By MANILA – The Senate is preparing a possible contingency measure that would include funding support and expanded subsidies to cushion the impact of volatile oil supply and prices, a lawmaker said on Thursday.
Sen. Sherwin Gatchalian said the proposed Bayanihan 3 measure is being studied as a fallback plan should current conditions worsen and require additional government intervention.
The senator said funding requirements could range from PHP90 billion to as much as PHP400 billion, depending on how the situation develops, including the possible need to support large-scale repatriation of overseas Filipino workers.
