With successive cost spikes already running on its 11th week, the consumers’ drive to the gasoline stations will mimic another episode akin to squeezing blood from stone as petroleum prices will incur hefty increases next week, based on the calculation of the oil companies. According to the...
(MANILA BULLETIN) The Philippines' impending dislodgement of China as the world's number one rice importer reflects the sorry state of the local agriculture sector. Nueva Ecija 3rd district Rep. Ria Vergara, a member of the House Committee on Agriculture and...
While the price of rice continues to hug the headlines, vegetables have become items of luxury reserved for and served only to the upper class. No longer does one hear the lament “We were so poor all we had for lunch was rice and vegetables.” A few days ago, Divisoria wholesalers were offering...
Malacañang is expecting that prices of palay and rice will stabilize as thousands of farmers start to harvest their main season crop this September and October. By the end of this month, the initial palay harvest is expected to reach two million metric tons (MMT), and up to three MMY in October....
Photo from Richielyn Canlas/MANILA BULLETIN Rice retailers in Manila and Malabon closed their stores on the first day of the implementation of the mandated rice price ceiling order on Tuesday, Sept. 5, and warned that permanent closure may happen if they are not supplied with low-priced rice. Rice...
The government's chief economic manager said the Marcos administration's inflation assumption for the year is still feasible despite the rise in consumer prices last month. In a statement, Finance Secretary Benjamin E. Diokno said the government is determined to minimize the impact of inflation and...
The rate of increase in consumer prices accelerated for the first time in six months in August, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) reported. In a briefing on Tuesday, Sept. 5, National Statistician Dennis S. Mapa said that the headline inflation...
President Ferdinand "Bongbong" Marcos Jr. has convened representatives from different government agencies to discuss the concerns on the upcoming enforcement of retail price ceilings on rice. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos presided over the meeting just...
(Ellson Quismorio/ MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee says the Marcos administration can still reduce retail prices of rice to as low as P20 per kilo through sheer subsidization by the government. "Food security is a national security...
Senator Grace Poe (Senate PRIB) The Palace-ordered price ceiling on rice should guarantee Filipinos' access to the staple grain. Thus, said Senator Grace Poe on Saturday, Sept. 2 even as she prodded President Ferdinand "Bongbong" Marcos Jr. to pursue...
(Ellson Quismorio/ MANILA BULLETIN) Rice shortages at the local level could become an offshoot of the Malacañang-imposed rice price ceiling, economist-solon Albay 2nd district Rep. Joey Salceda said on Saturday, Sept. 2. "Price ceilings can have...
President Ferdinand "Bongbong" Marcos Jr. (left,) Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez gave a glimpse into the mindset of President Ferdinand "Bongbong" Marcos Jr. that explained why the latter implemented a price...
