De Guzman favors special session on rising oil prices

MANILA, Philippines --- Presidential candidate Leody de Guzman is in favor of Congress conducting a special session to address the rising oil prices. In a statement issued on Tuesday, the labor leader said the economy was already showing signs of stagflation --- or a situation in which the inflation and unemployment rates are high as economic growth slows down. "Use the special session to address the economic downturn by legislating a nationwide increase of workers' wages, controlling the prices of oil and basic necessities, and other similar measures," De Guzman said in Filipino. "In times of crisis, those who should tighten their belts are the big businessmen and the gover...

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