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Standard retail price of basic goods increase

Standard retail price of basic goods increase.....»»

Category: entertainmentSource: pep pepJun 12th, 2018

DA, DTI to set standard retail price for basic agricultural goods

The Department of Agriculture (DA) and the Department of Trade and Industry have decided to set a standard retail price (SRP) for basic agricultural goods to protect consumers from alleged "profiteering" by some players in the industry. Prices of basic commodities like rice, vegetable, fish, egg, poultry, livestock, and sugar have been increasing recently. Agriculture Secretary Emmanuel Piol said traders attribute these increases to rising oil prices and the implementation of the administration's new tax program. But a meeting with the industry's stakeholders revealed that while retail prices are increasing, farm-gate prices for the said commodities remained stable. This reflects a...Keep on reading: DA, DTI to set standard retail price for basic agricultural goods.....»»

Category: newsSource:  inquirerRelated NewsMay 31st, 2018

DTI to Hold Off Price Hikes for Basic Goods in Next 3 Months

The prices of basic goods such as water, sardines, noodles, among others will not increase in the next three months, the Department of Trade and Industry (DTI) assured on Wednesday. DTI Undersecretary Ruth Castelo allayed fears of consumers that rising inflation and the tax reform for acceleration and inclusion (TRAIN) law would also cause a […].....»»

Category: newsSource:  metrocebuRelated NewsSep 13th, 2018

DTI finds overpriced basic goods; firms may face up to P1-M fine

DTI warned all establishments that administrative fine of up to P1 million shall be imposed on firms committing any illegal act of price manipulation, specifically profiteering after it found 85 counts of pricing over suggested retail prices (SRPs). DTI finds overpriced basic goods; firms may face up to P1-M fine The Department of Trade and… link: DTI finds overpriced basic goods; firms may face up to P1-M fine.....»»

Category: newsSource:  manilainformerRelated NewsJun 24th, 2018

IMF cautions gov’t on inflation spike

The International Monetary Fund has further raised its inflation forecasts for the Philippines in the next two years and has cautioned monetary authorities to carefully watch the recent faster rate of increase in prices of basic goods. In its Regional Economic Outlook for Asia-Pacific report titled "Good Times, Uncertain Times: A Time to Prepare" released on Wednesday, the IMF projected headline inflation of 4.2 percent in 2018 and 3.8 percent in 2019 for the Philippines. In its October 2017 World Economic Outlook report, the IMF forecast only a 3-percent inflation rate for both 2018 and 2019 even as the upward adjustment also reflected the change in the consumer price index's base...Keep on reading: IMF cautions gov’t on inflation spike.....»»

Category: newsSource:  inquirerRelated NewsMay 9th, 2018

LIST: Price increases since TRAIN

MANILA, Philippines — Prices of basic commodities and goods are expected to increase this year after the Tax Reform for Acceleration and Inclusion Law was en.....»»

