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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 […].....»»
Oil price rollback expected next week
Lower pump prices for petroleum products are expected next week, with the Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimating an oil price decrease of around P1 to P1.20 per liter for gasoline, P0.40 to P0.60 per liter for diesel, and P0.45 to P0.65 per liter for kerosene......»»
5th oil price hike set February 6
Oil firms will implement an oil price hike for the fifth straight week......»»
Another oil price hike set on January 16
Oil firms will observe an oil price increase in the third week of January......»»
The Daily Guardian: Competitive Battle for Market Share Arises as U.S. Oil Production Soars
Title: Saudi Arabia Struggles to Stabilize Oil Prices Amid Rising US Production In a bid to support oil prices, Saudi Arabia and its OPEC+ allies.....»»
Philippines dollar reserves slip to $102.67 billion
The country’s foreign exchange buffer slipped to $102.67 billion in February, the second straight month of decline, acccording to the Bangko Sentral ng Pilipinas......»»
Producer prices decline at slower pace in March
Factory gate prices contracted at a slower pace in March from the previous month due mainly to the slower decline in the prices of petroleum products, according to the Philippine Statistics Authority ......»»
Debt payments decline to P294 billion in February
The Marcos administration reduced its debt service to P294 billion in February amid the decline in the payment for the loan principal borrowed by the government......»»
Drug supply in Visayas to decline after P9.68B ‘shabu’ haul in Batangas
CEBU CITY, Philippines – The drug supply in Visayas region is expected to drop dramatically following the seizure of P9.68 billion worth of shabu in a Batangas port. The Philippine Drug Enforcement Agency in Central Visayas (PDEA-7) said it is anticipating the decline since the seized contraband is expected to be distributed to the southern.....»»
Inflation rises 3.4% in February, ending 4-month decline
The country's inflation rate gained momentum in February 2024 as the costs of food and non-alcoholic beverages surged, ending a four-month decline......»»
Alcover pushes for agricultural scholarships amid student decline
Alcover pushes for agricultural scholarships amid student decline.....»»
DA moving to prevent decline in onion farmgate price
Efforts are now being done to prevent the further decline in the farmgate price of onions as farmers are forced to sell their produce at about P20 per kilo, Department of Agriculture spokesman Arnel De Mesa said......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
Daily Guardian: Delta Airlines (NYSE:DAL) Shares Decline Following Revised FY24 Forecast
Delta Airlines (NYSE:DAL) experienced a decline in pre-market trading as it reported its Q4 and FY23 results, causing concerns among investors. The airline’s FY24 earnings.....»»
Stocks retreat on hawkish Fed, BSP rate signals
Stock investors were turned off yesterday by policy signals from monetary authorities here and abroad, dragging the local market to a third straight day of decline......»»
Rice stocks down 25 percent in December – PSA
The country’s rice inventory posted a 25.2 percent decline in December, according to data from the Philippine Statistics Authority......»»
PAL profit tumbles on price pressures
Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»
VMC net income tumbles on low sugar prices
Low sugar prices and output dragged the earnings of listed sugar miller Victorias Milling Co. Inc. by more than a third in the first half of its current crop year......»»
Shell Pilipinas profit tumbles to P1.2 billion in 2023
The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»