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Consumers express mixed reactions on slight power rate increase

Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»

Category: newsSource:  sunstarRelated NewsJan 26th, 2024

Cebuanos told: Brace for extreme caution heat index in next days

Cebuanos told: Brace for extreme caution heat index in next days.....»»

Category: newsSource:  sunstarRelated NewsApr 2nd, 2024

Cebu brace for hottest month, heat index to become dangerous

Cebu brace for hottest month, heat index to become dangerous.....»»

Category: newsSource:  sunstarRelated NewsApr 28th, 2024

Prices

To most Filipinos, their No. 1 problem is prices – high prices. Of nearly everything. The rate of increase in prices is inflation. Most people don’t understand what inflation means. But they know when prices are high, or are exceedingly high......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

‘Higher NAIA passenger fees loom upon private takeover’

Filipinos should brace for higher passenger service charges of as much as 95 percent at the Ninoy Aquino International Airport when its management goes to the hands of a private group......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

BSP governor says February rate cut not likely

In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao

SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»

Category: newsSource:  sunstarRelated NewsApr 1st, 2024

BSP Governor Eyes Potential Rate Cut as Inflation Eases

In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»

Category: newsSource:  metrocebuRelated NewsJan 30th, 2024

Mixed movements in oil prices seen next week

Pump prices of fuel products may see mixed movements next week, with gasoline continuing its downward trend and an uptick in diesel and kerosene prices following a recent rally in global oil prices......»»

Category: newsSource:  philstarRelated NewsMay 17th, 2024

Xinhua world economic news summary at 0900 GMT, Jan. 19

MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

Xinhua world economic news summary at 0900 GMT, Jan. 19

MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»

Category: newsSource:  manilanewsRelated NewsJan 19th, 2024

As prices increase, farmers demand repeal of Rice Liberalization Law

“Farmers and consumers are demanding the strengthening of the rice industry as a solution to the perennial rice inflation, now nearing an all-time high rate that is expected to continue until July." The post As prices increase, farmers demand repeal of Rice Liberalization Law appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsApr 15th, 2024

Department of Agriculture sees spike in fish,vegetables prices this Lent

A spike in the retail prices of fish and vegetables is expected during the Holy Week, Agriculture Assistant Secretary Arnel de Mesa said yesterday, even as he assured consumers that there will be enough supply of food commodities......»»

Category: newsSource:  philstarRelated NewsMar 22nd, 2024

March inflation may pick up amid high food prices

Inflation likely accelerated for the second straight month in March, mainly driven by high rice prices, prompting the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged at its next policy review in April, analysts said......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

PSA urges Negrense consumers to prioritize basic household needs

PSA urges Negrense consumers to prioritize basic household needs.....»»

Category: newsSource:  sunstarRelated NewsMay 15th, 2024

New NGCP grid brings relief to Panay, Negros Island consumers

New NGCP grid brings relief to Panay, Negros Island consumers.....»»

Category: newsSource:  sunstarRelated NewsApr 13th, 2024

SFELAPCO assures consumers adequate power supply

SFELAPCO assures consumers adequate power supply.....»»

Category: newsSource:  sunstarRelated NewsFeb 29th, 2024

Pinoys still top consumers of online video content

Internet users in the Philippines are among the top consumers of various forms of online video content, including music videos and vlogs, according to a new report......»»

Category: newsSource:  philstarRelated NewsFeb 6th, 2024

Puregold helps Filipino consumers amidst inflation

Puregold helps Filipino consumers amidst inflation.....»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Cebu Daily Newscast: Chocolate hills resort: Bohol governor tells DENR to take legal action ASAP

Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Thursday, March 14.  Chocolate hills resort: Bohol governor tells DENR to take legal action ASAP The provincial government of Bohol wants to find out how the controversial resort located within the famous Chocolate Hills.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2024