(MANILA BULLETIN) President Marcos’ campaign promise to bring rice prices down to P20 per kilo has been given new life thanks to the House Murang Pagkain Super-committee's plan to pursue it. This was according to the super-panel’s overall...
(MANILA BULLETIN) The newly-formed Murang Pagkain Super-committee in the House of Representatives has traced the “biggest agricultural price manipulation case" involving rice--the Filipino staple food--to the previous Duterte administration....
The recent string of oil price hikes may be coming to an end, with industry analysts projecting a slight dip in prices next week. Based on the first four days of trading on the Means of Platt Singapore (MOPS) and current foreign exchange rates, gasoline prices are anticipated to decrease by P0.75...
Local gasoline prices are poised for a minimal discount in the first week of November, while diesel and kerosene consumers can expect a price increase. Starting Tuesday, Nov. 5, gasoline prices will decrease by P0.10 per liter, diesel will increase by P0.75 a liter, and kerosene will receive a...
Motorists can expect some relief at the pumps next week, with industry estimates indicating a likely rollback in gasoline and diesel prices. Based on the latest oil trading data, gasoline prices are projected to decrease by P0.40 to P0.70 per liter. Diesel prices are expected to remain steady...
Filipino consumers are facing yet another round of fuel price hikes this year. Starting Tuesday, Oct. 29, gasoline prices will increase by P0.20 per liter, while diesel and kerosene will rise by P0.50 per liter. Major oil companies, including Shell Pilipinas, Caltex, and Clean Fuel, attributed the...
Motorists brace for another hefty round of oil price hikes as fuel retailers announced adjustments effective Tuesday, Oct. 15. Several major oil companies, including Shell, Seaoil, CleanFuel, and Caltex, have announced that gasoline prices will increase by P2.65 per liter, while diesel and kerosene...
The Manila Electric Company (Meralco) has announced a reduction in electricity rates for October, while motorists should prepare for significant increases in fuel prices next week. Meralco said that electricity rates will decrease by P0.3587 per kilowatt-hour (kWh), bringing the overall cost for a...
Ikano Retail, the parent company of IKEA Philippines, reported a modest decline in revenues due to rising consumers prices. Christian Roejkjaer, Ikano Retail chief executive officer, said the company closed its financial year ending Aug. 31 in the Philippines with a turnover of EUR141 million...
Filipinos do not need to worry about rising extra rice prices, as they are projected to fall due to better global supply, allowing the Bangko Sentral ng Pilipinas (BSP) to speed up the lowering of borrowing costs in the coming months, according to British banking giant HSBC. Aris Dacanay, chief...
By DERCO ROSAL UK-based banking giant HSBC announced that the battle to control surging inflation in the country has been won. “We think the BSP's [Bangko Sentral ng Pilipinas] inflation battle is finally over,” the bank stated, following the sharp decline in inflation in September. HSBC...
Rice prices from earlier this year. (MANILA BULLETIN) President Marcos' allies in the in the House of Representatives are still not giving up on the Chief Executive's dream of achieving P20 per kilo rice. This, after Albay 2nd...
