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Mixed oil price movements seen next week

Oil firms are expected to implement minimal price cuts on fuel products this week......»»

Category: newsSource: philstar philstarAug 1st, 2020

Small fuel price cuts set this week

Minimal price cuts on gasoline products are seen this week with Unioil Philippines warning motorists to expect mixed adjustments......»»

Category: newsSource:  philstarRelated NewsJul 20th, 2020

Minimal movements in gas prices expected this week

Oil prices are expected to have minimal price movements this week amid a volatile global market......»»

Category: newsSource:  philstarRelated NewsAug 3rd, 2019

Economic recovery takes ‘one step back’

The Philippine economic recovery is taking a step back to curb the surging coronavirus outbreak and fix the fragile health system waging a “losing battle” against the pandemic. Finance Secretary Carlos G. Dominguez III said yesterday that the return of Metro Manila and nearly provinces to a stricter lockdown may take a toll on the drivers of economic rebound in the near-term. But Dominguez said that if the reimposed stricter modified enhanced community quarantine (MECQ) is correctly implemented, it will have a favorable impact on the nation’s long-term economic prospects. “In the short run, the return to MECQ may negatively affect livelihoods, consumer demand and production. However, if the time is used to boost all our medical resources and prevent further spread of the virus, then the MECQ will be positive for the long haul,” Dominguez said. As this is a new virus, Dominguez explained that nations, including the Philippines, continuously learn to adapt to the challenges posed by the new and uncertain environment induced by coronavirus. “The whole world is learning how to dance with this virus: two steps forward and one step back,” Dominguez said.Earlier, the DOF chief pushed for a shift of Metro Manila and Calabarzon—accounting for about 70 percent of the country’s gross domestic product (GDP)—“as quickly as possible” to the most lenient quarantine status to kickstart the economy. However, President Duterte ordered Metro Manila, Bulacan, Cavite, Laguna, and Rizal back under the MECQ from August 4 to 18 following a surge of COVID-19 cases and the appeal of healthcare workers. The two week shift to MECQ for Metro Manila and its adjacent provinces starting today ceased some businesses and public transport, while work and quarantine passes are also reinforced to restrict non-essential movements. Reverting to MECQ is an unwelcome develop for the economic managers as it could derail hopes for a recovery in the third quarter of the year. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua earlier said the economic impact of the quarantine measures in country was “more severe than expected.”  Days before Metro Maila reverted to MECQ, Dominguez said the local economy had already hit bottom and started to recover from the coronavirus-induced crisis, noting business activities have begun to pick up. The government had gradually eased the tough virus lockdown measures after the economy shrank by 0.2 percent in the first quarter......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

Fed to meet amid mixed indicators of US economy

The Federal Reserve meets next week amid mixed signals on the health of the US economy, with some sectors bouncing back from the coronavirus-caused downturn and others struggling......»»

Category: newsSource:  thestandardRelated NewsJul 26th, 2020

P27 each set for AREIT IPO

The country’s first real estate investment trust, the Ayala group’s AREIT Inc., will go on offer next week at P27 per share which was lower than the maximum indicative price of P30. At the set price, AREIT expects to generate P12.336 billion. The float will provide a new asset class to the public, allowing investors […] The post P27 each set for AREIT IPO appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 23rd, 2020

Gasoline price cut seen at P0.20

Consumers may expect lower gasoline prices this week but no movement in diesel prices, a distributor said Sunday......»»

Category: newsSource:  thestandardRelated NewsJul 19th, 2020

US stocks mostly up, Netflix drops

NEW YORK, United States  — Wall Street stocks finished a volatile week mostly higher Friday following mixed economic data as Netflix shares retreated following disappointing earnings. The Dow Jones Industrial Average dipped 0.2 percent to 26,671.95. The broad-based S&P 500 gained 0.3 percent to 3,224.73, while the tech-rich Nasdaq Composite Index also won 0.3 percent to 10,503.19. […] The post US stocks mostly up, Netflix drops appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 18th, 2020

PBA: Blackwater gets P100,000 fine for protocol breach

Blackwater is taking a huge penalty for its supposed violation of PBA protocols for return to practice amid the ongoing COVID-19 pandemic. PBA Press Corps President Gerry Ramos of Spin,ph reported Thursday that the PBA Commissioner's Office has issued a P100,000 fine on the Elite. The team made news this week after team owner Dioceldo Sy bared on an online interview with One Sports that the Elite have started working out. However, the said workouts were before the PBA officially gave its go-signal to have teams practice, putting the team at odds with the league and the Games and Amusements Board. Wednesday night, Philippine Star sports editor Nelson Beltran broke a story that Sy has plans to sell Blackwater's PBA franchise. [Related: PBA: Blackwater franchise for sale at P150 million] The asking price is P150 million. Aside from the monetary fine, the PBA will order the Elite to undergo swab testing for COVID-19. The team will also observe a seven-day quarantine.   — Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsJul 16th, 2020

New drug spurs oil price hike

Oil prices will likely go up this week, and by as much as P0.70 per liter, amid the optimism on a new treatment for the coronavirus disease, a supplier said Sunday......»»

