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...
Despite the suspended strikes among the United States (US), Iran, and Israel, early oil market trading suggested price spikes could continue next week. Based on the average Mean of Platts Singapore (MOPS) during the first two days of this week , diesel is estimated to rise by ₱4 to ₱5 per...
The country’s top manufacturers once again agreed to hold off on price hikes, such that there will be no increases for basic necessities and prime commodities (BNPCs) at least until the end of the month, according to the Department of Trade and Industry (DTI). At the Kapihan sa Manila Bay forum...
The House of Representatives was assured on Wednesday, April 8 that the country’s fuel supply was stable despite global volatility, even as the chamber convened 13 committees to draw up a legislative response to the fuel price crisis. During the first hearing of the 13-panel Legislative Energy...
The push for renewable energy (RE) has seemingly become en vogue among congressmen due to the effects of the fuel price crisis, whch have placed a huge spotlight on the disadvantages of fossil fuel dependence. In recent weeks, a handful of lawmakers have championed pro-RE measures, with some going...
Faster inflation last March means there 's now even more reason for the House of Representatives to immediately pass the measure seeking an increase in Personnel Economic Relief Allowance, or PERA. Deputy Minority Leader ACT Teachers Party-list Rep. Antonio Tinio on Tuesday, April 7...
As rising fuel prices and broader economic uncertainties weigh on travel costs, the Department of Tourism (DOT) is encouraging Filipinos to rethink how they explore—shifting from long-distance trips to more accessible, value-driven experiences closer to home. In a recent advisory, DOT emphasized...
