With rice prices soaring, the head of President Marcos' economic team said that their main focus is to lower inflation and protect the purchasing power of the Filipino people. Finance Secretary Ralph G. Recto said he was “encouraged by the further drop in the Philippines’ headline inflation to...
Consumers are urged to prepare for a surge in rice prices as the government warned that recent cost increases for the nation's staple food are expected to persist, posing a threat to the country's most vulnerable households. In a briefing, Philippine Statistics Authority (PSA) Undersecretary Claire...
The country's inflation rate in January this year marked its slowest growth in over three years, registering at 2.8 percent, the Philippine Statistics Authority (PSA) said. This means that the inflation rate, or the increase in prices of goods and services, moved at a slower pace during the period...
New round of financial torment will have to be endured by consumers this week as the price of diesel products will rise by a hefty P1.50 per liter; while gasoline prices will go up by P0.75 per liter, according to the pricing advisories of the oil companies. For kerosene products, which is a very...
There had been downtrend in overall electricity tariffs for traded capacities in the Wholesale Electricity Spot Market (WESM), and that had been attributed partly by the Energy Regulatory Commission (ERC) to the entry of new capacities from the renewable energy (RE) sector. “It appears that the...
Another round of hefty price hikes will deepen hole in the consumers’ pockets next week, with diesel rising by more than P1.00 per liter, based on the initial estimates of the oil companies. According to the industry players, the price increase for diesel products may range from P1.45 to P1.95...
Consumers are in no luck this week as they will need to bear the brunt of massive oil price hikes at the domestic pumps - with gasoline prices rising by hefty P2.80 per liter, based on the pricing advisories of the oil companies. For diesel products, the oil companies announced that the price...
Financial torture will strike at consumers’ pockets again next week, as big-ticket price hikes are looming at the domestic petroleum pumps, based on the calculation of the oil companies. As reckoned from the outcome of five-day trading in the regional market, the anticipated heftiest price hike...
Financial torture will strike at consumers’ pockets again next week, as big-ticket price hikes are looming at the domestic petroleum pumps, based on the calculation of the oil companies. According to the industry players, the anticipated heftiest price hike will be for gasoline products at P2.10...
Despite ongoing dry spell in parts of Negros Occidental and Batangas, the Sugar Regulatory Administration (SRA) has assured the public that retail sugar prices will not see an increase. In an interview with SRA Administrator Pablo Azcona, he acknowledged the concerns of farmers regarding the drop...
Motorists will have to brace for fresh round of financial pain next week as pump prices are anticipated to rise by a relatively significant level that will inch close to P1.00 per liter for gasoline and diesel products, based on the calculation of the oil companies. According to the industry...
The price of well-milled rice slightly increased during the first week of January amid the dry spell forecast this year, based on the data from the Philippine Statistics Authority (PSA). According to the PSA report, a kilogram of well-milled rice cost P55.5 from January 1 to 5, which is higher than...