Category: lifestyleSource:  abscbnRelated NewsJul 12th, 2020

Oil price hike seen this week

After the price rollback last week, oil companies are raising pump prices anew......»»

Category: newsSource:  philstarRelated NewsJul 11th, 2020

Oil price hike today

Motorists will have to pay more for fuel this week as the additional tariffs on petroleum products now reflect on prices......»»

Category: newsSource:  philstarRelated NewsJun 23rd, 2020

Another oil price hike implemented this week

The Department of Energy expects oil companies to implement the additional 10 percent tax on crude and petroleum products starting this week......»»

Category: newsSource:  philstarRelated NewsJun 18th, 2020

Oil price upsurge: P1.10/liter

Oil prices are expected to rise this week, with the cost of gasoline going up by as much as P1.10 per liter to reflect changes in the world market......»»

Category: newsSource:  thestandardRelated NewsJun 14th, 2020

Another hike in pump prices seen

Big fuel price increases will greet motorists this week......»»

Category: newsSource:  philstarRelated NewsJun 13th, 2020

Oil, power price hikes in the offing

Consumers are facing a hefty oil price hike of as much as P1.90 per liter this week to reflect the movement of oil prices in the world market......»»

Category: newsSource:  thestandardRelated NewsJun 7th, 2020

Oil price hike looms: P0.30

Consumers can expect higher pump prices this week as diesel is poised to go up by as much as P0.30 per liter while some oil firms may start to implement the impact of the additional 10 percent duty on all crude petroleum oil and refined petroleum products......»»

Category: newsSource:  thestandardRelated NewsMay 31st, 2020

Big price hikes for fuel this week

Oil companies are implementing hefty price increases on fuel products this week......»»

Category: newsSource:  philstarRelated NewsMay 25th, 2020

Big-time fuel price hike set this week

Big-time fuel price hike set this week.....»»

Category: newsSource:  cnnphilippinesRelated NewsMay 25th, 2020

Brazilian Jiu-Jitsu icon Tom DeBlass explains reasons for signing with ONE Championship

It’s been nearly seven years since New Jersey native Tom “T-Bone” DeBlass set foot inside a mixed martial arts arena.  Back in November of 2013, DeBlass competed in last MMA bout, knocking out Jason Lambert in just under two minutes at Bellator 108.  Since then, the 38 year old has continuously been active in the Brazilian Jiu-Jitsu circuit, competing in tournaments such as the ADCC, and the No Gi World Championships.  Last week however, DeBlass confirmed that he will be making a return to mixed martial arts after signing with Asian powerhouse ONE Championship.  For the third-degree BJJ Black Belt, the pandemic caused by the COVID-19 virus was a factor in getting him to return to the cage.  “This pandemic has really changed my way of thinking and my thought process. It’s very hard for me to just sit in my home, and I started developing a fire, a drive, and a motivation that I didn’t have before, but I put all my faith in God,” DeBlass told ONE Championship.    DeBlass believes that ONE Championship reaching out to him was the Lord’s will.  “A few days after I had a long prayer, Chatri [Sityodtong] messaged me and asked me what I thought about fighting. If it wasn’t him who messaged me, I wouldn’t have even thought about it.” “I truly admire what he has done with ONE, and I admire him. I said this must be God’s plan,” DeBlass continued.  DeBlass is a former Ring of Combat Heavyweight World Champion, apart from being a Bellator and UFC veteran.  Now, the Ricardo Almeida black belt will be taking his talents to the world’s biggest martial arts stage, and it’s because he has been quite impressed with what he’s seen with ONE.  “If I did come back to competition, it’s with ONE and no one else. I love what ONE Championship stands for and I’ve been to the shows multiple times,” DeBlass stated.  “I love the Samurai spirit. I love the Asian culture. Whether ONE is fighting in Asia or the United States, the culture they have represents much more than mixed martial arts,” he added.  DeBlass sees his return to competition with ONE as a chance to once again display what he can do and have fun while doing it.  “I look at ONE as a way of life and not fighting. I don’t look at ONE as fighting at all. I look at ONE as a chance to showcase my skills once again, have fun and push myself, and hopefully inspire other people.” Coming into the promotion as a heavyweight, DeBlass will be able to test himself against the likes of Alain Ngalani, Mauro Cerrilli, Arjan Bhullar, Vitor Belfort, and reigning ONE Heavyweight World Champion Brandon Vera.  DeBlass won’t be making any bold predictions as to how far he’ll go in the division however.  “I don’t want to get ahead of myself. I don’t want to disrespect anyone that has been in ONE or any titleholders or anybody who has been putting their time in. I’m just going to say my goal is to inspire everyone, fight by fight.” “Every fight I have, I look to win. Every competition I have, I look to win. Whatever path God takes me on, whether that be a World Title or defeat, I accept my fate. Let’s see what happens. It’s going to be phenomenal,” he concluded. .....»»

Category: sportsSource:  abscbnRelated NewsMay 25th, 2020

Oil firms set price hike whopper: P2.30 per liter of diesel

Pump prices could go up this week by as much as P2.30 per liter effective Tuesday to reflect the movement of oil prices in the world market......»»

Category: newsSource:  thestandardRelated NewsMay 24th, 2020