Lower interest rates as the Bangko Sentral ng Pilipinas (BSP) eases monetary policy would aid consumers battered by slowing economic growth across Asia-Pacific, according to the think tank Oxford Economics. The BSP's rate cuts "will help household balance sheets, especially as debt levels rose over...
NEW YORK — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is hurting their...
Cleansing from misdeeds as well as review of categorization of the country’s more than 120 electric cooperatives (ECs) are being pushed following reports of less-than-desired operational outcomes of these power utilities. The call was put forward by Senate Committee on Energy Vice Chairman...
President Ferdinand “Bongbong” Marcos Jr. on Thursday, June 22, said that the country’s “best defense” against online scammers are “knowledgeable consumers” who are able to determine scam methods. President Ferdinand Marcos Jr. (Photo from the Presidential Communications Office) In a...
As rising electric bills and deteriorating services of power utilities often spark frustration and rage, the Energy Regulatory Commission (ERC) is targeting to debut next month its online platform to fast track resolution of complaints. The online platform will receive and correspondingly process...
Filipinos emerged as least interested in a hybrid or electric vehicle (EVs) among its Southeast Asian peers due to the lack of charging facilities, according to a study. Based on Deloitte’s 2023 Global Automotive Consumer Study, which focuses on consumer engine type preference for their next...
Ordinary Filipino consumers prioritize ready to eat food and hygiene products in their shopping basket in times of impending shortage of funds as well as during payday, according to a study. Packworks, a startup company providing a business-to-business (B2B) platform for sari-sari store owners, in...
Ordinary Filipino consumers prioritize ready to eat food and hygiene products in their shopping basket in times of impending shortage of funds as well as during payday, according to a study. Packworks, a startup company providing a business-to-business (B2B) platform for sari-sari store owners, in...
Filipinos can now shop more intentionally for sustainable and locally-sourced products through the SM Green Finds. It’s a program designed to make green living easier and more accessible. “Retailers have an important role to play in positively influencing and impacting consumer behavior. SM...
As the agriculture sector continues to intensify the fight against smuggling, a consumer group called for the immediate passage of Senate Bill 1688 which expands the coverage of the Republic Act (RA) 10845 or the Anti-Agricultural Smuggling Act of 2016. SMUGGLED onions weighing a total of 71,551...
PARIS, France -- Corporations and consumers are the main obstacle to the emissions cuts needed to keep global warming to the 1.5-degree Celsius limit, researchers said Wednesday, adding that "positive signs" in other areas are not yet enough to meet climate goals. The report by a multidisciplinary...
The Department of Trade and Industry (DTI), through its Fair Trade Enforcement Bureau (FTEB), reported the value of confiscated uncertified items it seized in the National Capital Region has reached P67,999,927 as it heightened monitoring and inspection of products to ensure consumer protection as...
