SUMMARY

MANILA, Philippines – Ramon Ang, one of the richest Filipino tycoons, has a proposal to curb pesky inflation: protect the West Philippine Sea and further tap its gas reserves.

In an economic forum on Monday, May 27, government economic managers discussed the ways to bring inflation within target range, including managing interest rates and addressing supply chain bottlenecks.

When the audience got the opportunity to ask the economic team, which included Finance Secretary Ralph Recto, National Economic and Development Authority Secretary Arsenio Balisacan, and Budget Secretary Amenah Pangandaman, Ang stood up to comment on the issue.

“As you know, we, San Miguel and Petron is in Malaysia. In Malaysia, the prices of gasoline is P20 per liter. In the Philippines, it’s 60. [Th…

Source:https://www.rappler.com/business/ramon-ang-says-protect-west-philippine-sea-help-curb-inflation/