President Marcos has urged Congress to allow the National Food Authority (NFA) to import rice as doing so would lead to the stabilization of rice prices. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this as the government works to amend the Rice Tariffication Law...
The onslaught of bad news is coming endless for consumers, as another wave of financial pain will further squeeze their pockets with anticipated price hikes at the gas pumps next week. According to the oil companies, the price of gasoline products will rise by P0.45 to P0.85 per liter; while diesel...
Following decision to raise the palay buying price last April, the National Food Authority (NFA) said it was able to boost the quantity of milled rice by 14.6 percent compared to last year’s data. In a recent NFA council meeting, over 111,720 metric tons have been raised since the middle of May,...
Leading industry player Petron Corporation has ramped up outputs at its two refineries in the Philippine and Malaysian markets to sustain sales volume that have been propping up targeted profitability levels. During the company’s annual stockholders’ meeting, Petron Chief Finance Officer...
Motorists filling up their vehicles with diesel products won’t have a happy drive to petroleum stations this week as the price of this commodity will be on uptrend; while those using gasoline products can benefit from marginal reduction in the current round of price adjustments. Based on the...
Consumers will be greeted with a ‘mixed bag’ of price adjustments at the pumps next week, with rollback for gasoline and diesel prices seen to be on continued track, but kerosene prices will have slight upward adjustment. Based on the calculation of the oil companies, the price of gasoline...
President Marcos believes that the government has already found the best solution to lower the price of rice in the market amid plans to certify as urgent the proposed amendments to the Rice Tariffication Law (RTL). President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) In an interview...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has approved on second reading a measure seeking to amend Republic Act (RA) No. 11203, or the Rice Tariffication Law (RTL), in a bid to lower rice...
Family budgets could be stretched a little further this week, as consumers will be greeted with relatively substantial reprieve on their drive to the petroleum stations – especially with the big-time rollback for gasoline prices. Based on the pricing adjustment advisories of the oil companies,...
The Philippine Statistics Authority (PSA) reported that the volume of palay or rice production increased by five percent to 5.23 million metric tons in the first three months of the year. The PSA report also showed that the farmgate price of palay was observed at P24.06 per kilogram, up by 6.7...
Senator Imee Marcos (Senate PRIB) Senator Imee Marcos is batting for government-to-government importation of rice bypassing the National Food Authority (NFA) amid what she described as the current "rice emergency" that the country is...
Consumers who are filling up their vehicles with gasoline products will be the happiest in their drive to the petroleum pumps next week, as the price of this commodity is projected to have a rollback of more than P2.00 per liter. Based on the result of four-day trading in the regional market, the...
