Amid tensions in the Middle East that could affect global logistics and fuel costs, medicine prices in the Philippines are expected to remain stable in the coming months, with no increases seen at least until June, the Department of Health (DOH) said on Friday, April 10. Health Secretary Teodoro...
Simple solutions tend to go a long way. In keeping with this maxim, Quezon City 5th district Rep. PM Vargas has renewed his call for the immediate passage of the Philippine Bicycle Act, as he cited the urgent need for sustainable transport amid elevated prices of fuel. Under House Bill (HB) No....
The 13-committee House Legislative Energy Action Development (LEAD) Council must also provide ample attention to the problem of rising unemployment in the country. Thus, said Cavite 1st district Rep. Jolo Revilla, who cited the latest Philippine Statistics Authority (PSA) data which showed renewed...
As rising fuel costs threaten to drive up the price of everyday food, Manila is turning to one of the most familiar fixtures of Filipino life, the local panaderya, offering P25,000 in cash aid to keep bread within reach of ordinary families. "Ang pandesal is simbolo ng almusal ng pamilyang...
ZAMBOANGA CITY – Zamboanga City was placed under a state of calamity due to rising oil prices from the Middle East conflict. The Sangguniang Panlungsod approved a resolution during its regular session on Wednesday, April 8, based on a recommendation of the City Disaster Risk Reduction Management...
Batangas 1st district Rep. Leandro Legarda Leviste is up in arms over the stratospheric price levels of fuel in the Philippines, which he described as among the most expensive in Asia. But at least this problem has a very simple solution, he noted. "Ang Pilipinas ay isa sa may pinakamataas na...
The House of Representatives took the first hearing of 13-committee Legislative Energy Action Development (LEAD) Council very seriously. An unheard of 170 out of the 318 members of the lower chamber was listed as the peak attendance of the energy crisis council hearing around noon Wednesday, April...
The jump in the March inflation rate has set the stage for a potential 50-basis-point (bp) rate hike by the Bangko Sentral ng Pilipinas (BSP) during the second quarter, according to global investment banking giant Goldman Sachs. In an April 7 report obtained by Manila Bulletin, Goldman Sachs...
While President Marcos believes the two-week ceasefire deal between the United States and Iran may not be enough to lower the prices of oil, the country will maximize it to increase its supply. "So, we will take full advantage of the two weeks to increase our supply as much as possible and to...
Despite staring at a massive P10-billion budget shortfall for the rest of the year no thanks to runaway fuel prices, the National Power Corporation (Napocor) assured House of Representatives members on Wednesday, April 8 that there will be no power interruptions in its service areas. Giving his...
The Department of Agriculture (DA) is considering the imposition of price ceilings on other agricultural commodities aside from imported rice should retail prices exceed reasonable levels. “If there’s profiteering, yes, we’ll do that,” Agriculture Secretary Francisco Tiu Laurel told...
Lucio Co’s grocery retailer Puregold Price Club Inc. is targeting revenue growth of five to seven percent this year as it focuses on the youth market. In its presentation to stock analysts, the firm said that one of its growth pillars this year is to cater to shoppers aged 18 to 25 years old. It...