Category: financeSource:  philstarRelated NewsJan 18th, 2018

For Adidas and rivals, sponsorships are good business

em>By David McHugh, Associated Press /em> FRANKFURT, Germany (AP) — Multi-million dollar sponsorship deals of the kind between Adidas and the University of Louisville — in focus after a scandal over alleged bribes paid to high school athletes — are not just an effort to burnish the image of sports gear makers. They can be a cost-efficient way to boost sales against tough competition, marketing experts say. Whether in U.S. college sports or European soccer, Adidas and its major rivals Nike and Under Armour reach potential customers more effectively by getting their brands used in the biggest events, say marketing experts. Criminal charges brought last week against an Adidas marketing executive and 9 others drew renewed public attention to the perfectly legal practice of paying university sports programs to wear branded goods. Gatto and others are accused of funneling $100,000 to the family of a high school athlete to gain his commitment to play at Louisville and to sign with Adidas once he became a professional. Louisville and Adidas announced at 10-year, $160 million extension of their sponsorship deal over the summer. That deal is just one among increasingly expensive arrangements. The top recipients this academic year are UCLA with $16.5 million from Baltimore-based Under Armour, followed by University of Texas with almost $12 million and University of Michigan with $9.8 million, both from Nike, according to the Center for Research in Intercollegiate Athletics at the University of North Carolina at Chapel Hill. Payments have risen as the big three competitors bid for exposure that, marketing experts say, can often be more effective and targeted than expensive television advertising. Universities in the top five leagues, or 'conferences' in U.S. sports speak, are in line to get over $200 million this school year, up from around $100 million just five years ago, according to the center's figures. 'Increased investment by Under Armour starting in the 2014-15 academic year, along with continued investment by Adidas, have led to a re-investment by Nike in the intercollegiate athletics space to retain national powers such as Ohio State and Texas, and bring Michigan back into the fold from Adidas,' the center noted in its latest report. George Belch, chair of the marketing department at San Diego State University's College of Business Administration, put it this way: 'It's expensive, but if you want to sit at the table and play the game, you have to ante up.' How much is too much to spend on endorsements? Academics have been trying to figure out what the returns on investment are and marketing experts say the companies surely have their own internal metrics. But 'only they know exactly what the return is,' said Belch. Jonathan Jensen, assistant professor in the sports administration program at North Carolina, notes that the value of sponsorship deals measure the truckloads of equipment given to the schools at retail price, which is far more than the cost to the company to have them produced. 'When you see $250 million, it's not actually $250 million, it's more like $75 million,' he said. And based on what a 30-second commercial costs, having a team wear the company's gear can far outweighs the investment in terms of valuable exposure. That can be money well spent in an era where people can use digital technology to skim past television commercials. 'They don't need to buy airtime,' Jensen said, 'because they are literally part of the event.' On top of that, favorable licensing deals on merchandise mean that the company can earn back much of its sponsorship money solely from fans buying the jerseys. 'The schools themselves are really just in the past two, three or four years getting smart about negotiating and forcing the brands, especially Nike and Under Armour, to pay what they should be,' said Jensen. Similar calculation applies to sponsorship deals outside the United States. Gerd Nufer, director of the German Institute for Sports Marketing in Reutlingen, attempted to figure out how many jerseys companies would have to sell to repay their endorsement deals with national sports teams at the soccer World Cup. He says Adidas needed to see sales of 1.9 million German national team jerseys retailing for around 80 euros in order to make back its 28 million euros-per year sponsorship deal; when Germany won the cup for the fourth time in 2014, 2 million had been sold even before the final match. By contrast, it is unlikely Nike recouped its full $40 million sponsorship with France through direct sales. But it's unlikely that Nike minded much, as its exposure helped its image building more broadly. 'The fact is that building the image of the overall brand and positive halo effects on all branded products of the company is the most important thing,' Nufer wrote in an analysis. That logic was reflected by Nike in its annual financial reports, which indicate it had contractual obligations to pay $1.1 billion in endorsement contracts in 2017. The company, based in Beaverton, Oregon, noted that the costs of sponsorships had risen as competition from rivals had grown. By losing key partnership deals, it said, 'we could lose the on-field authenticity associated with our products, and we may be required to modify and substantially increase our marketing investments.' 'As a result, our brands, net revenues, expenses and profitability could be harmed. ' Adidas says it spent 1.98 billion euros in 2016 on marketing investments, about half of which went for partnerships. That includes events like the World Cup, UEFA's Euro soccer tournament, and the French Open in tennis. And also sponsorships of national federations including Germany, Spain and Argentina plus deals with high profile individuals: soccer stars Lionel Messi, Paul Pogba, and Gareth Bale; basketball stars James Harden and Derrick Rose; U.S. football players Aaron Rodgers and Von Miller, and tennis players Angelique Kerber and Simona Halep. Adidas, based in Herzogenaurach, German, said it was unaware of misconduct in the Gatto case and vowed to fully cooperate with authorities. The company immediately didn't respond to an email inquiry about its sponsorship spending. The company had a good second quarter, with sales beating predictions and growing 27 percent in North America. 'Adidas has been going gangbusters,' said San Diego State professor Belch. 'They are gaining market share on Nike, they have taken away market share from Under Armour in the U.S. market, and particularly in North America they made a tremendous turnaround.' 'So they didn't need this,' he said, referring to the Louisville scandal. 'That's what's really amazing about this.' .....»»

Category: sportsSource:  abscbnRelated NewsOct 5th, 2017

Salary hike for casual workers

By: Felipe V. Celino  ROXAS CITY, Capiz – Councilor Powell Del Rosario of this city is pushing to increase the salaries of casual employees of the city government. Del Rosario said the salaries should be raised because of the increase in prices of basic goods and transportation. But before the Del Rosario’s privilege speech, Mayor Angel […] The post Salary hike for casual workers appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 14th, 2018

Prices of canned sardines to go up in December – trader

  Prices of canned sardines will increase by P0.50 to P0.60 on December, the Canned Sardines Association of the Philippines (CSAP) said on Wednesday.   CSAP President Marvin Lim said the five percent price increase on canned sardines would be due to the hike in the cost of raw materials, petroleum, and labor along with the depreciation of the Philippine peso.   Lim announced the impending price hike amid the appeal of the group Laban Konsyumer for the lowering of the prices of goods amid the series of rollbacks in the prices of oil products. Rhommel Balasbas/RadyoINQUIRER....Keep on reading: Prices of canned sardines to go up in December – trader.....»»

Category: newsSource:  inquirerRelated NewsNov 14th, 2018

Hontiveros: Duterte’s defeatist take on inflation ‘unacceptable’

Senator Risa Hontiveros on Friday said President Rodrigo Duterte's defeatist take on inflation was "unacceptable" as a lot of steps can still be done to tame the seemingly nonstop increase in prices of basic goods in the country. "Kapag gusto, may paraan. Kapag ayaw, maraming dahilan," Hontiveros said in a statement. "Hindi katanggap-tanggap ang pahayag ni Pangulong Rodrigo Duterte na walang magagawa ang kanyang pamahalaan para tugunan ang problema ng taas-presyo sa ating bansa. Hindi ito totoo," she added. The opposition senator then suggested the following actions to level the inflation rate, which reached an over-nine-year-high of 6.7 percent in September: 1. Suspend a...Keep on reading: Hontiveros: Duterte’s defeatist take on inflation ‘unacceptable’.....»»

