ACT-CIS Party-list Rep. Erwin Tulfo (leftmost), House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has told the importers of the 523 containers full of rice stored at the Bureau of Customs -Manila International...
Consumers are under new threat of financial drain next week as pump prices are seen rising again by a significant proportion, based on the estimates of the oil companies. According to the industry players, the price of gasoline products will potentially go up by P0.65 to P1.05 per liter; while...
Inflation in the Philippines is expected by the Asian Development Bank (ADB) to further ease as reduced import tariffs on staple rice and other food products spill over to domestic retail prices, boosting consumption and overall economic growth. The Manila-based ADB's Asian Development Outlook...
Citing current trends in Southeast Asia, President Marcos expressed optimism that rice prices in the country would ease further. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Malacañang said Marcos made the statement during a sectoral meeting on managing food and...
A new cascade of financial pressure will be on consumers’ pockets this week as gasoline prices will be rising by P1.10 per liter; while diesel prices will go up by a marginal P0.20 per liter. Propitiously for kerosene products, there will be no cost movement this week, based on the pricing...
It is high time for Congress to pass a law institutionalizing transparency in the movements of petroleum prices to ensure the protection of rights and welfare of consumers. Sen. Sherwin Gatchalian made the call following the recent decision of the Supreme Court upholding the Court of...
A new wave of financial pain could squeeze consumers’ pockets next week, as pump prices could be tracking new wave of increases – primarily for gasoline products, based on the initial calculation of the oil companies. As assessed by the industry players, the price of gasoline will likely rise...
NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large...
It’s another week of drive to the gasoline stations that will come lighter on consumers’ pockets as the price of gasoline products will be on rollback by P1.00 per liter; and diesel product prices will be reduced by P1.30 per liter, according to the pricing advisories of the oil companies....
The Department of Agriculture (DA) is confident that there is adequate supply of holiday food staple, such as onions, pork, chicken, beef, and rice, as the country enters the “ber” months. (MB file photo) Speaking at a media forum held in Quezon City, DA Assistant Secretary Arnel...
The days of ‘secrecy’ in weekly oil price adjustments are numbered following the Supreme Court’s decision which upheld the fuel cost unbundling policy that the Department of Energy (DOE) initially attempted for implementation via a Circular in 2019. Relative to the high court ruling, former...
There will be another round of significant financial reprieve on the pockets of consumers next week as hefty price rollback will continue its streak at the gasoline stations next week, based on the calculation of the oil companies. As reckoned on the three-day outcome of trading in the regional...
