We are sorry, the requested page does not exist
Manufacturers temporarily forgo price increases — DTI
The Department of Trade and Industry has announced that several manufacturers have temporarily forgone their requests for price increases after Trade Secretary Alfredo Pascual requested them to be mindful of the consumer’s plight amid the skyrocketing prices that they have to endure these days, as a result of their meeting last Thursday afternoon. On 21 September 2023, the DTI convened a meeting with manufacturers of basic necessities and prime commodities, where a total of 29 manufacturers and two associations of canned sardines, coffee, processed milk, bread, salt, detergent, candles, condiments, bottled water, canned meat, toilet soap and batteries participated in the said dialogue. According to DTI Undersecretary Communications and Legislative Affairs Kim Lokin, Secretary Pascual’s meeting with manufacturers went well, as these firms are willing to hold off on a price increase for now. “Although of course, they raised concerns that on the production level, there is indeed an increase in cost. Sec Pascual is very appreciative of the gesture,” she said. Manufacturers assured On the other hand, the Trade chief assured manufacturers that he would also consider their plight, and the need to sustain their businesses and provide jobs. Lokin said the DTI will hold another round of consultations, especially for those who have serious or urgent concerns, which will be on a case-to-case basis. Further, the DTI undersecretary stressed that this does not mean that forgoing the price increase is definite until Christmas. “For now, we can say the manufacturers are willing to hold off any increase for as long as they can. It is difficult to say when they will adjust prices because the cost of raw materials and ingredients used are also subject to market forces. Sec Pascual would have to consider all stakeholders, although of course in his mind, consumers’ needs are paramount,” Lokin stressed. Concerns During the dialogue, manufacturers expressed their concerns about various issues, including the imposition of pass-through fees; lack of local supply of raw materials; the compliance requirements of other government agencies, and other regulatory concerns. As of 19 September 2023, 14 manufacturers of 46 Stock Keeping Units covering 10 categories of BNPCs requested retail price adjustments due to the high cost of major raw materials, packaging materials, fuel costs, wages, and other costs that affect the production of essential goods. In their statement, the Philippine Association of Meat Processors Inc. said that manufacturers of Noche Buena products decided to absorb the bulk of rising costs. “In our commitment to observing the Christmas spirit and ensuring everyone can enjoy the festival season,” PAMPI said. “We are working diligently to manage rising costs. Production costs have risen by an estimated 10-15 percent, most of these products will only see a modest price increase of 0-4 percent”, PAMPI added. Meanwhile, Pascual said he is also committed to closely working with the salt and canned sardine manufacturers to address their specific concerns. The DTI secretary ensured that all concerns raised were taken into consideration and vowed to support the manufacturing sector, urging them to go into value addition. The post Manufacturers temporarily forgo price increases — DTI appeared first on Daily Tribune......»»
Storm ‘Haikui’ heads to China
Typhoon “Haikui” toppled hundreds of trees, damaged coastal roads and dumped torrential rains across Taiwan Monday before it weakened into a severe storm and headed for southern China. “Haikui” had initially appeared to depart the island but made a second landfall early Monday in southwest Kaohsiung, before it was downgraded to a severe tropical storm as it moved out into the Taiwan Strait. There were no reports of deaths, but destruction was seen in coastal Taitung, a mountainous county in lesser-populated eastern Taiwan where the storm directly hit the day before. “I’ve lived here for so long and I have never seen such wind gusts,” said Chen Hai-feng, 55, a village chief in Taitung’s Donghe township, where he was with an early-morning work crew removing trees from a road. Although “Haikui” is considered to be less severe than previous storms, Chen said it felt more powerful. “It came straight through us.” Workers carefully maneuvered diggers to move downed tree branches and electrical wiring that had snapped and splayed across the rain-drenched road. Further north in coastal Changbin township, workers ferried massive concrete blocks to a coastal highway that had partially collapsed from the force of waves slamming into it, hoping they would absorb the impact. Heavy orange-colored barriers were placed near the edge to prevent cars from skidding over on the slippery roads. “Haikui” — the first typhoon landfall in Taiwan in four years — forced the evacuation of more than 7,000 people across the island, particularly from landslide-prone mountainous regions. Hundreds of flights were cancelled and businesses were closed. More than 217,000 households temporarily lost power through Sunday and overnight. By midday Monday, 11,000 homes still had no electricity, while schools and businesses remained closed in 14 cities as torrential rain bucketed down. A forecaster with Taiwan’s Central Weather Bureau said “Haikui” initially appeared to track away from the island and out to sea but made a second landfall in Kaohsiung at around 4 a.m. During the night “the center of the typhoon was almost circling” the port city, but as it moved along the coastline “the structure of the typhoon is damaged by the terrain and gradually weakens,” she said. with afp The post Storm ‘Haikui’ heads to China appeared first on Daily Tribune......»»
