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MANILA, Philippines — “Shrinkflation” is when manufacturers reduce the size of their products to maintain current prices. Department of Trade and Industry (DTI) Assistant Trade Secretary Amanda Marie Nograles of the Consumer Protection Group said that while…
MANILA, Philippines—President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end of 2024 to keep prices stable amid a threat of dry weather in the coming months,…
MANILA – Businesses and households are less optimistic about their prospects in the first quarter of 2024 due to concerns about ongoing high inflation and worries about lower income, according to the latest survey by the Bangko…
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,…
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…
MANILA, Philippines — An oil price hike will be implemented beginning Tuesday, according to Department of Energy’s (DOE) Oil and Industry Management Assistant Director Rodela Romero. He attributed the oil price hike to the international market, as…
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, May 1. Typhoon Betty weakens but flash floods, landslides may still occur due to…
MANILA, Philippines — President Ferdinand Marcos Jr. has issued an executive order (EO) on the formation of an inter-agency committee, which will be tasked to address inflation and boost the country’s economy, the Presidential Communications Office (PCO)…
MANILA -Three major, local business groups are seeking a compromise to the planned P150 across-the-board daily wage hike in the Senate, including the exemption of local firms engaged in direct exporting, as well as a “graduated” implementation…
MANILA, Philippines — The Department of Social Welfare and Development (DSWD) said on Saturday that the government’s promised cash aid to 9.3 million “poorest of the poor” cannot be distributed because it has yet to get the funds and…
CEBU CITY, Philippines — The Cebu City government is eyeing to hold a two-day “Food Security Summit” on April 25 and 26, 2023. Lawyer Jerone Castillo, the special assistant to Mayor Michael Rama, said the Food Security…
CEBU CITY, Philippines — Cebu City Mayor Michael Rama is set to call for a Food Security Summit soon as a measure to address food supply concerns amid the soaring inflation rate in the city and in…
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