President Marcos' chief economic manager is confident that the rate of increase in consumer prices would fall within the government's target range this year. During the Philippine Economic Briefing in Tokyo on Friday, June 21, Finance Secretary Ralph G. Recto said that inflation may stabilize at...
DAVAO CITY – An additional increase in electricity rate may be implemented within the franchise area of the Aboitiz-led Davao Light and Power Co. (DLPC) starting this month due to the effect of El the Niño phenomenon. Fermin Edillon, head of the Reputation Enhancement Department of DLPC, said...
CEBU CITY – A retired police general has asked the court to stop the municipal government of Sogod in northern Cebu from implementing an ordinance that imposes what he described as exorbitant water rates. Jose Marie Espino and wife Rose, residents of Sogod, have filed a petition with application...
ILOILO CITY — The inflation rate in Western Visayas jumped to 4.3 percent last May. A STALL sells fresh fish at the Iloilo Fish Port in Iloilo City. (Tara Yap) The Philippine Statistics Authority (PSA)-6 said the inflation rate jumped 0.2 percent from 4.1 percent in April. Nida...
The number of jobless Filipinos slightly increased to 2.04 million in April, according to the report from the Philippine Statistics Authority (PSA). Based on the survey of 44,980 households, the unemployment rate stood at 4.0 percent from 3.9 percent or two million jobless individuals in March....
President Marcos has ordered the Philippine National Police (PNP) to further reduce the crime rate in the country. President Ferdinand 'Bongbong' Marcos Jr. leads the command conference with the Philippine National Police on June 4, 2024. (Photo courtesy of Malacañang) Marcos made the directive...
Inflation, or the rate of increase in consumer prices, picked up at a quicker pace in May as electricity and liquefied petroleum gas costs rise, the Philippine Statistics Authority reported Wednesday, June 5. May headline inflation inched up to 3.9 percent from 3.8 percent in the previous month,...
(MANILA BULLETIN) The newly-signed "Kabalikat sa Pagtuturo Act" or Republic Act (RA) No.11997 will serve as public school teachers' best friend amid the prevailing high inflation, which impacts prices of basic goods. Thus, said...
Additional major basic goods manufacturers are implementing voluntary price freeze on select items in support of Filipino consumers amid rising prices of goods and the impact of the El Niño phenomenon, the Department of Trade and Industry (DTI) reported. In a statement, DTI Secretary...
LONDON — Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed Wednesday. The drop was widely seen as a trigger for Prime Minister Rishi Sunak to call a general election for July 4. The...
ILOILO CITY – This city’s power distributor, MORE Power, has imposed P1.02 per kilowatt hour rate increase this month. A LINEMAN of MORE Electric and Power Corp. (MORE Power) in Iloilo City. (Tara Yap) MORE Power said residential consumers will pay P11.3263 per kWh for their May 18 to...
Consumers will be greeted with a ‘mixed bag’ of price adjustments at the pumps next week, with rollback for gasoline and diesel prices seen to be on continued track, but kerosene prices will have slight upward adjustment. Based on the calculation of the oil companies, the price of gasoline...
