Were you thrilled by this week's "big time" price rollback on pump fuel products? Bayan Muna Party-list Rep. Carlos Zarate (Facebook) If so, you shouldn't, based on former Bayan Muna Rep. Carlos Zarate's perspective on fuel price movements so far this 2022. "Since January this year diesel prices...
The Muntinlupa City government has implemented measures to reduce fuel and gasoline use for all its vehicles amid the rising oil prices in the country. In a resolution dated July 4, the city government’s Local Finance Committee recommended the fuel-saving measures that will be carried out for all...
House Deputy Speaker and Davao City 3rd district Rep. Isidro Ungab has backed President-elect Ferdinand "Bongbong" Marcos Jr.'s preference to give subsidies to the beleaguered transport sector instead of doing away with excise taxes on fuel amid skyrocketing petroleum prices. (File photo/ Ali...
A ranking solon who is well- versed in "budgeting" has told Filipinos to get ready to tighten the belts in the coming months amid what he described as "turbulent economic times". (Towfiqu Barbhuiya/ Unsplash) “We foresee difficult times ahead...and it is up to us if we can safely ride it through...
MAP of the Philippines with Davao Region highlighted. DAVAO CITY – Prices of fish in the Davao Region will likely increase due to the implementation of the three-month closed fishing season at Davao Gulf, an official of the Bureau of Fisheries and Aquatic Resources (BFAR)-Davao said. BFAR-Davao...
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...
