Prices of most agricultural commodities posted a decline during the last week of June, according to a report from the Philippine Statistics Authority (PSA). Based on its national price situationer for the second phase of June, the PSA reported that four agricultural goods declined during the period...
Consumers are up for another financial pain at the pumps and in their kitchens as oil and liquefied petroleum gas (LPG) prices will track new round of upticks, based on the pricing advisories of the industry players. As culled from the price movement notices of the oil companies, the price of...
Private sector economists expect June inflation to be close to the higher end of the government's target range of manageable consumer price hikes. Dutch bank ING projected an above-target headline rate of 4.1 percent year-on-year for June, from the 3.9 percent posted in May. The Philippine...
Consumers will still feel the pinch of higher oil prices at the pumps next week, although calculated adjustments will be coming at relatively moderate amounts compared to the past two weeks. Based on the estimates of the oil companies, the price of gasoline products will rise by P0.50 to P0.90 per...
(MANILA BULLETIN) House Speaker Martin Romualdez assured the public Monday, June 24 that the effects of the rice imports tariff slash would soon be felt, possibly before President Marcos' third State of the Nation Address (SONA) on July 22. "We want...
Consumers’ drive to the gas pumps entails new wave of financial pain, as prices will be on uptick again, based on the pricing advisories of the industry players. According to the price adjustment notices sent by the oil companies, the price of diesel products will rise by P1.75 per liter; while...
President Marcos' chief economic manager is confident that the rate of increase in consumer prices would fall within the government's target range this year. During the Philippine Economic Briefing in Tokyo on Friday, June 21, Finance Secretary Ralph G. Recto said that inflation may stabilize at...
Another round of heavy blow will wreck consumers’ pockets next week, as big-ticket oil price hikes will be reigning anew at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise by P1.40 to P1.80 per liter,...
The cost of construction materials in Metro Manila increased at a slower pace in May, the Philippine Statistics Authority (PSA) reported. The annual growth rate of the construction materials retail price index (CMRPI) dropped to 1.0 percent in May 2024 from 1.2 percent in April and 2.6 percent in...
Motorists will have a punishing drive to the gas pumps this week as the price of all fuel commodities will be on significant uptick, based on the pricing advisories of the oil companies. As announced by the industry players, there will be hefty price hike of P1.75 per liter for diesel products;...
The Philippine Statistics Authority (PSA) reported that rice and corn production is expected to decrease in the third quarter of this year. As of May, palay or rice production is estimated to drop by 8.4 percent to 3.89 million metric tons between April and June from 4.25 million MT in the same...
It will be another round of stranglehold on consumers’ pockets next week, as big-time oil price hikes will reign at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise significantly by P1.20 to P1.60 per...
