Akbayan Party-list Rep. Perci Cendaña has called on the government to take action against rice cartels, which according to him are the only ones benefitting from high price of rice even as ordinary Filipinos struggle to make ends meet. Cendaña's call came as the Department of Agriculture (DA)...
The Department of Agriculture (DA) expressed optimism that consumers would see lower food prices in the coming months, following the anticipated return of food production and supply to normal levels. During a news forum on Saturday, Jan. 18, DA Assistant Secretary Arnel de Mesa said the agency is...
President Marcos said yesterday that the impending declaration of a food security emergency in the country by the end of the month would be a last resort to bring the price of retail rice down despite government efforts to alleviate the situation. File photo Marcos said this after the Department of...
The Marcos administration is on the verge of declaring a food security emergency as rice prices remain stubbornly high despite government efforts to alleviate the situation. The National Price Coordinating Council (NPCC) approved a resolution on Thursday, Jan. 16, urging the Department of...
(File photo) Congressmen who took part in the Murang Pagkain Super-committee's hearing Wednesday, Jan. 15 were exasperated by the Department of Agriculture's (DA) move of setting the maximum suggested retail price (MSRP) for rice at an...
House Speaker Martin Romualdez (Speaker’s office) The leadership of the House of Representatives is doubling down on its mission statement to help bring down the cost of food and electricity via its investigations at the tail end of the 19th...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Ahead of the resumption of plenary sessions, House quinta-committee overall chairman, Albay 2nd district Rep. Joey Salceda has vowed to step up the joint panel’s efforts to lower the...
Albay 2nd district Rep. Joey Salceda (PPAB) Albay 2nd district Rep. Joey Salceda credited the progress of the House quinta-committee (quinta-comm), particularly the initiatives led by Speaker Martin Romualdez, for the steady decrease in rice prices. In a...
Consumer prices in December accelerated for the third consecutive month, but a sharp decline in rice prices helped ease the impact, particularly on poor households, with rice inflation slowing to its lowest level in three years. Data from the Philippine Statistics Authority (PSA) revealed that the...
With inflation within the target range for 2024 and projected to remain so in 2025, economists polled by the Manila Bulletin expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this year. Despite headline inflation rates increasing incrementally month-on-month,...
Despite potential price increases in some sectors, the Bangko Sentral ng Pilipinas (BSP) anticipates that the rate of increase in consumer prices will remain controlled and within the desired range this month. In a statement on Friday, Dec. 27, the central bank projected that December 2024...
(Ali Vicoy/ MANILA BULLETIN) Bayan Muna is pushing for the immediate implementation of oil price unbundling to assert transparency as oil prices are expected to face another round of increases during the Christmas season. "The price of fuel in gas...
