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Rice prices up anew in April

Farm gate price of paddy rice continued its upward trend, rising by nine percent at the start of April, the Philippine Statistics Authority (PSA) said......»»

Source: Philstar PhilstarCategory: Finance15 hr. 13 min. ago Related News

5 days before Boracay shutdown, resort owners, workers meet to tackle their plight

  BORACAY ISLAND, AKLAN---While tourists were swimming and sunbathing at the white beach a few meters away, resort owner Christopher Jude Lee talked with his employees in a special meeting at the lobby of the Hey Jude South Beach resort here. The mood was sober and the employees listened intently and silently as Lee discussed plans when the island-resort is shut down to tourists onApril 26. Lee said he has to close down the two resorts he operate on the island and will maintain a skeletal force from the total of 58 employees. They will maintain the operations of the resort restaurant for Boracay residents at a discounted price. While the island is closed to touris...Keep on reading: 5 days before Boracay shutdown, resort owners, workers meet to tackle their plight.....»»

Source: Inquirer InquirerCategory: 19 hr. 47 min. ago Related News

NFA set to import 250,000 MT tons of rice in May

via rappler.com – National Food Authority (NFA) said the planned government-to government (G2G) importation of 250,000 metric tons (MT) of cheap rice to serve as buffer stock is expected to stabilize the price of the food staple. The NFA said in a statement on April 20, Friday, that “in consultation Read more ».....»»

Source: Thepinoy ThepinoyCategory: NewsApr 21st, 2018Related News

LTFRB restores Grab s 2x price surge cap

MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) on Friday, April 20, approved Grab Philippines' petition to restore its surge cap to two times from 1.5 times the normal fare. This means that surge pricing cap is at most twice the rates for time covered and distance traveled only, ........»»

Source: Rappler RapplerCategory: NewsApr 20th, 2018Related News

Buy while the market stays in the red

Buying while the market is in the red is one of the trading tips regarded as a winning strategy. This was exactly what Dondee Prime, the latest player to actively join the game in the virtual stock trading challenge, had in mind when he submitted a “buy” order for Pure Gold Price, Inc. (PGOLD) for [...] The post Buy while the market stays in the red appeared first on The Manila Times Online......»»

Source: Manilatimes ManilatimesCategory: Apr 20th, 2018Related News

DTI seeks SRP on well-milled rice

Trade Secretary Ramon Lopez yesterday said putting a cap on the price of well-milled commercial rice is strongly being considered by his department to ensure consumers would get cheaper options when stocks of the National Food Authority are depleted......»»

Source: Philstar PhilstarCategory: NewsApr 19th, 2018Related News

Solon cheers planned rise in buying price of palay

A progressive solon called the National Food Authority (NFA) to immediately implement President Duterte’s order to increase the buying of local price of palay from P17 to P20 per kilogram. Solon cheers planned rise in buying price of palay A progressive solon called today the National Food Authority (NFA) to immediately implement President Duterte’s order… link: Solon cheers planned rise in buying price of palay.....»»

Source: Manilainformer ManilainformerCategory: Apr 19th, 2018Related News

DBS: Inflation likely to peak at 5-6% in Q2

Inflation in the Philippines could hit 5.0-6.0 percent in the second quarter of the year and monetary authorities will likely move to address rising prices by hiking key interest rates next month, Singapore-based bank DBS said. “Having risen above the official 2-4 percent target to 4.3 percent year-on-year in March, CPI (consumer price index) inflation [...] The post DBS: Inflation likely to peak at 5-6% in Q2 appeared first on The Manila Times Online......»»

Source: Manilatimes ManilatimesCategory: Apr 18th, 2018Related News

MVP: No pressure to divest in Rocket

PLDT Inc. plans to hold on to its remaining stake in Rocket Internet as it expects improvement in the European company’s share price in the long term......»»

Source: Philstar PhilstarCategory: FinanceApr 18th, 2018Related News

Sales of sugary drinks further weaken in February

Sales of sugar-sweetened beverages in supermarkets and sari-sari or convenience stores further soured in February following the first wave of price hikes due to the implementation of higher excise taxes......»»

Source: Philstar PhilstarCategory: FinanceApr 18th, 2018Related News

Duterte orders increase in NFA buying price for palay

President Rodrigo Duterte has ordered an increase in the buying price of the National Food Authority (NFA) for paddy rice (palay) despite opposition from his economic managers. In a post on Facebook on Tuesday, Agriculture Secretary Emmanuel Piol quoted the President as saying during the Cabinet meeting on Monday that the increase could boost the NFA's buffer stock, which was wiped out earlier this month. "He did not like a repeat of what happened recently when the country's rice agency went low on its buffer stocks whichever led to a spike in the price of commercial rice in the market," Piol said. Filipino farmers first "Buy from the Filipino farmers first and if you cou...Keep on reading: Duterte orders increase in NFA buying price for palay.....»»

