan

Iloilo City was devastated by floods and people need food, construction materials for their destroyed homes. By the way, even the family of Trenas was imperiled by the floods, which hit the city for the first time since its existence.

By the way, Mayor Ed Peralta has revealed that the monument of Cardinal Sin now stands in the plaza of New Washington. Sin came from this town, starting as a parish priest before being chosen by the Pope to lead as Archbishop of Manila. The monument was donated by former envoy to Laos, Mr. Antonio Cabangon Chua.

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Pacquiao to carry RP banner in Olympics

The decision of President Gloria Arroyo to appoint boxer Manny Pacquiao ambassador to the Beijing Olympics is a popular move. I would like to see Manny carry the banner leading around 30 Pinoy athletes during the opening ceremonies. Other countries have chosen their more popular athletes. For China, it will be basketball star Yao Ming who plays for the national team and the Houston Rockets.

I suggest that Manny be tapped by Solar Sports television to comment on the Olympic boxing bouts. With his experience in boxing, he would be able explain to us laymen the beauty of the game and the intricacies of scoring in the amateur field. Manny would definitely be a hit in Beijing, with his enormous prestige in the boxing world.

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BRIEF NOTES. The Comelec launched on Saturday its website for the coming ARMM elections. It’s www.armm2008.com.ph. By the way, the Comelec has already chosen through bidding the firms which will automate the transmission and counting of ballots. These firms are Smartmatic-Sahi and Avante.

jules42na@yahoo.com

   
 

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