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...
Senator Mark Villar, chairman of the Senate Committee on Trade, Commerce, and Entrepreneurship, joined the Department of Trade and Industry (DTI) headed by Secretary Alfredo Pascual in a price monitoring activity of Noche Buena items in one of the grocery stores in Divisoria market in Manila....
Baguio City lone district Rep. Mark Go (Facebook) A congressman has appealed to oil companies to bring down their fuel prices in Baguio, as he noted that the high fuel prices haven taken its a toll on consumers. In a House Committee on Energy...
Cosco Capital Inc., the retail holding firm of tycoon Lucio L. Co, reported a modest 4.8 percent improvement in consolidated net income to P9.1 billion in the first nine months of 2023 from the P8.7 billion earned a year ago. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Farmers' group Kilusang Magbubukid ng Pilipinas (KMP) on Tuesday, Nov. 7 responded to the recent statement of the newly assigned Department of Agriculture (DA) Secretary Francisco Laurel Jr. on the "inability" of the country to lower down prices of rice to P20 per kilogram in 2023. (Noel...
(Unsplash) Quezon 2nd district Rep. David Suarez says the House of Representatives is committed to the “all-out war” against those involved in agricultural smuggling, hoarding, and price manipulation. Suarez was referring to House Speaker Martin...
President Marcos tasked government agencies to prepare for the "eventual manufacture" of electric vehicles in the country. President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting in Malacañang on Oct. 24, 2023. (Photo courtesy of PPA Pool/KJ Rosales) Marcos,...
Retail company Puregold Price Club, Inc. logged a mere 2.1 percent increase in its net income to P6.6 billion in the first nine months of this year from P6.4 billion in the same period in 2022 due to compressed margins and higher operating expenses. In a disclosure to the Philippine Stock...
The Department of Social Welfare and Development's (DSWD) distribution of financial assistance for small rice retailers and sari-sari store owners has ended on Oct. 20. “A total of 26,266 micro-retailers and sari-sari store owners benefitted from the SLP (Sustainable Livelihood Program) receiving...