Source: Inquirer InquirerCategory: Apr 18th, 2018Related News

Puregold earns P5.84B in 2017

By Arra B. Francia, Reporter EARNINGS of Puregold Price Club, Inc. grew by 5.7% in 2017, backed by a double-digit increase in sales from its chain of supermarkets across the country. In a disclosure to the stock exchange on Monday, Puregold said net income last year stood at P5.84 billion, higher than the P5.53 billion […] The post Puregold earns P5.84B in 2017 appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 16th, 2018Related News

Puregold, Metro Retail earnings rise last year

Lucio Co-owned Puregold Price Club Inc. reported a consolidated net income of P5.84 billion in 2017, up 5.7 percent year-on-year......»»

Source: Philstar PhilstarCategory: FinanceApr 16th, 2018Related News

Fuel prices resume climb

AFTER LAST week’s price cut, oil companies will again raise the prices of petroleum products this week to reflect rates movement in the international market. Gasoline will rise by P0.35 per liter (/L), diesel by P0.55/L, and kerosene by P0.80/L. For most of the companies, the price adjustment will take place at 6:00 a.m. on […] The post Fuel prices resume climb appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsApr 16th, 2018Related News

PLDT subsidiary selling bulk of Rocket Internet shares

MANILA, Philippines – PLDT Incorporated  is disposing of bulk of its shares in Rocket Internet SE – a German investor in technology start-ups – for a lower price of €24 (P1,545.28) per share, or a total of about €163.2 million (P10.51 billion), to partly fund its historic high capital spending budget for 2018. The ........»»

Source: Rappler RapplerCategory: NewsApr 16th, 2018Related News

Ramiscal gets another 123 years over AFP retirement fund land scam

    The Sandiganbayan has again convicted retired brigadier general Jose Ramiscal Jr. for anomalies hounding the Armed Forces of the Philippines Retirement and Separation Benefit System's land purchases in the late 1990s. The court's Seventh Division has handed down prison terms of 123 to 216 years on Ramiscal, former president of the now-defunct military retirement fund, and lawyer Nilo Flaviano for 12 counts each of graft and falsification. The case arose from the misdeclaration of the selling price of 12 lots in General Santos City in 1997, cheating the government of P3.506 million in capital gains and documentary stamp taxes. Although RSBS bought the 999-...Keep on reading: Ramiscal gets another 123 years over AFP retirement fund land scam.....»»

Source: Inquirer InquirerCategory: Apr 16th, 2018Related News

Oil firms to hike fuel prices following rollback

AFTER slashing prices of petroleum products last week, oil companies will raise pump prices again effective on Tuesday. Flying V, Phoenix Petroleum, Pilipinas Shell, PTT Philippines, and Seaoil will raise the price of diesel by 55 centavos per liter, starting at 6 a.m. on Tuesday. They will also raise the price of gasoline by 35 centavos per liter, [...] The post Oil firms to hike fuel prices following rollback appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: NewsApr 16th, 2018Related News

Razer, Lazada team up for Southeast Asia digital game store

MANILA, Philippines – Razer and Lazada are joining forces to bring gamers in Southeast Asia the gaming goods.  The two companies announced on Wednesday, April 11, they were coming out with a Razer store on Lazada, which would allow gamers in southeast Asia to purchase digital games at local price ........»»

Source: Rappler RapplerCategory: NewsApr 12th, 2018Related News

China March factory, inflation point to ebbing economic growth

BEIJING — China’s producer price inflation continued cool in March, slowing to a 17-month low and backing expectations of a broader slackening in economic growth this year. Consumer inflation also eased in the previous month as the effects of booming demand spurred by the Lunar New Year holiday in February receded, official data showed on […] The post China March factory, inflation point to ebbing economic growth appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceApr 11th, 2018Related News

Trump mulls ‘very tough’ military response to Syria attack

WASHINGTON --- President Donald Trump is threatening an imminent military strike against Syria, vowing to respond "forcefully" to Saturday's apparent chemical weapons attack on civilians and warning that Russia or any other nation found to share responsibility will "pay a price." As he began a Monday evening meeting with military leaders at the White House, Trump promised to "make a decision tonight or very shortly thereafter." He said: "We have a lot of options militarily, and we'll be letting you know pretty soon. Probably after the fact." The White House sharply rejected any suggestion that Trump's own words about pulling US troops out of Syria had opened the door for the at...Keep on reading: Trump mulls ‘very tough’ military response to Syria attack.....»»

Source: Inquirer InquirerCategory: Apr 10th, 2018Related News