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Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
Davao CSWDO distributes 24K food packs to flood, landslide-hit families
THE Davao City Social Welfare and Development Office (CSWDO) has already distributed 24,819 food packs in districts affected by flooding and landslides brought about by the trough of the Low-Pressure Area in the city in the first week of February......»»
EDITORIAL — Rice sufficiency
Once again, rice prices accounted for a substantial percentage of the food-fueled increase in the inflation rate last month......»»
Inflation accelerates to 3.7% in March
The increase in the prices of goods and services in the country accelerated for the second straight month in March on the back of faster upticks in food and transport costs, the Philippine Statistics Authority reported yesterday......»»
Nomura cuts Philippines inflation forecasts
Nomura Global Markets Research slashed its inflation forecasts for the Philippines in the next two years due to the reduction of import tariffs on rice to 15 percent from 35 percent......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»
Analysts expect inflation at around 3.8% for March
A BusinessWorld poll of 17 Philippine economists on March inflation rate projections revealed a median of 3.8%, with a high of 4.1% and a low of 3.5%......»»
NEWS BRIEFS | 1 June 2024
Fire destroys 20 houses in CDO A fire broke out in an urban-poor section near the Agora bus terminal in Barangay Lapasan, Cagayan de Oro City Friday night, burning 20 houses and leaving 20 families homeless. Fire Inspector Kyle Lauzon, Cagayan de Oro Fire Department spokesperson said the fire that broke out at 10:44 pm […].....»»
NEDA sees rice prices going down in September
Domestic rice prices are likely to decline in September to reflect the downtrend in prices of the staple in the world market, according to the National Economic and Development Authority.....»»
Gasoline, diesel prices up 40 centavos per liter starting May 28
MANILA, Philippines — Oil companies are raising local pump prices by up to 40 centavos per liter effective Tuesday, May 28. In separate advisories, the oil firms announced a 40-centavo increase in the prices of diesel and gasoline per liter while kerosene would go up by 30 centavos. Shell Pilipinas and Petro Gazz will adjust.....»»
Gasoline prices down, diesel up today
Local oil firms implemented mixed adjustments in petroleum prices today, with the prices of diesel and kerosene increasing, while that of gasoline declined......»»
Oil prices seen to decline again next week
Pump prices for fuel products could decline again next week, as oil prices in the Asian market fell amid favorable global political and economic conditions, according to the Department of Energy......»»
Traders, middlemen blamed for soaring commodity prices
The soaring prices of basic commodities in the market despite the wide gap in farmgate and retail prices are brought by as much as 200 percent profit of middlemen and traders, according to administration lawmakers......»»
‘Traders must explain soaring prices of goods in probe’
Traders and middlemen must give the proper responses to congressmen, once the House committee on trade and industry continues its inquiry on the soaring prices of basic goods despite plunging farmgate prices, Speaker Ferdinand Martin Romualdez said last Monday......»»
Mixed adjustments in oil prices today
Local oil firms made mixed adjustments in petroleum prices today, with the prices of diesel and kerosene rolled back while that of gasoline increased.?.....»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
Oil Prices Set to Drop After 5 Weeks of Increases
Oil companies to reduce fuel prices on Tuesday, following five consecutive weeks of price increases. Oil prices in Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell are expected to roll back to PHP 0.60 per liter of gasoline and PHP 0.10 per liter of diesel. Meanwhile, Caltex, Seaoil, and Shell are also set to lower […].....»»
Fuel prices in Cebu City as of Feb. 6: Gasoline up by 75 centavos, diesel by P1.50
CEBU CITY, Philippines — Another round of increase in fuel prices greeted motorists on Tuesday, February 6. Local oil firms announced in separate advisories that the prices of gasoline will increase by 75 centavos per liter and diesel by P1.50 per liter. Meanwhile, kerosene was up by 80 centavos per liter. The Department of Energy.....»»
Fuel prices as of Jan. 30: Gasoline up by P2.80, diesel by P1.30
CEBU CITY, Philippines – Local oil companies here have announced ta significant increase in the prices of fuel effective Tuesday, January 30, 2024. As a result, motorists in Cebu City will be facing a hefty increase in the prices of fuel products on the first week of February. This marks the fourth consecutive week of.....»»