The heat will be turned down on household budgets for their cooking fuel this month, as the price of liquefied petroleum gas will be reduced by P1.00 per kilogram (kg) or equivalent P11.00 for the standard 11-kilogram cylinder, as advised by the industry players. Petron implemented its reduced LPG...
(Juan Carlo de Vela/ MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee is prodding the Department of Agriculture (DA) to intensify its price monitoring on basic commodities, as well as to set suggested retail prices (SRP) on such goods. ...
Exodus to the provinces will be agonizing on the pockets of consumers this week, as they will feel the tangible strain of hefty oil price hikes that are due for implementation at the domestic pumps this week. Based on the pricing advisories of the oil companies, the price of gasoline products will...
The aggrupation of generation companies (GenCos) has been batting for the scrapping of the P6.245 per kilowatt hour (kWh) secondary price cap in the Wholesale Electricity Spot Market (WESM) as this is already pinned down as disincentive to the targeted fresh capital flow in the power industry. In...
The Philippine Stock Exchange (PSE) announced that it will open Volume Weighted Average Price (VWAP) trading on March 1, 2024 after receiving the green light from the Securities and Exchange Commission (SEC). A VWAP trade is a pre-arranged transaction executed at the volume weighted average price...
Rarely does one of these dragging, protracted hearings in aid of legislation ever result to a tangible benefit to the common Filipino. But that’s exactly what happened after the House of Representatives sought to get to the bottom of overpriced local onions in February 2023. Upon the order of...
CEBU CITY – Bohol Gov. Aris Aumentado has issued a memorandum circular asking local officials to closely monitor the prices of basic necessities and prime commodities in the province. AUMENTADO (center). (FB) Aumentado signed MC 1 on Wednesday, January 31, amid the increasing prices of fish in...
The government does not see another implementation of a price ceiling on rice this year as it bids to increase the country’s farm output to tame inflation, Finance Secretary Ralph G. Recto said Wednesday. Recto, however, also acknowledged the possibility of supply disruptions due to external...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez says he won't think twice about recommending another rice price cap to President Marcos should the situation need it. “We will continue to monitor the prices of rice...
Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. has set a new dividend policy while announcing cash dividends amounting to P1.41 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors has laid a new dividend policy with at least 20 percent...
The Energy Regulatory Commission (ERC) is scheduling public consultations on the proposed regulatory review and enforcement of rules that will directly impact consumers’ pockets as well the overall business viability of the power industry. The industry regulator apprised all relevant stakeholders...
Two firms controlled by tycoon Lucio Co, Puregold Price Club Inc. and The Keepers Holdings Inc., have declared cash dividends with a combined value of P3.91 billion. In a disclosure to the Philippine Stock Exchange (PSE), Puregold said its Board of Directors has announced a 30 percent payout ratio...
