Puregold Price Club, Inc. reported a 13.6 percent improvement in consolidated net income to P5.73 billion in the first nine months of 2021 from the P5.05 billion earned in the same period in 2020. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net sales decreased by...
The Land Transportation Franchising and Regulatory Board (LTFRB) has appealed to oil companies to provide bigger fuel discounts for public utility vehicle (PUV) drivers who are still reeling hard from the effects of the pandemic and the increasing pump prices. (MARK BALMORES / MANILA BULLETIN FILE...
One of the largest agricultural groups in the country has joined the snowballing campaign to appeal to President Rodrigo Duterte to suspend the excise tax on petroleum products as fuel cost continued to soar, thus seriously affecting all areas in the agriculture sector. Samahang Industriya ng...
The Department of Transportation (DOTr) would not blink in its recommendation to increase passenger capacity in public transportation, road, and rail in Metro Manila to up to 100 percent amid concerns on the continuous threat of the coronavirus disease (COVID-19). In fact, DOTR Assistant Secretary...
Fishers’ group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) on Tuesday, Oct. 26, urged the government to compel oil companies to disclose their process of domestic oil pricing amid the series as oil price hikes. Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas “In...
The Department of Energy (DOE) is not ruling out the possibility that the oil price in the country is being by controlled by a cartel as the national government does not have a hand on the Philippine oil market.​ "Ang sinasabi ng iba, may kartel. Syempre pag kausap ko naman yung mga industry...
Senatorial aspirant and human rights lawyer Jose Manuel 'Chel' Diokno on Monday, October 25, called on the government to impose a price ceiling on the prices of goods amid the increase of fuel prices for the ninth straight week. Human rights lawyer Chel Diokno (MANILA BULLETIN FILE PHOTO) Diokno,...
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices. The inter-agency Development Budget Coordination Committee (DBCC) announced Monday, Oct. 25, that the government will shell-out P1...
Malacañang is looking at both the possibility of suspending the excise tax on fuel and giving fuel subsidies to the public transport sector amid the soaring prices of petroleum. (Manny Llanes/ MANILA BULLETIN) Thus said Presidential Spokesperson Harry Roque in a virtual press conference Monday,...
Vice presidential candidate Senator Christopher “Bong” Go on Sunday urged the government to consider granting fuel discounts or subsidy for those in the transportation industry and other strategic sectors to help cushion the impact of the recent oil price increases. Go said the Department of...
The average income of a small fisherfolk who regularly consumes diesel plunged following the series of oil price hikes, a fisherfolk group said Sunday, Oct. 24. Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas The Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) said a...
As global oil prices considerably settled at $85 per barrel, higher oil prices will reign again at Philippine petroleum pumps in this coming week. As calculated by the oil companies, the price of regular gasoline will be increased by P1.05 to P1.15 per liter; while the higher grade gasoline...
