Tycoon Lucio L. Co’s retail holding company Cosco Capital Inc. reported a 9.3-percent growth in consolidated net income to ₱7.6 billion for the first half of 2025 from the ₱6.97 billion earned in the same period last year as consumer spending continues to improve. In a disclosure to the...
Motorists could see relief at the pump next week, as rising oil supply is set to push fuel prices down. Based on the four-day Mean of Platts Singapore (MOPS) and the foreign exchange average, gasoline may see a potential decline of ₱0.25 to ₱0.60 per liter, while diesel could see a ₱1.25 to...
Lucio Co-led grocery retail leader Puregold Price Club, Inc. reported a 7.1 percent improvement in consolidated net income to ₱5.3 billion for the first half of 2025 from ₱4.95 billion, driven by strong topline growth and complemented by stable gross margins. In a disclosure to the Philippine...
It’s going to be a bumpy ride in the first week of August, with gasoline prices set to rise by nearly two pesos. Effective Tuesday, Aug. 5, gasoline will increase by ₱1.90 per liter, while diesel will rise by ₱1.20 per liter. Kerosene is also set to jump by ₱1 per liter. Seaoil, Shell...
Despite a muted overall performance, Philippine factory growth observed in June has been sustained through July, with manufacturing firms growing more optimistic about consumer demand for their products. According to the latest data from debt watcher S&P Global released on Friday, Aug. 1, a growth...
Motorists will need to brace themselves for the first week of August, as fuel prices are set to rise. Based on the four-day Mean of Platts Singapore (MOPS), gasoline could see a potential increase of more or less ₱1.50 per liter, while diesel may see a ₱1 spike. Kerosene, on the other hand,...
BACOLOD CITY – The Department of Trade and Industry (DTI) here imposed a 60-day price freeze on basic necessities in Negros Occidental, which has been placed under a state of calamity due to the effects of tropical cyclone ‘’Crising’’ and the outbreak of the red-striped soft scale insect...
Despite a slight drop in gasoline prices, diesel is expected to edge higher toward the end of July. Starting Tuesday, July 29, gasoline prices will be down by ₱0.10 per liter, while diesel will increase by ₱0.60 per liter. Kerosene prices will also jump by ₱0.40 per liter. Seaoil, Petro Gazz,...
Global supply concerns, including an unexpected drop in United States (US) crude inventories and the lingering effects of sanctions on Russia, are set to drive up diesel and kerosene prices next week, while gasoline costs may see a modest decrease. Based on the four-day Mean of Platts Singapore...
Despite an expected onslaught of typhoons in the third quarter, the Philippine Statistics Authority (PSA) anticipates that consumer prices, particularly for rice, will continue to decline, but weather disturbances are expected to drive up vegetable costs. “Certain items, such as vegetables, are...
Driven by rising demand and tightening supply, oil prices are expected to rise again next week. Based on the four-day Mean of Platts Singapore (MOPS) and the forex average, gasoline could go up somewhere between ₱0.30 and ₱0.50 per liter, while diesel may increase by ₱0.70 to ₱0.90 per...
The provincial government of Nueva Ecija vowed to continue its price support program to help farmers sell their produce at a higher price. Gov. Aurelio “Oyie” Matias Umali said during the Provincial Food Council (PFC) meeting in Palayan City on Tuesday that the program is a big help to palay...
