Philippines’ Marcos Says Has Power to Control Consumer Prices
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Philippine President Ferdinand Marcos Jr. said he has the power to rein in prices of consumer products and does not need to seek authority from Congress to address domestic inflation that’s currently at a 14-year high.
“I do not think that it is necessary to ask for special powers. I have already the power to declare an emergency and to control the prices of commodities. So I don’t think there is any need for more than that, that is sufficient,” Marcos said in a statement issued on Wednesday by his communications office.