00:00First of all, do not take it with alarm. We don't panic. It is an effect of really of still
00:08the rising prices of oil and subsequently the rising prices of fuel and its effect on the economy.
00:15However, people can take solace in the fact that our policy towards the PERSO is to continue to defend the
00:26PERSO as hard as we possibly can.
00:29We have all the tools to defend the PERSO. We have all the means to defend the PERSO.
00:34And with that in mind, we will continue to do all that we can to make sure that the value
00:41of the PERSO does not continue to go down, especially relative to the dollar.
00:51The dollar is also becoming very strong. But nevertheless, we have the means, as I say.
00:57Our foreign exchange reserves are healthy and we will continue to defend the PERSO.
01:05How about the price of basic goods, sir? Ano hong gagawin natin?
01:08Again, we are looking at many of the different...
01:14Because the inflation is coming from the supply side. It's a supply side inflation.
01:20So monetary measures can only go so far. We have to do others.
01:26It's basically oil we can do nothing about. The food, we can.
01:30And we are doing, again, everything that we can to make sure that the prices of food comes in.
01:35Thank you, sir. Thank you.
01:46You