Storm Haikui heads to China after double landfall in Taiwan
Typhoon Haikui toppled hundreds of trees, damaged coastal roads and dumped torrential rains across Taiwan Monday before it weakened into a severe storm and headed for southern China. Haikui had initially appeared to depart the island but made a second landfall early Monday in southwest Kaohsiung, before it was downgraded to a severe tropical storm as it moved out into the Taiwan Strait. There were no reports of deaths, but destruction was seen in coastal Taitung, a mountainous county in lesser-populated eastern Taiwan where the storm directly hit the day before. "I've lived here for so long and I have never seen such wind gusts," said Chen Hai-feng, 55, a village chief in Taitung's Donghe township, where he was with an early-morning work crew removing trees from a road. Although Haikui is considered to be less severe than previous storms, Chen said it felt more powerful. "It came straight through us." Workers carefully maneuvered diggers to move downed tree branches and electrical wiring that had snapped and splayed across the rain-drenched road. Further north in coastal Changbin township, workers ferried massive concrete blocks to a coastal highway that had partially collapsed from the force of waves slamming into it, hoping they would absorb the impact. Heavy orange-colored barriers were placed near the edge to prevent cars from skidding over on the slippery roads. Haikui -- the first typhoon landfall in Taiwan in four years -- forced the evacuation of more than 7,000 people across the island, particularly from landslide-prone mountainous regions. Hundreds of flights were cancelled and businesses were closed. More than 217,000 households temporarily lost power through Sunday and overnight. By midday Monday, 11,000 homes still had no electricity, while schools and businesses remained closed in 14 cities as torrential rain bucketed down. A forecaster with Taiwan's Central Weather Bureau said Haikui initially appeared to track away from the island and out to sea but made a second landfall in Kaohsiung at around 4:00 am (2000 GMT Sunday). During the night "the center of the typhoon was almost circling" the port city, but as it moved along the coastline "the structure of the typhoon is damaged by the terrain and gradually weakens", she said. By mid-day, the storm had moved southwest of Taiwan's outlying island of Penghu, but was still bringing torrential rain and strong winds to the south and northeast. In picturesque Hualien county, waterfalls cascaded down the lush cliffs along Taiwan's east coast, while market vendors in Keelung -- a northern port city surrounded by mountains -- braved the rain to sell fruit to raincoat-clad shoppers. In Kaohsiung, the local government reported hundreds of toppled trees and flooding in dozens of locations, although the situation was easing as the storm departed and the weather conditions improved. Nearly 80 people suffered injuries during the typhoon, according to authorities, though they were minor -- mostly due to fallen trees and car accidents. The post Storm Haikui heads to China after double landfall in Taiwan appeared first on Daily Tribune......»»
GCash sees Paleng-QR as deterent vs.cybercrime
An executive of Globe Telecom’s GCash said e-wallet providers should help further expand the use of QR codes at public markets to teach most Filipinos about cybersecurity in various digital financial services, including digital banking. “You cannot educate someone if he or she is not using the digital platform payment, so we make people part of the digital economy, even in marginalized areas,” said Migs Geronilla, GCash chief information and security officer, during the cybersecurity forum organized by Digital Pilipinas, Bank of the Philippine Islands, and Global Fintech Institute last Friday, 28 July 2023. The Bangko Sentral ng Pilipinas’ Paleng-QR uses QR codes that consumers can scan through their mobile phones and draw funds from their e-wallets to pay for goods at public markets. Cash-lite payments Conceptualized in 2021, this program was launched by the BSP along with the Department of the Interior and Local Government to promote cash-lite payments as the world made a shift to the digital economy. Regarding Paleng-QR, Geronilla said, “We’re very aggressive on it, making this digital payment a part of the daily lives of users. That’s the point of doing financial education and cybersecurity because when we see that it’s good for them, we can pinpoint where they can actually absorb the information.” With the proliferation of e-wallets and digital banks, Lawrence Ferrer, president and CEO of Bayad, a payments collector, said cybercrimes among Filipinos remain rampant and their trust in companies shaky. Organized and well-funded “Cyberfraudsters are organized and well-funded,” he said, recounting a time when “I got an SMS informing me that my bank account was unlocked. I’ve been getting this since last year, so you can imagine the amount of effort they put in. I don’t think this comes only from the Philippines but also outside.” Research group Tangere found in a recent survey it conducted that 80 percent of Filipinos receive scam attempts through text messages and 15 percent of them are alerted with such messages at 2 in the morning. Majority or 90 percent of the 1,000 respondents in the survey said they mostly fear phishing, a method where fraudsters obtain personal information of victims, such as their credit card numbers, by sending them emails or text messages. The post GCash sees Paleng-QR as deterent vs.cybercrime appeared first on Daily Tribune......»»
