A few months before reaching the midpoint of his six-year term, President Marcos ensured that the government was doing everything so every Filipino would benefit from the country's improving economy. File photos/Arnold Quizol Marcos said this after the Japan-based Rating and Investment Information,...
President Marcos has vowed to invest in job-generating infrastructure and social protection programs to further lower the country's poverty rate to nine percent by 2028 after reporting that the poverty rate dropped to 15.5 percent last year. In a video message late Friday, Aug. 9, Marcos noted that...
Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
Finance Secretary Ralph G. Recto said that the inflation rate may move at a much faster pace in July, while the impact of Typhoon Carina on the prices of goods is expected to be felt in the following months. “I think, coming from a low base, the inflation will be higher, but still within target...
Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
The Department of Finance (DOF) said that the remittance of P89.9 billion in unused funds from the Philippine Health Insurance Corp. (PhilHealth) is projected to boost economic growth by 0.8 percentage points. Finance Secretary Ralph G. Recto said at the Post-State of the Nation Address...
Consumers will still feel the pinch of higher oil prices at the pumps next week, although calculated adjustments will be coming at relatively moderate amounts compared to the past two weeks. Based on the estimates of the oil companies, the price of gasoline products will rise by P0.50 to P0.90 per...
The progress of many economies on their energy transition agendas will weaken demand growth for oil commodities in the years ahead, according to Paris-based global think tank International Energy Agency. But while oil consumption will be on decline, there are projections that oil production on...
Consumers’ drive to the gas pumps entails new wave of financial pain, as prices will be on uptick again, based on the pricing advisories of the industry players. According to the price adjustment notices sent by the oil companies, the price of diesel products will rise by P1.75 per liter; while...
Another round of heavy blow will wreck consumers’ pockets next week, as big-ticket oil price hikes will be reigning anew at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise by P1.40 to P1.80 per liter,...
The upturn in sales had propelled 16 percent rise in the first quarter net income of leading player Petron Corporation to P3.93 billion from last year’s three-month outcome of P3.4 billion. Petron indicated that the profitability climb had been registered across operational chains of the...
Propelled by energy sales that have been escalating beyond 10% within the stretch of the sweltering El Niño weather condition, power utility giant Manila Electric Company (Meralco) is favorably looking to end the year with core income jump to P40 billion from P37.1 billion in 2023. The company’s...
