Consumer prices last year rose at a much faster pace than government had predicted even as inflation eased to its lowest monthly rate in December, data from the Philippine Statistics Authority (PSA) showed. The country’s headline inflation clocked in at 3.6 percent last month, the lowest posted...
Just coming from heavy spending during the Christmas holidays, Filipino consumers will have to brace for massive spikes in oil prices next week at the scale of P1.85 to P1.95 per liter for gasoline, and P2.20 to P2.30 per liter for diesel products. Kerosene, which is the other commodity in the...
The Department of Agriculture (DA) has faced delays in paying suppliers and merchants in Ilocos region that participated in the government’s voucher system, which provided fertilizer subsidy to rice farmers. A statement from the DA revealed that as much as P100-million worth of fertilizer...
The rate of increase in consumer prices continued to decelerate for the third straight month in November due to slowdown in food costs, the Philippine Statistics Authority (PSA) reported. The headline inflation rate further eased to 4.2 percent last month from 4.6 percent in October, but still...
A group of farmers welcomed the call of Fertilizer and Pesticide Authority (FPA) to increase the local production of fertilizers amid the rising cost of this farm input. In a statement, Kilusang Magbubukid ng Pilipinas (KMP) said such a call from FPA contradicts the importation stance of the...
The Department of Finance (DOF) has warned that the proposed suspension of the excise taxes on fuel will be inequitable and lead to significant revenue losses, thus threatening the country’s recovery and growth prospects. Amid calls for the government to address the recent spiral in fuel prices,...
Consumer prices last month rose near the lower end of a government forecast owing to slower increase in food prices, the National Economic and Development Authority (NEDA) reported on Friday, Nov. 5. Data from the Philippine Statistics Authorty showed that prices increased 4.6 percent in October,...
It will be an early Christmas gift President Rodrigo Duterte will be giving Filipinos if he heeds appeals for the suspension of the imposition on excise tax on petroleum products amid the continued rise in fuel prices. Rep. Jesus 'Bong' Suntay House Deputy Majority Leader and Quezon City Fourth...
A principal author of the law that imposed excise taxes on fuel is now seeking the reduction of the much-criticized imposition but with an effectivity of just six months - from December 1, 2021 to June 1, 2022. Albay Rep. Joey Sarte Salceda Albay Rep. Joey Sarte-Salceda, chairman of the House...
The rollback in prices of kerosene and diesel prices hardly made a dent in relieving Filipinos from the economic woes that the COVID-19 pandemic and the unabated in rise of fuel cost have caused. Magsasaka Partylist Rep. Argel Joseph Cabatbat Magsasaka Partylist Rep. Argel Joseph Cabatbat said that...
The Department of Agriculture (DA) is coming up with ways on how to help rice farmers cope with the rising cost of fertilizer in the Philippines – one of which is to possibly encourage farmers’ cooperatives to import fertilizers directly. In a briefing, Agriculture Underscretary Leocadio...
Senatorial aspirant and human rights lawyer Jose Manuel 'Chel' Diokno on Monday, October 25, called on the government to impose a price ceiling on the prices of goods amid the increase of fuel prices for the ninth straight week. Human rights lawyer Chel Diokno (MANILA BULLETIN FILE PHOTO) Diokno,...