Category: newsSource:  inquirerRelated NewsOct 26th, 2018

Poor families inflation up 8% in August due to high food prices

The rate of increase in prices of basic goods among those belonging to the bottom 30 percent income households rose from 7.3 percent last July and 3 percent in August last year, the latest Philippi.....»»

Category: newsSource:  philippinetimesRelated NewsOct 23rd, 2018

Opposition reps urge Duterte to repeal TRAIN law as inflation rockets to 6.7%

    Some opposition lawmakers from the House of Representatives have warned that the inflation rate would continue to spike if the administration of President Rodrigo Duterte will not repeal the Tax Reform for Acceleration and Inclusion (TRAIN) law.   The rate of increase in prices of basic commodities rose to 6.7 percent in September, the Philippine Statistics Authority reported Friday.   READ:Inflation hits new over 9-year high of 6.7% in September on elevated food prices   "October's inflation rate may again increase due to the inflationary effect of the big time water rate hike as well as the continuous oil price hikes," Bayan Muna Rep...Keep on reading: Opposition reps urge Duterte to repeal TRAIN law as inflation rockets to 6.7%.....»»

Category: newsSource:  inquirerRelated NewsOct 5th, 2018

DTI orders price freeze in landslide-hit Naga City

THE DEPARTMENT of Trade and Industry has announced a price freeze on basic goods in landslide-hit Naga City, Cebu following the declaration of a state of calamity by the city government. Under the Price Act, a declaration of a state of calamity automatically freezes prices “at their prevailing prices” or placed under price controls......»»

Category: newsSource:  bworldonlineRelated NewsOct 1st, 2018

Price freeze implemented in Central Luzon

CITY OF SAN FERNANDO, Pampanga, Sept 28 (PIA) -- A price freeze on basic goods and prime commodities is now being implemented in the entire Central Luzon as well as in Regions 1, 2 and Cordillera a.....»»

Category: newsSource:  manilanewsRelated NewsSep 28th, 2018

DTI assures no shortage of basic, prime goods in Davao City

DAVAO CITY (MindaNews/ 27 Sept) – The Department of Trade and Industry (DTI) in Davao City has heightened its monitoring to ensure prices of goods are within the suggested retail prices (SRPs) and assured consumers here that there’s no shortage of basic and prime commodities in the local markets. In an interview on Thursday, DTI-Davao […].....»»

Category: newsSource:  mindanewsRelated NewsSep 27th, 2018

NEDA backs state of calamity declaration in typhoon-ravaged areas

THE National Economic Development Authority (NEDA) backed the declaration of a state of calamity in regions affected by typhoon Ompong, as it would allow authorities to impose price ceilings on basic goods to help soften inflation in hard-hit areas. The post NEDA backs state of calamity declaration in typhoon-ravaged areas appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 21st, 2018

DTI dismisses pleas to impose price ceilings

The Department of Trade and Industry (DTI) will not impose price ceilings on manufactured goods, relying instead on the promise of companies not to increase prices in the next few months. Trade Und.....»»

Category: newsSource:  philippinetimesRelated NewsSep 11th, 2018

Health advocates urge gov t to increase tobacco tax

MANILA, Philippines – Health advocates have called on the government to increase the excise tax on tobacco. They also urged the National Economic and Development Authority to remove cigarettes from the  basket of basic goods  to help deter individuals from smoking. “It is not a basic need…. Cigarettes should not be a staple to ........»»

Category: newsSource:  rapplerRelated NewsSep 7th, 2018

6.4% August inflation ‘self-inflicted’; gov’t ‘did little or nothing’ — Salceda

  The country's nine-year high 6.4 percent August inflation was "self-inflicted" largely because the government "did little or nothing." This was the searing remark of Albay 2nd District Rep. Joey Salceda, House Speaker Gloria Macapagal-Arroyo's point-man on counter-inflation, about the country's latest inflation rate onWednesday. READ:Inflation hitsnew9-year high of 6.4% in August The government earlier announced that theAugust inflation spiked to 6.4 percent, the fastest rate of increase in prices of basic goods and services since March 2009's 6.6 percent during Arroyo's time. READ:Arroyo on 6.4% inflation: I've had a more alarming situation as President "Ultimately, the...Keep on reading: 6.4% August inflation ‘self-inflicted’; gov’t ‘did little or nothing’ — Salceda.....»»

Category: newsSource:  inquirerRelated NewsSep 5th, 2018

Longganisang Lucban

A longganisang Lucban merchant reports having to increase the retail price of a favorite dining item among Filipinos as so-called food inflation rises one more time in August. Roel Manipon.....»»

Category: newsSource:  tribuneRelated NewsSep 3rd, 2018

DILG goes after profiteers in disaster-hit areas

The Department of the Interior and Local Government ordered yesterday the reactivation of Local Price Coordinating Councils following reports that prices of basic goods have become exorbitant in some areas hit by disasters in the past weeks. Source link link: DILG goes after profiteers in disaster-hit areas.....»»

Category: newsSource:  manilainformerRelated NewsSep 1st, 2018