President Duterte’s press secretary assured the public on Tuesday, June 7, that the government has put in place mechanisms that will address the inflation rate which grew to 5.4 percent last month and the skyrocketing prices of fuel in the country. PCOO Secretary Martin Andanar. (Malacañang...
The rate of increase in consumer prices accelerated to a fresh three-year high in May as the worsening inflationary pressures globally continued to eat into Filipinos’ purchasing power. The Philippine Statistic Authority (PSA) reported on Tuesday, June 7, that headline inflation jumped to 5.4...
The rate of increase in consumer prices quickened in April, hitting its highest level in more than three-years, due to higher food and fuel costs, the Philippine Statistics Authority (PSA) reported on Thursday, May 5. The country's headline Inflation clocked in at 4.9 percent last month, faster...
As oil prices in the world market were on downtrend most days last week, Filipino consumers can enjoy short-term relief in their pockets with expected price rollbacks to be reflected at petroleum pumps on Tuesday, May 3. Based on the calculation by oil companies, the price of diesel will be cut by...
The ongoing geopolitical conflict in Eastern Europe would further complicate the lingering effects of the African Swine Fever (ASF) on consumer prices, the Department of Finance (DOF) said. In a DOF Economic Bulletin released on Sunday, April 24, Finance Chief Economist Gil S. Beltran said that the...
Inflation in the country is projected to surpass government’s target of 2-4 percent this year, owing mainly to skyrocketing fuel and food prices, the ASEAN+3 Macroeconomic Research Office (AMRO) reported. During the Regional Economic Outlook virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
Presidential candidate Bongbong Marcos has underscored anew the Philippines' potential to become a major player in the wind power sector. Bangui windmills in Ilocos Norte (Photo from Wikimedia Commons) "We have the potential to be a major wind power producer in the world. Our unique topography is...
All government agencies, including local government units (LGUs), should comply with the mandatory energy efficiency and conservation measures in anticipation of a tight power supply in Luzon and Visayas grids ahead of the dry months. Senator Sherwin Gatchalian said all government agencies should...
Consumer prices quickened at a much faster pace in March amid skyrocketing fuel costs. The Philippine Statistics Authority (PSA) reported Tuesday, April 5, that headline inflation clocked in at 4.0 percent last month, jumping from 3.0 percent in February, but marginally slower compared with 4.1...
EDITORS DESK Iñigo S. Roces If Filipinos were hesitant to adopt electrified vehicles in the past, the recent hemming and hawing of fuel prices at high levels are certainly an impetus now. Electrified vehicles were designed to wean us off of fossil fuels by extracting power from electricity rather...
To further conserve fuel amid skyrocketing pump prices, President Duterte urged the public to just take mass transit services, particularly trains. (Mark Balmores / FILE PHOTO / MANILA BULLETIN) "Ako pa sa inyo (If I were you), you better learn or practice now to ride itong mga MRT, LRT (the Metro...
Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
