No fare hike in airlines for now despite rising fuel costs, CAB says

Daniza Fernandez 03/30/2022

MANILA, Philippines — There is no fare hike in airlines for now despite rising fuel costs, the Civil Aeronautics Board (CAB) said Tuesday. CAB operations head Eldric Peredo said that current airline fares are within their implemented…

Targeting: The way to go

Cielito F. Habito - @inquirerdotnet 03/22/2022

Oil prices have always been volatile since the early 1970s when the Organization of the Petroleum Exporting Countries began flexing its global muscles. In the last two years alone, the crude oil price per barrel has spanned…

CCCI members told to prepare for possible power shortage this summer

Delta Dyrecka Letigio 03/12/2022

CEBU CITY, Philippines — The business industry is urged to prepare for a possible power shortage this summer. Kenneth Co, the newly sworn president of the Cebu Chamber of Commerce and Industries (CCCI), said they have been…

Drivers seek fare hike due to rising fuel prices

Delta Dyrecka Letigio 02/26/2022

CEBU CITY, Philippines — Traditional and modern jeepneys were already allowed to operate on full capacity after Cebu’s quarantine status was lowered to Alert Level 2. However, the minimum fare of P9 for traditional jeepneys and P11…

Oil prices break $100 on Russian ‘military operation’ in Ukraine

Agence France Presse 02/24/2022

HONG KONG — Oil prices soared past $100 for the first time in more than seven years on Thursday after Russian President Vladimir Putin announced a “military operation” in Ukraine, apparently realizing fears he would invade. Brent surged…

Asian markets mixed as inflation fears play against recovery hopes

Agence France Presse 02/18/2021

HONG KONG – Asian markets were mixed Thursday on profit-taking and growing worries about inflation, which offset long-running optimism about the global recovery as vaccines are rolled out, infection rates slow and Joe Biden’s stimulus winds through…

PSEi posts slight gain as market cheers improvement in oil prices

Doris Dumlao-Abadilla 04/24/2020

The local stock barometer firmed up for the first time this week on Thursday as global markets welcomed a nascent recovery in global oil prices. The main-share Philippine Stock Exchange index (PSEi) added 25.8 points or 0.46…

Cebu firms to feel adverse impact of additional excise tax on fuel

Irene R. Sino Cruz 01/15/2019

CEBU CITY, Philippines — Businesses face rising operating costs and lower net income due to the imposition of the additional P2 excise tax on oil products. Bob Gothong, chief executive officer of Gothong Southern group, admitted that…

Oil firms to roll back fuel prices today

Inquirer 01/13/2014

OIL firms operating in the Philippines are set to lower pump prices for the second week in a row amid lingering weakness in the price of refined petroleum products abroad. Petron, Shell, Seaoil, and PTT Philippines said…

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