Party-list rep seeks urgent certification on bills to lower fuel prices

A PARTY-LIST representative on Monday called on President Ferdinand R. Marcos, Jr. to certify as urgent several bills that lower oil prices to help consumers burdened by inflation.    An urgent certification from the president means these bills can be fast-tracked by being passed on third reading immediately after the second reading.   “Malacañang and the legislative […]

Lower pork tariffs to be extended

THE MARCOS administration is planning to extend lower tariff rates on key commodities such as pork, corn, rice, and coal to next year, Finance Secretary Benjamin E. Diokno said, as the government seeks to curb rising food inflation. “[The] economic managers have repeatedly raised the needed measures to address food inflation. In the last Cabinet […]

Phinma income declines to P407M

Phinma Corp. registered an attributable net income of P406.83 million in the first half, lower by 7.8% than a year ago, amid higher costs caused by supply chain difficulties. The company’s topline grew by 10.4% to P8.63 billion while its costs rose by 18.2% to P1.04 billion. In a disclosure on Thursday, the company said […]

Jobless rate eases in April

By Bernadette Therese M. Gadon, Researcher The unemployment rate in April slowed to its lowest since the start of the pandemic as the size of the workforce shrank amid the disruptions caused by the ongoing Russia-Ukraine conflict. Preliminary results of the Philippine Statistics Authority’s (PSA) April round of the Labor Force Survey (LFS) on Friday […]