Hotels face straining room supply as PH tourist arrivals surge

Meg Adonis 05/02/2024

The hotel industry might struggle to keep up with demand this year because more foreign tourists are coming in than there are new hotels being built. Leechiu Property Consultants Inc. mentioned in their recent report that tourist…

PH shares down to 6,800 level amid economic uncertainties, rising debt

Meg Adonis 04/05/2024

MANILA — Philippine stocks stayed around the 6,800 level on Thursday due to investors grappling with more economic uncertainties, particularly the government’s rising debt. The Philippine Stock Exchange index or PSEi dropped by 0.54 percent, or 36.76…

Fuel prices drop: Gasoline down by 50¢, diesel by 25¢ per liter

Meg Adonis 03/11/2024

MANILA, Philippines — Drivers will see a small decrease in fuel prices this week as local oil companies are reducing gasoline prices by P0.50 per liter, diesel by P0.25 per liter, and kerosene by P0.30 per liter…

Fuel prices rise by 50¢ per liter amid Russia export ban

Meg Adonis 03/04/2024

MANILA, Philippines —Fuel pump prices will increase by P0.50 per liter starting Tuesday, March 5, due to Russia’s six-month export ban. However, diesel prices will decrease by P0.40 per liter and kerosene by P0.35 per liter, as…

Three billionaires seal $3.3 billion deal to build PH’s ‘most expansive’ LNG facility

Meg Adonis 03/04/2024

Three major power companies in the country have come together to launch a $3.3-billion (P184.89 billion) deal to build the Philippines’ inaugural and most extensive liquefied natural gas (LNG) facility in Batangas province. This initiative aims to…

Fuel firms slash prices amid global demand dip

Meg Adonis 02/12/2024

MANILA, Philippines —The five-week trend of rising fuel prices will stop on Tuesday, February 13, due to a decrease in global demand. Local fuel companies announced in separate statements on Monday that they would reduce gasoline prices…

Prices of diesel, kerosene seen to go down but gasoline may rise on Jan 2

Meg Adonis 01/01/2024

MANILA  – The Department of Energy (DOE) announced possible rollbacks in the pump prices of diesel and kerosene effective Tuesday, January 2. In a text message to reporters, DOE Oil Industry Management Bureau Director Rodela Romero said…

Prices of gasoline up, diesel down this week

Meg Adonis 12/04/2023

MANILA – Pump prices of gasoline are expected to go up while diesel prices are going down on Tuesday, Dec. 5, as major oil exporters are expected to implement supply cuts. In separate advisories, local fuel firms…

Oil firms roll back fuel prices by up to P3 per liter starting Nov. 14

Meg Adonis 11/13/2023

MANILA – A good news for motorists. Hefty rollbacks in the pump prices of petroleum products will greet consumers on Tuesday, Nov. 14, with local oil firms cutting prices by as much as P3 per liter. In…

Fuel prices seen to increase anew

Meg Adonis 09/17/2023

Pump prices of petroleum products are expected to increase for the 11th consecutive week on Tuesday, with local oil companies estimating prices to climb by more than P2 per liter. Industry sources on Saturday said that based…

Oil firms raise prices of petroleum products by up to P3.50/liter

Meg Adonis 07/31/2023

Motorists will have to tighten spending this week after local oil firms announced hefty increases in the pump prices of petroleum products by as much as P3.50 per liter effective on Tuesday, Aug. 1. In separate advisories,…

Oil firms to roll back fuel prices on June 6

Meg Adonis 06/05/2023

Motorists will finally get a reprieve from the recent price increases in petroleum products, after local oil firms announced rollbacks by as much as 60 centavos per liter, effective Tuesday, June 6, 2023. In separate advisories, oil…

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