Consumers’ drive to the gas pumps entails new wave of financial pain, as prices will be on uptick again, based on the pricing advisories of the industry players. According to the price adjustment notices sent by the oil companies, the price of diesel products will rise by P1.75 per liter; while...
President Marcos' chief economic manager is confident that the rate of increase in consumer prices would fall within the government's target range this year. During the Philippine Economic Briefing in Tokyo on Friday, June 21, Finance Secretary Ralph G. Recto said that inflation may stabilize at...
Another round of heavy blow will wreck consumers’ pockets next week, as big-ticket oil price hikes will be reigning anew at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise by P1.40 to P1.80 per liter,...
The cost of construction materials in Metro Manila increased at a slower pace in May, the Philippine Statistics Authority (PSA) reported. The annual growth rate of the construction materials retail price index (CMRPI) dropped to 1.0 percent in May 2024 from 1.2 percent in April and 2.6 percent in...
Motorists will have a punishing drive to the gas pumps this week as the price of all fuel commodities will be on significant uptick, based on the pricing advisories of the oil companies. As announced by the industry players, there will be hefty price hike of P1.75 per liter for diesel products;...
The Philippine Statistics Authority (PSA) reported that rice and corn production is expected to decrease in the third quarter of this year. As of May, palay or rice production is estimated to drop by 8.4 percent to 3.89 million metric tons between April and June from 4.25 million MT in the same...
It will be another round of stranglehold on consumers’ pockets next week, as big-time oil price hikes will reign at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise significantly by P1.20 to P1.60 per...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
The battlefield of relentless volatile oil prices will be in the favor of Filipino consumers next week, as the domestic oil companies are anticipating hefty rollback at the pumps across products. Based on the calculations of the industry players, the price of diesel will have a sharp reduction of...
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) The Bangko Sentral ng Pilipinas (BSP) can help maximize the expected reduction on retail prices of rice by keeping the peso at "reasonable levels" against the United States (US) dollar. This was...
President Marcos' chief economic manager said that despite the global decline in prices, the consistently high local costs of rice remain a key concern. In a statement, Finance Secretary Ralph G. Recto pointed out the substantial price gap of rice between the current market prices and those of last...
Inflation, or the rate of increase in consumer prices, picked up at a quicker pace in May as electricity and liquefied petroleum gas costs rise, the Philippine Statistics Authority reported Wednesday, June 5. May headline inflation inched up to 3.9 percent from 3.8 percent in the previous month,...
