Stinkeye Aggressive Growth Fund

[stinkeye]

Interesting PR from the Philippine Govt..........

Tacloban City (26 January) -- The country has barely tested the gains of economic growth yet it is again faced with the threat of spiraling oil prices.

The preceding years saw the country reel from the effects of price increases in the world market. Uncontrollable as it is, the government came up with mitigating measures to counter the effects of oil increases. The government initiated energy saving measures implemented among government agencies. The public was also enjoined in the energy-saving measures.

While the global trend on oil increases is beyond its control, the government is not sleeping on the job, coming up with measures that would ensure protection of consumers who would be the hardest hit by the double whammy of oil increases and the implementation of the 12% E-VAT this coming February.

The President is making sure that the entire economic team of the country will work on the best way on mitigating and calibrating the inevitable. Talks with oil companies and the business sector is a priority and parcel of the government's effort in ensuring that price hikes will not go beyond what the consumers can afford.

As in previous oil crises hitting the country, the government will again be implementing energy saving measures and will vigorously pursue the search for alternative and renewal sources of energy.

Hmmm.....I wonder who can help with "mitigating the inevitable"?