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DTI allows manufacturers to downsize certain goods to offset rising costs
MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Wednesday that manufacturers of essential goods can maintain profitability amid rising production costs by reducing product sizes or weights, instead of increasing prices. Trade Assistant Secretary Amanda Marie Nograles explained during the televised Bangon Pilipinas briefing that the DTI permitted this adjustment for.....»»
Nine SKUs post price hike in latest SRP bulletin
Nine stock keeping units have recorded price hikes in the most recent suggested retail price bulletin for basic necessities and prime commodities, according to the Department of Trade and Industry......»»
DA, DTI urged to enforce stricter price monitoring during Holy Week
A lawmaker has called on the Department of Agriculture and the Department of Trade and Industry to keep an eye on possible price surges during the Holy Week and set suggested retail price on basic commodities......»»
Philippines total external trade up 9.7 pct in February
MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday. Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said. The PSA said the deficit of trade in goods amounted to 3.65 billion dollars,.....»»
Government to address price hikes – NEDA
The government is stepping up efforts to address price increases in basic commodities such as rice following a recent survey indicating that Filipinos are dissatisfied with efforts to manage inflation, according to the National Economic and Development Authority......»»
Philippines keeps eye on price manipulators amid El Nino
MANILA, March 7 (Xinhua) -- Amid the El Nino dry spell and drought, the Philippines will intensify its efforts to ensure a sufficient supply of basic goods and commodities and monitor possible manipulation of their prices, an official said on Thursday. Gilberto Teodoro Jr., chair of the governmental task force on El Nino, has urged the Department of Trade and Industry to intensify market price and supply monitor.....»»
Philippines keeps eye on price manipulators amid El Nino
MANILA, March 7 (Xinhua) -- Amid the El Nino dry spell and drought, the Philippines will intensify its efforts to ensure a sufficient supply of basic goods and commodities and monitor possible manipulation of their prices, an official said on Thursday. Gilberto Teodoro Jr., chair of the governmental task force on El Nino, has urged the Department of Trade and Industry to intensify market price and supply monitor.....»»
Filing of complaints now easier with CARe System – DTI
The DTI introduced the DTI Consumer Complaints Assistance and Resolution System (CARe System) to the general public on 13 October 2023 held at the New World Hotel Manila......»»
DTI, Google to Empower MSMEs and Jobseekers to be Digitally Ready
The Department of Trade and Industry (DTI) and Google Philippines announced their collaboration to help Micro, Small and Medium Enterprises (MSMEs) and jobseekers to be more digitally adept in a US Trade Mission meeting last March 11, 2024, held in Malacañang. DTI Secretary Fred Pascual expressed his appreciation of the partnership with Google and said […].....»»
Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»
Gasoline, diesel prices seen to go up next week
Another round of price hikes for gasoline and diesel may be implemented by local oil companies next week......»»
NCR retail prices rise at slowest pace in nearly 2 years
Retail prices of goods in Metro Manila in January posted its lowest growth rate in nearly two years due mainly to slower food price hikes, according to the Philippine Statistics Authority......»»
Hearings set on higher senior, PWD discounts
The government is set to hold public consultations this week on the rules for the plan to raise the monthly discount cap on basic necessities and prime commodities for senior citizens and persons with disabilities (PWDs) to P500, according to the Department of Trade and Industry (DTI)......»»
Petron rolls back LPG price by P11 per 11-kg cylinder
MANILA, Philippines — Petron Corp. slashed the price of its liquefied petroleum gas product after implementing increases for three consecutive months this year. In its advisory, Petron said its LPG price was cut by P1 per kilogram (kg) or a total of P11 per 11-kg cylinder effective April 1 at 12 noon. “This reflects the.....»»
Oil price hike expected on February 20
After last week’s price rollback, another oil price hike is expected to be implemented by oil firms next week......»»
Oil price rollback expected next week
Lower pump prices for petroleum products are expected next week, with the Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimating an oil price decrease of around P1 to P1.20 per liter for gasoline, P0.40 to P0.60 per liter for diesel, and P0.45 to P0.65 per liter for kerosene......»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
LTO hikes penalties for erring car dealers, importers
LTO hikes penalties for erring car dealers, importers.....»»
Wholesale price growth slowed in 2023
Growth in bulk prices of goods in the country eased last year as food and three other commodity groups posted slower price increases, according to the Philippine Statistics Authority......»»