Capitol to resume sale of cheap rice at P29 per kilo

Pia Piquero 05/18/2024

CEBU CITY, Philippines – The Cebu Provincial Government is set to resume selling cheap rice to the “poorest of the poor” residents of the province. However, it will now be priced at P29 per kilo instead of…

Marcos: We’ve found a solution to bring down rice prices

Jean Mangaluz 05/17/2024

MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. revealed an alternative plan on Thursday to lower rice prices amid calls to amend the Rice Tariffication Law. (RTL). “Well, I don’t want to preempt the bicameral committee but…

Central Visayas: Inflation rate for April 2024 steady

Niña Mae C. Oliverio 05/15/2024

CEBU CITY, Philippines — The Philippine Statistics Authority in Central Visayas (PSA-7) reported a consistent inflation rate in the region for the month of April 2024. During the inflation report on Wednesday, May 15, PSA-7 Director Ariel…

Farmers’ group: Rice tariff law results to P44B in economic losses

Russel Loreto 05/06/2024

MANILA, Philippines — A farmers’ group wants to get rid of the rice tariffication law or Republic Act No. 11203. They don’t think the changes proposed by the House of Representatives will fix the problem of expensive rice.…

Inflation rate in Cebu: Your P1 is now worth 83 centavos

Niña Mae C. Oliverio 04/18/2024

CEBU CITY, Philippines — As the inflation rate in Cebu continues to soar, Cebuanos also continue to struggle with the increasing prices of goods and commodities. During the data dissemination for inflation on Wednesday, April 17, a…

Cebu Province inflation rate soared in March 2024

Niña Mae C. Oliverio 04/17/2024

CEBU CITY, Philippines — Cebu Province inflation rate rose in March as Cebuanos continue to grapple with rising prices of goods and commodities, the latest inflation report by the Philippine Statistics Authority (PSA) Cebu showed. On Wednesday,…

March inflation higher at 3.7% but still within gov’t target range

Ian P. Cigaral 04/06/2024

MANILA, Philippines — March inflation picked up to 3.7 percent year-on-year in March, from 3.4 percent in February, due to higher prices of key food items like vegetables, meat and rice, the Philippine Statistics Authority (PSA) reported…

March inflation hits 3.7% on food price surge

Ian Cigaral 04/05/2024

MANILA, Philippines — Inflation rose to 3.7 percent, up from 3.4 percent in February, mainly driven by increased prices of essential food items such as vegetables, meat, and rice, according to the Philippine Statistics Authority (PSA). Despite…

Cebu’s inflation rate rose in Feb compared to January

Josh Almonte 03/16/2024

CEBU CITY, PHILIPPINES – Cebu’s inflation rate rose slightly in February compared to lJanuary as prices have gone up in most parts of the province including the tri-cities of Cebu, Lapu-Lapu, and Mandaue. This was after the…

Central Visayas inflation rate increased in February 2024

Niña Mae C. Oliverio 03/12/2024

CEBU CITY, Philippines — The inflation rate in Central Visayas has increased by 0.2 percent in February 2024 compared to January. This was presented by Engineer Leopoldo Alfanta, Jr., chief statistical specialist of the Philippine Statistics Authority…

Nestle, Danone see price hikes slowing after years of sharp increases

02/23/2024

LONDON/PARIS (Reuters) -Two of the world’s top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that prompted many shoppers to seek cheaper alternatives for…

DTI allows manufacturers to downsize certain goods to offset rising costs

Alden M. Monzon, Melvin Gascon 01/18/2024

MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Wednesday that manufacturers of essential goods can maintain profitability amid rising production costs by reducing product sizes or weights, instead of increasing prices. Trade Assistant…

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.