Philippine inflation slows as harvests boost food supply

11/07/2023

Manila, Philippines— The Philippines’ inflation rate slowed sharply in October, as harvests boosted the supply of rice and vegetables in the market and took the steam out of food costs. Consumer prices rose 4.9 percent on-year last month,…

Who is Sam Bankman-Fried, the onetime crypto mogul convicted of fraud?

11/03/2023

NEW YORK—A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a…

Fuel prices rollback on Oct. 10

Meg J. Adonis 10/09/2023

MANILA—Fuel prices are expected to lower as a rollback is set on Tuesday, October 10, 2023. This as local oil firms announced cuts by up to P3.05 per liter. In separate advisories, the companies said they would cut…

Fuel prices update: Gasoline to go down, diesel to increase

Mag J. Adonis 10/02/2023

MANILA—Prices of gasoline and kerosene will again decline while price of diesel will increase on Tuesday, October 3, 2023. The price of gasoline will drop by up to P2 per liter while kerosene by 50 centavos per…

Fuel prices to increase anew on Sept. 19

Meg J. Adonis 09/18/2023

MANILA—After two and a half months, motorists are still expected to reel from increases in the pump prices of petroleum products, as local oil companies announced that fuel prices will again increase by more than P2 per…

Senate to check economic viability of putting up Negros Island Region

Carla Gomez 09/17/2023

BACOLOD CITY — Plans to create the Negros Island Region (NIR) will be tackled in the Senate to make sure it ends up benefitting the economy. This was according to Senator Imee Marcos, who said in a…

Qualified micro rice retailers receive gov’t cash aid

Niña Mae C. Oliverio 09/17/2023

CEBU CITY, Philippines — A total of 87 micro rice retailers received cash assistance from the government last Thursday, September 14, 2023. The Department of Social Welfare and Development (DSWD), in coordination with the Department of Trade…

Mayor Rama to leave for Russia on Sept. 8 for three-day economic forum

Niña Mae C. Oliverio 09/07/2023

CEBU CITY, Philippines — Cebu City Mayor Michael Rama is set to leave for Russia on Friday, September 8,  to attend the 8th Eastern Economic Forum in the City of Vladivostok. Rama, in a press conference via Zoom…

Rice retailers in Mandaue City express concern with rice price cap

Emmariel Ares 09/07/2023

CEBU CITY, Philippines – With the issuance of the Executive Order 39, some rice retailers at the Mandaue City Public Market expressed concern on the future of their business if prices from suppliers remain high. President Ferdinand…

Biz group urges lifting of rice price cap after 2 to 3 weeks

Alden M. Monzon 09/07/2023

MANILA, Philippines — The Federation of Philippine Industries (FPI) on Wednesday urged the government to limit the implementation of the price ceiling on rice to two to three weeks, warning that prolonging such a regulation could bankrupt…

How does inflation impact local traders?

Niña Mae C. Oliverio 09/07/2023

CEBU CITY, Philippines — The country’s inflation rose to 5.3 percent in August, according to the report of the Philippine Statistics Authority. So how does the inflation, defined as the rate of increase in prices over a…

RICE ALTERNATIVE? DOH suggests trying corn, sweet potato

Kathleen de Villa 09/06/2023

MANILA, Philippines — The Department of Health (DOH) on Tuesday, September 5, 2023, advised the public to consider alternative sources of carbohydrates to rice amid fears of a rice stock shortage after the government implemented a price…

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