Oil prices will have a rollback this week, giving motorists a little more love and a little less money to spend at the pump. Effective Tuesday, Feb. 11, gasoline and diesel prices will have a P0.10 discount, while kerosene will reduce prices by P0.30. Shell Pilipinas, Seaoil, CleanFuel, Caltex, and...
With rice prices on the decline, domestic inflation would ease further this year, according to the think tank Economist Intelligence Unit (EIU). In a Feb. 5 report, EIU regional director for Asia Alex Holmes projected headline inflation in the Philippines to average 2.5 percent this year, lower...
Motorists may get a slight reprieve next week as oil prices are expected to continue their downward trend. Based on four days of trading on the Means of Platts Singapore (MOPS) and international oil markets, analysts predict gasoline prices may remain stable or decrease by ₱0.05 to ₱0.30 per...
The Department of Agriculture (DA) said the decline in the inflation rate of rice in January is attributed to government interventions to stabilize prices, particularly the tariff cut on the staple food last year. According to the Philippine Statistics Authority (PSA), rice posted a year-on-year...
Private-sector economists polled by Manila Bulletin are expecting the Philippine central bank to continue reducing key interest rates during the upcoming monetary policy meeting as majority of expectations leaned towards inflation slowing slightly in January. Economists monitoring the economic...
The National Food Authority (NFA) announced on Tuesday, Feb. 4, that the rice buffer stocks it will disburse as part of the declaration of a food security emergency on rice could be purchased by consumers at ₱35 per kilo as early as this week. The Department of Agriculture (DA) declared the...
The Department of Agriculture (DA) will reduce the maximum suggested retail price (MSRP) of imported rice from ₱58 to ₱55, effective on Wednesday, Feb. 5. The price reduction is part of the DA’s ongoing efforts to stabilize rice prices and alleviate inflationary pressures on basic...
Galing sa Puso (GP) Party-list first nominee Jan Padiernos (GP Party-list) Nueva Ecija's rice production success is so impressive that Galing sa Puso (GP) Party-list wants to replicate it in the entire country through legislation. GP...
The Department of Agriculture (DA) declared on Monday, Feb. 3, a food security emergency on rice as prices for the commodity remain stubbornly high. Agriculture Secretary Francisco Tiu Laurel said the declaration was prompted by the "extraordinary” increase in local rice prices despite the...
Motorists will feel the pinch at the gasoline pump this week, while those using diesel and kerosene will see some relief. Effective Tuesday, Febr. 4, gasoline prices will increase by ₱0.70 per liter, while diesel prices will decrease by ₱1.15 per liter. Kerosene will also see a price reduction...
Grocery store chain operator MerryMart Grocery Centers Inc. has entered into an agreement with the Department of Agriculture (DA) to sell rice at affordable prices, as low as ₱29 per kilo, in its establishments. DA Secretary Francisco Tiu Laurel signed the Memorandum of Understanding (MOU) for...
The Department of Agriculture (DA) is targeting Tuesday, Feb. 4, for the declaration of a food security emergency for rice amid persistently high prices of the staple Filipino food. Agriculture Secretary Francisco Tiu Laurel said the agency is in receipt of the National Price Coordinating...
