Trade and Industry (DTI) Secretary Alfredo E. Pascual ordered Friday, June 6, a price freeze on basic goods in Albay following the declaration of a state of calamity in the province due to the continued unrest of Mayon Volcano. "Through DTI's provincial office in Albay, I have ordered a price freeze...
An expansive range of stakeholders from the Central Visayas business community expressed “strong opposition” on the proposed P150 daily minimum wage hike, warning of an “inflationary effect” once such measure by the legislative branch is passed into law. A joint statement from Central...
A "differentiated pricing" is being proposed on the offshore wind (OSW) technologies that shall be deployed for projects in the country to consider divergent cost calculations on tariffs for the fixed bottom and floating OSW solutions. In a briefing with the media, Pierre-Antoine Tetard, vice...
There will be a fleeting moment of financial relief on consumers’ pockets next week, as prices at the domestic pumps will be on rollback, based on the calculation by oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.45 to P0.75 per liter; while...
Trade and Industry Secretary Alfredo E. Pascual said that based on the agency’s market monitoring, supplies of basic goods in the groceries are enough for the next 2-4 weeks. Pascual made this assurance after meeting with manufacturers of basic necessities and prime commodities (BNPCs) as...
Consumers will have mixed emotions on their drive to petroleum pumps this week, as gasoline users will have their pockets squeezed by a relatively hefty spike; while diesel prices would be unchanged. The industry players announced that gasoline prices will rise by P1.10 per liter as had been...
Motorists using gasoline products in their vehicles will have to brace for heavier financial burden next week, as the price of this commodity is anticipated to rise by more than P1.00 per liter, based on the initial estimate of the oil companies. According to industry players, gasoline prices will...
The drive of consumers to petroleum pumps this week will take a little pinch on their pockets, as the price of gasoline products will rise by P0.80 per liter and diesel will go up by P0.60 per liter. For vital industries as well as households that have been leaning on kerosene products, they will...
Despite fragmenting markets and the changing landscape for global gas commodity trading, the Department of Energy (DOE) indicated it may still opt for oil-linked pricing if Malampaya would yield new commercial gas discovery. According to Energy Secretary Raphael P.M. Lotilla, the pricing...
Motorists will feel the pinch on their wallets anew as fuel commodity prices take a reverse course for uptrends next week, based on calculation by oil companies. According to the industry players, diesel prices will have a relatively significant increase of P1.25 to P1.55 per liter, while gasoline...
Consumers in Southeast Asia, including the Philippines, are adopting new trends in shopping and preferences as they emerged more perceptive post-pandemic, according to a new study. A study Trendipedia 2023 by Tetra Pak, a world-leading processing and packaging solutions company, monitors changes...
Leading oil firm Petron Corporation reported that its consolidated net income in the first quarter this year slightly dropped to P3.4 billion versus last year’s more upbeat bottom line of P3.6 billion due to higher financing cost. “The increase in financing cost was partly tempered by the...
