Puregold Price Club Inc. is leveraging its procurement scale to mobilize a coalition of more than 150 commercial brands, aiming to stabilize the supply chains of neighborhood retailers currently squeezed by persistent inflation. Puregold, the grocery giant led by Vincent Co., said the initiative...
President Marcos has ordered the imposition of a temporary mandated price ceiling on imported rice to address what the government described as unjustified price increases and market abuse. Under Executive Order (EO) No. 118, imported rice with five percent broken content will be subject to a...
Help is on the way. House Majority Leader Ilocos Norte 1st district Rep. Sandro Marcos gave this assurance to Filipinos after the Ad Hoc Committee on Legislative Energy Action and Development (LEAD) approve on Tuesday, May 12 the consolidated KALINGA Bill. House Speaker Isabela 6th district Rep....
Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter...
Cosco Capital Inc., the retail holding company controlled by billionaire Lucio Co, reported a 22 percent increase in first-quarter profit as a recovery in consumer spending boosted sales across its grocery and liquor units. The firm said in a disclosure to the Philippine Stock Exchange that net...
Grocery giant Puregold Price Club Inc. posted a 24 percent surge in first-quarter profit as the retailer capitalized on resilient consumer spending and expanding margins across its flagship and membership store formats. The firm disclosed to the Philippine Stock Exchange that consolidated net...
As the national government prepares to stabilize the rice price and supply, the Philippine National Police (PNP) will be there to ensure that everybody will comply. PNP chief Gen. Jose Melencio C. Nartatez, Jr. has expressed full readiness to support the enforcement of the government’s planned...
The Motorcycle Development Program Participants Association Inc. (MDPPA) is optimistic that motorcycle sales will remain on an upward trajectory in the coming months, as higher fuel prices are expected to spur stronger demand for two-wheeled vehicles. As fuel prices remain elevated due to the...
The House of Representatives ' proposed KALINGA Act received a big boost on Tuesday afternoon, May 5 after the country’s economic managers threw their support behind the fuel price crisis response measure. The expressions of support were made during the first hearing of the House Ad Hoc...
A ranking congresswoman wants to impose a civil penalty of up to P10 million against energy-producing companies that implement unreasonable price increases on crude oil and refined petroleum products. Manila Teachers Party-list Rep. Ma. Nina Francesca Lacson filed for this purpose House Bill (HB)...
Ending a brief period of relief for motorists, oil prices resumed their upward trajectory in the first week of May as global supply pressures offset the price rollbacks seen in late April. Department of Energy (DOE) Secretary Sharon Garin told a press conference on Monday, May 4, that diesel prices...
House Majority Leader Ilocos Norte 1st district Rep. Sandro Marcos is rallying his congressman-colleagues to swiftly pass the proposed Kalinga Act, which is seen to provide relief for poor Filipinos, the middle class, and small business owners amid elevated fuel costs. Marcos made the call ahead of...
