There is a rainbow after the rain for consumers -- and that will be coming at the gas pumps as the oil companies calculated likely price rollback across products next week. Based on the outcome of three-day trading in the regional market, the estimated price cut for gasoline products would hover at...
The Department of Trade and Industry (DTI) has implemented a price freeze on essential commodities in Metro Manila after the state of calamity was declared due to Typhoon Carina and the southwest monsoon. Trade Secretary Alfredo E. Pascual said on Wednesday, July 24, that the immediate...
(Ali Vicoy/ MANILA BULLETIN) The executive and the legislature must prioritize measures that seek to lower fuel prices for the sake of ordinary Filipinos. Thus, said House Deputy Minority Leader ACT Teachers Party-list Rep. France Castro even as...
The Department of Trade and Industry (DTI) is planning to streamline the suggested retail price (SRP) bulletin by removing certain products. In a statement on Wednesday, Junly 3, DTI said this proposal was presented at a recent meeting of the National Price Coordinating Council (NPCC)....
BACOLOD CITY – The Department of Trade and Industry (DTI)-Negros Occidental recently visited the town of La Castellana in Negros Occidental to ensure the stable prices of basic necessities while it is under a state of calamity due to the eruption of Kanlaon Volcano. ENGIEMAR Tupas,...
(MANILA BULLETIN) House Speaker Martin Romualdez is calling for stricter price controls in the retail market in a bid to prevent price manipulation and protect consumers. “Our goal is to lower food prices while protecting local farmers...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the government should avoid giving subsidies to oil and power sectors as it would only benefit the rich. Balisacan told reporters on the sidelines of the Philippine Economic Briefing that subsidies should be aimed...
BACOLOD CITY – Mayor Alfredo Abelardo “Albee” Benitez here is asking the Department of Energy (DOE) for a price cap amid the increasing power rates. BENITEZ (Glazyl Masculino) "I have just asked DOE Undersecretary (Sharon) Garin if we can trigger the provision of the Energy Regulatory...
Lucio Co’s Puregold Price Club, Inc., one of the country’s top grocery retail leaders, reported a three percent improvement in consolidated net income to P2.5 billion in the first quarter of 2024 from the P2.4 billion earned in the same period last year. In a disclosure to the Philippine Stock...
Sen. Francis Tolentino (Senate PRIB Photo) Citing the burden that the El Niño phenomenon or worsened drought has had on Filipinos, Senator Francis ''Tol' Tolentino has stressed the need for a national declaration of a state of calamity to activate...
(MANILA BULLETIN) Members of the House of Representatives have issued a stern warning to “abusive” businessmen following the directive of Speaker Martin Romualdez to investigate the price spike on basic goods. In a joint statement on Thursday, April 25,...
Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. posted a one percent growth in its consolidated net income to P12.4 billion in 2023 from P12.3 billion a year ago on the back of record earnings from its liquor distribution business. In a disclosure to the Philippine Stock Exchange (PSE),...
