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),...
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...
