President Marcos on Tuesday, Sept. 27, scrapped the proposed temporary implementation of rice tariff reduction which would’ve aimed to address the surge of rice prices in the market. President Ferdinand Marcos Jr. (Photo from the Presidential Communications Office) A statement from the...
BACOLOD CITY (PNA) – The Sugar Regulatory Administration (SRA) is investigating the low trading price of sugar last week amid efforts to maintain prices at P3,000 per 50-kilogram bag. Administrator Pablo Luis Azcona considered the development a “bit surprising” and said the SRA is now...
Fuel budgets of consumers will be on a heavy strain this week as the price of diesel products will rise by P2.50 per liter; while gasoline prices will increase by P2.00 per liter, according to the pricing advisories of the oil companies. For kerosene, which is an essential base fuel for the...
President Marcos announced that the National Food Authority (NFA) Council had set a new price range for buying palay in response to the changing production and market conditions. File photo Marcos said this following his meeting with the NFA Council, which he heads, on Monday, Sept. 18. In a video...
(Ali Vicoy/ File photo/ MANILA BULLETIN) House Speaker Martin Romualdez has floated possible ways the government can "compromise" in order to alleviate the impact of surging local fuel prices. This, as Romualdez announced the conduct of a...
Senator Francis “Tol” Tolentino urged businesses on Saturday, Sept. 16 to be more considerate to consumers when it votes to pricing their products, especially this Christmas season. In a statement, Tolentino said that this can be done by avoiding steep product pricing. “Ang...
With successive cost spikes already running on its 11th week, the consumers’ drive to the gasoline stations will mimic another episode akin to squeezing blood from stone as petroleum prices will incur hefty increases next week, based on the calculation of the oil companies. According to the...
(MANILA BULLETIN) The Philippines' impending dislodgement of China as the world's number one rice importer reflects the sorry state of the local agriculture sector. Nueva Ecija 3rd district Rep. Ria Vergara, a member of the House Committee on Agriculture and...
While the price of rice continues to hug the headlines, vegetables have become items of luxury reserved for and served only to the upper class. No longer does one hear the lament “We were so poor all we had for lunch was rice and vegetables.” A few days ago, Divisoria wholesalers were offering...
Malacañang is expecting that prices of palay and rice will stabilize as thousands of farmers start to harvest their main season crop this September and October. By the end of this month, the initial palay harvest is expected to reach two million metric tons (MMT), and up to three MMY in October....
Photo from Richielyn Canlas/MANILA BULLETIN Rice retailers in Manila and Malabon closed their stores on the first day of the implementation of the mandated rice price ceiling order on Tuesday, Sept. 5, and warned that permanent closure may happen if they are not supplied with low-priced rice. Rice...
The government's chief economic manager said the Marcos administration's inflation assumption for the year is still feasible despite the rise in consumer prices last month. In a statement, Finance Secretary Benjamin E. Diokno said the government is determined to minimize the impact of inflation and...
