Senatorial candidate Herbert “Bistek” Bautista on Thursday said he supports the call for Congress to review the country’s oil price mechanism, noting how prices of fuel are being defined especially in the oil industry. Bautista made the call amid threats of more price increases as a result of...
ACE Enexor Inc., the oil and gas investment platform of the Ayala group, will be undertaking a follow-on offering (FOO) for 74,000,000 shares to be priced at P10 to P11.84 per share. The company has secured the go-signal of its board this week on “the appointment of the transaction advisors...
Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
Filipino motorists can finally heave a sigh of relief after roughly three months in financial squeeze at the pumps as diesel prices will be on rollback by P11.45 per liter and gasoline prices will also be cut by P5.45 per liter. At the same time, the price of kerosene products will be slashed by...
Labor group Kilusang Mayo Uno (KMU) conducted a transport strike in Negros Occidental as part of its protest in junking the Oil Deregulation Law amid the bigtime and continuous oil price hikes in the country. The Oil Deregulation Law removed the government’s control on the pricing, exportation,...
The Civil Service Commission (CSC), the central human resource (HR) agency of the Philippine government said on Monday, March 21 that it supports the recommendation of the compressed four-day work week. (Jansen Romero / MANILA BULLETIN) During the Laging Handa public briefing, CSC Commissioner...
The Land Transportation Franchising and Regulatory Board (LTFRB) announced on Friday, March 18, that it had issued a resolution denying the petition of transport groups to increase the provincial fare by P1 for the first four kilometers. According to LTFRB, it issued the resolution for transport...
Aspiring president Senator Manny Pacquiao prefers giving away a sack of rice to poor Filipino families instead of a P200 monthly cash aid amid the continuous hikes in local fuel prices. Presidential candidate Manny Pacquiao Pacquiao said that the government must give away rice to affected Filipino...
Malacañang said President Duterte's decision on the proposed four-day workweek as a reprieve for employees amid increasing fuel prices is expected to come out on Monday, March 21. Commuters line up to board a bus along EDSA as the government enforces movement curbs against the coronavirus...
Presidential candidate Panfilo ‘Ping’ M. Lacson has called on government agencies tasked to distribute fuel subsidies for public utility vehicle (PUV) drivers to consider helping some tricycle drivers and operators without franchises because they, too, are affected by oil price increases....
The government’s fuel subsidies to public transport drivers and operators, while needed, is not enough. That is why the government should start thinking of long-term solutions to address the country’s woes on fuel price increases, senatorial candidate Herbert “Bistek” Bautista on Thursday....
The Department of Transportation (DOTr) and all local government units (LGUs) should expedite the release and distribution of fuel subsidies to the 113,000 tricycle drivers and delivery services riders who are among the intended 337,443 beneficiaries of the P2.5-billion Pantawid Pasada program of...
