The Insurance Commission must suspend the implementation of its Circular Letter No. 2022-34, which seeks to increase the insurance premium rates on catastrophes such as typhoons, floods and earthquakes. (Bernard Hermant/ Unsplash) AGRI Party-list Rep. Wilbert T. Lee reiterated this call Sunday,...
CAGAYAN DE ORO CITY -- The Department of Trade and Industry (DTI) Misamis Oriental has a piece of advice for consumers buying food items for their ‘Noche Buena.’ The DTI said it would be better if the consumers would do a sort of ‘price canvassing’ before buying the food items in the...
Trade and Industry Secretary Alfredo E. Pascual gave an assurance that prices on basic necessities and prime commodities (BNPCs) will not be increased during this Christmas season, but by early next year yet. Pascual made this assurance on Thursday, Dec. 1, after meeting the National Price...
Retail tycoon Lucio Co is selling another personal investment to one of his publicly-listed corporations. In a brief disclosure to the Philippine Stock Exchange, Puregold Price Club said it is acquiring 100 percent of the Co family’s PSMT Philippines Inc. for P112.5 million. “The Board of...
Trade and Industry Secretary Alfredo E. Pascual has hinted of a likely increase in the suggested retail prices (SRP) on basic necessities and prime commodities (BNPCs). In a radio interview, Pascual said the agency expects that 25 percent of requests for price adjustments may be granted at...
Trade and Industry Secretary Fred Pascual started his onsite price watch with the pilot run of “Ikot Palengke” in Marikina City public market and supermarkets to tighten price and supply monitoring of basic necessities and prime commodities (BNPCs), ensure fair trading, and consumer protection...
A total of 195 shelf keeping units (SKUs) or product variants of Noche Buena products have raised prices with almost half increased their prices by more than 10 percent and the rest with minimal hikes of one to 10 percent on higher cost of imported and local materials, packaging and overhead costs....
A member of the Makabayan bloc in the House of Representatives wants Malacañang to certify as “urgent” the proposed measures that will help curb the impact of spiraling oil prices. (Photo by Mark Balmores/MANILA BULLETIN) House Deputy Minority Leader and ACT Teachers Party-list Rep. France...
Retailer Puregold Price Club, Inc. and imported liquor distributor The Keepers Holdings Inc., both listed firms controlled by tycoon Lucio Co, reported strong earnings growth in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, Puregold said it grew consolidated...
House Ways and Means Committee Chair Rep. Joey Salceda wants to consider agricultural cartels, hoarding, and profiteering as economic sabotage. Sugar (Pixabay) “I want to give the government the legal basis to raid hoarders and cartels, and to punish them with the full brunt of the law. I...
Senator Sherwin Gatchalian ​wants an assessment carried out on the impact of the Russia-Ukraine conflict on Philippine energy security and affordability. With fuel prices still rising, Gatchalian believed there is a need for Congress to look into the impact of the Russia-Ukraine war in terms...
Puregold Price Club, Inc. (PGOLD) reported a 5.4 percent improvement in consolidated net income to P4.2 billion in the first half of 2022 from the P4.0 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “This was principally driven by the...
