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Cebu Pacific net income falls on pain from oil prices, Boracay closure

MANILA – Cebu Pacific Air said Monday its net income fell 51 percent to P3.9 billion in 2018, as it reeled from high fuel prices, a weak peso and the 6-month closure of Boracay Island. The Philippines' largest carrier also ...

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Lottery sales fall as ticket prices rise due to TRAIN law: PCSO

Bettors line up in an outlet in Quezon City in September 28, 2018, in the hopes of winning the record-breaking P765 million jackpot in the Ultra Lotto 6/58. Mark Demayo, ABS-CBN News The Philippine Charity Sweepstakes Office (PCSO) said Thursday ...

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Senate bets share solutions on high fuel prices to help jeepney drivers

Senatorial candidates Ernesto Arellano (from left), Toti Casiño, Leody De Guzman, Senator JV Ejercito, Elmer Francisco, RJ Javellana, Dado Padilla, Dan Roleda greet supporters during the 4th installment of Harapan 2019 Senatorial Town Hall Debate at ABS-CBN on March 3, ...

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Proposed additional duty on imported cement may hike prices, says trade group

[unable to retrieve full-text content] Combined with value added tax (VAT), prices per bag of imported cement could surged up to P10 once the new tariff is finalized, said Philippine Cement Importers Association Inc president Napoleon Co.

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Duterte on high fuel prices: Nothing I can do ‘even if you hang me’

MANILA, Philippines — President Rodrigo Duterte admitted Monday that he could not do anything about high fuel prices “even if you hang me.” In his speech at the distribution of Certificates of Land Ownership Awards (Cloas) to farmers in Buluan, ...

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DOE to promote energy efficiency amid rising oil prices

The Department of Energy shifted its focus on energy efficiency amid the soaring prices of petroleum products. Oil firms are set to implement another price hike on January 29. – Business Nightly, ANC, January 28, 2019 Let’s block ads! (Why?)

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LIST: Oil firms to hike pump prices starting Jan. 15

Gas pumping station. INQUIRER FILE PHOTO Another round of fuel price increase will be implemented on Tuesday, January 15. Among the oil firms that will be increasing the pump price of gasoline, diesel, and oil products are: ADVERTISEMENT Shell (effective 6 ...

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PH agri group, economist say rice tariffication can help lower rice prices

Philippine economic managers have been betting big on the rice tariffication bill as one of the government's way to keep inflation within its target range. But over a month since it hurdled Congress, the measure has yet to reach President ...

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Gasoline prices up; diesel, kerosene prices see rollback

Filipinos will have to dig deeper in their pockets as Meralco raises power rates for the month of December. Gasoline prices will also see an increases, but a price rollback will continue for diesel and kerosene. – Business Nightly, ANC, ...

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Iraqi oil minister expects prices to rise over time

BAGHDAD – Iraqi Oil Minister Thamer Ghadhban said on Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $ ...

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