The Philippines just notched its fastest economic growth since disco music was rattling the airwaves and Gerald Ford was US president. Sustaining that pace against a gloomy global backdrop will be a challenge. The economy grew 7.6 percent in 2022, data showed Thursday, its best performance since 1976. President Ferdinand…
Oil prices are up again. On Monday, oil companies announced a price increase to take effect Tuesday morning. They said in separate advisories that gasoline prices will be sold P0.45 per liter more, P1.70 per liter higher for diesel, and P0.45 per liter more for kerosene. This is the 13th increase…
Two landmark legislations, the bill providing for a national energy policy and regulatory framework for the use of electric vehicles (EVs), and the establishment of electric charging stations and the proposed SIM Card Registration Act, are expected to be signed into law soon. The enrolled copies of the bills on…
Another oil price rollback takes effect this week. Oil firms announced Monday a P1 per liter price reduction for gasoline, P0.35 per liter for diesel, and P3 per liter for kerosene. The third oil price rollback for the year takes effect Tuesday morning, April 12. Seaoil, PTT, Shell, Petron, Caltex,…
Over a year since the last minimum wage hike took effect, labor groups are reviving their call for additional pay as sky-rocketing oil prices further press on the limited income of more workers. Organized labor, however, are split in addressing the issue with some demanding for a legislated wage hike…