The rate of increase in consumer prices accelerated for the first time in six months in August, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) reported. In a briefing on Tuesday, Sept. 5, National Statistician Dennis S. Mapa said that the headline inflation...
President Ferdinand "Bongbong" Marcos Jr. has convened representatives from different government agencies to discuss the concerns on the upcoming enforcement of retail price ceilings on rice. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos presided over the meeting just...
(Ellson Quismorio/ MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee says the Marcos administration can still reduce retail prices of rice to as low as P20 per kilo through sheer subsidization by the government. "Food security is a national security...
Senator Grace Poe (Senate PRIB) The Palace-ordered price ceiling on rice should guarantee Filipinos' access to the staple grain. Thus, said Senator Grace Poe on Saturday, Sept. 2 even as she prodded President Ferdinand "Bongbong" Marcos Jr. to pursue...
(Ellson Quismorio/ MANILA BULLETIN) Rice shortages at the local level could become an offshoot of the Malacañang-imposed rice price ceiling, economist-solon Albay 2nd district Rep. Joey Salceda said on Saturday, Sept. 2. "Price ceilings can have...
President Ferdinand "Bongbong" Marcos Jr. (left,) Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez gave a glimpse into the mindset of President Ferdinand "Bongbong" Marcos Jr. that explained why the latter implemented a price...
House Speaker Martin Romualdez (center) inspects rice stocks inside a warehouse in Bulacan. (Speaker’s office) The price cap on rice is a "timely and necessary intervention" from President Ferdinand "Bongbong" Marcos Jr. Thus, said Speaker Martin...
President Ferdinand "Bongbong" Marcos Jr. has approved the recommendation to impose a mandated price ceiling on rice in the country amid the "alarming" increase in its retail prices. File photos Marcos made the order through Executive Order (EO) No. 39, signed by Executive Secretary Lucas Bersamin...
Consumers will feel the heat of a budget swell on their cooking fuel this month as the price of liquefied petroleum gas (LPG) will rise by a hefty P6.64 to P6.65 per kilogram or P73.04 to P73.15 for the standard 11-kilogram cylinder. Leading industry player Petron Corporation advised of LPG price...
President Ferdinand "Bongbong" Marcos Jr. has ordered government agencies to use available legal tools to keep rice affordable in the country. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos made the directive during a meeting with the Department of Agriculture...
House Speaker Martin Romualdez (center) fields questions from journalists after the warehouse inspections in Bulacan (Speaker's office) House Speaker Martin Romualdez has advised rice traders to support President Ferdinand "Bongbong" Marcos Jr.'s Kadiwa stores instead of...
While the dream of rice being bought at P20 per kilo is still unattainable, the government believes improving Filipinos' purchasing power is "a good direction" to take now. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said the goal to bring down the price of rice...
