The Manila Times

Tighten your belts, folks!

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we can count on your words.

Don’t just wait for complaints to - dinary consumers don’t have much time to spare to go through the

We all know that the single act of Congress to raise taxes creates a dominoeffe­ct on consumer prices. Not only that, utility companies have already announced rate adjustment­s.

petitions for fare rate increases by almost half of the current rates.

Ride-hailing company Grab has asked the Land Transporta­tion Franchisin­g Regulatory Board (LTFRB) for to P14 per kilometer traveled to P11 to increase its P2 per minute charge to P2.10 per minute.

A labor group has stated that it will there is an extraordin­ary increase in prices of basic commoditie­s such as is an excessive surge in the cost of services such as transport fares, tuition fees, electricit­y and water rates.

Any wage increase is yet another situation that businesses take advan- tage of to raise prices of commoditie­s. We are indeed in a never-ending race for price adjustment­s.

Don’t get hoodwinked by the hype that you will have a higher take-home pay starting this month owing to the higher income tax exemptions. As I have said in my previous pieces about this, the additional amount is easily eaten up by price increases. Yet, basic services are consistent­ly deteriorat­ing.

Maybe those who are in positions of power or have much easymoney to burn don’t feel what ordinary workers have to endure to hurdle everyday challenges.

I just hope to see government tightening its spending to make sure that every centavo in tax money is spent judiciousl­y. I wish that President Duterte does not engage in double talk in his campaign against corruption in the bureau for unnecessar­y foreign travels, then he should also limit the size of his entourages duringhis foreign trips by excluding junketeers.

Scrimping on travel and unnecessar­y spending like hiring incompeten­ts is an important element of good governance.

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