Church visits are allowed only until 10 p.m. – Police chief
CEBU CITY, Philippines – Church visits on Maundy Thursday will only be allowed until 10 p.m. the chief of the Cebu City police announced on Thursday, March 28. Police Colonel Ireneo B. Dalogdog, City Director of the Cebu City Police Office (CCPO) said that the public is not allowed inside religious places past 10:00 p.m......»»
Philippines sees increase in hotel bookings from overseas in 2023 — report
Hotel bookings from overseas rose in the Philippines in 2023, a report on hotel booking trends by hotel channel manager SiteMinder found......»»
Belmonte, Binay call for climate action funding from development banks
The C40 coalition of cities, a network of nearly 100 mayors, asked MDBs to increase urban climate investment, integrate urban climate action into their strategies, and implement tailored programs to support city projects. .....»»
Pentagon chief reaffirms support after latest China aggression in WPS
Austin emphasized US support for the Philippines in defending its sovereign rights and jurisdiction in a phone call with Defense Secretary Gilberto Teodoro on Wednesday. .....»»
Philippines logs 40 pertussis deaths this year
MANILA, March 28 (Xinhua) -- Forty children have died of whopping cough, a respiratory infection also called pertussis, since this year, the Philippines' Department of Health (DOH) has reported. The DOH said in a statement on Wednesday that cases have continued to increase since the start of this year, recording 568 cases from Jan. 1 to March 16. "The total number of cases for the same period in 2023 was.....»»
Stocks eke out gains, back at 6,900
The stock market eked out gains to move back up to the 6,900 level as investors continued to hunt for bargains......»»
New DCPO chief pledges technology-driven approach
THE new director of the Davao City Police Office (DCPO) underscored the utilization of technology to streamline their operations......»»
Pertussis or whooping cough: 40 child deaths so far this year – DOH
MANILA, Philippines — Assistant Health Secretary Albert Domingo reported on Wednesday that as of March 16 this year, some 40 children had died of whooping cough — a respiratory infection also called pertussis. An increase in new pertussis cases nationwide had been observed nationwide, with 28 cases reported from March 10 to 16. READ: What.....»»
Trending tickers: Trump Media, Tesla, Bitcoin and DS Smith
Former US president Donald Trump’s media firm, Trump Media & Technology Group, had a successful stock market debut in New York, with shares soaring past.....»»
Victims of Baltimore bridge collapse include those from Mexico, Guatemala
Maryland [US], March 27 (ANI): Among those reported missing following the collapse of the Francis Scott Key Bridge in Baltimore in the US are Mexican nationals, CNN reported, citing Rafael Laveaga, Chief of the Consular Section of Mexico's Embassy in Washington. Laveaga refrained from specifying the exact number of missing Mexican nationals when he addressed reporters near the scene on Tuesday. A reporter asked Laveaga: ".....»»
JG Summit FY23 profit: P19.6-B (up 216%)
JG Summit, the Gokongwei Family’s diversified conglomerate, teased its FY23 financial results headlined by a 216% increase in the company’s net income to P19.6 billion......»»
Ministry helping improve BARMM’s business climate names 10 new officials
The Bangsamoro chief minister has filled out ten regional positions in one of the ministries under him to boost its operation as requested by business blocs enticing foreign investors to venture into viable businesses in the region......»»
Russian Spy Chief Makes Bizarre Claim of US, UK, and Ukraine Involvement in Moscow Attack
In a recent development, the director of Russia’s Federal Security Service (FSB) has made startling accusations against Ukraine, the US, and the UK, claiming they.....»»
EDITORIAL — An endangered lake
In January this year, President Marcos directed the Department of Agriculture to increase fish production to meet the national demand......»»
2 farm-to-market roads completed in Zamboanga del Norte
2 farm-to-market roads completed in Zamboanga del Norte.....»»
New DCPO chief to focus on personnel morale, asset optimization
THE Davao City Police Office (DCPO) bid farewell to PCol. Alberto Lupaz and welcomed its new City Director, PCol. Richard Bad-ang, in a turn-over ceremony at the Camp Captain Domingo E. Leonor on March 22......»»